PETALING JAYA: With just over three weeks until the Aug 1 deadline to negotiate with the United States on reciprocal tariffs, economists say Malaysia must urgently rethink its strategy to secure a better deal and avoid a long-term trade fallout.
They warn of a looming demand shock from the unilateral tariffs and urge policymakers to reassess their approach – including boosting imports from the United States and addressing non-tariff barriers – to secure a more favourable tariff rate and keep the country competitive.
