Phillip Research Malaysia and its 25% tariff could strain longer-term export growth to the United States and potentially reverse recent gains.
PETALING JAYA: Malaysia’s prior export advantage, stemming from the anticipated 32% US tariff on Indonesian palm oil, has been significantly reduced following a last-minute trade agreement that lowered Indonesia’s tariff to 19%, says Phillip Research.
The research house said Malaysia and its 25% tariff, which remains under negotiation with the United States, now faces a disadvantage, which could strain longer-term export growth to the United States and potentially reverse recent gains.
