Deficit risk with US even at 10% tariff

Ferlito: "To evaluate the global impact on an export … is a bit too early."

PETALING JAYA: Malaysia risks losing over RM167bil in export value to the United States this year should the 10% import tariff on Malaysian products be maintained throughout 2025.

This would push Malaysia into a trade deficit of RM88.2bil with the United States, a stark deterioration from a trade surplus of over RM72bil in 2024, said Centre for Future Studies chief economist Mohd Yusof Saari.