PETALING JAYA: Malaysia has been hit by a 25% tariffs to take effect beginning Aug 1.
The rate, which was stated in a letter posted on US president Donald Trump’s Truth Social, is 1% more than the 24% imposed previously snd paused for 90 days.
In a letter addressed to the King, Trump described the rate as “far less” than what is needed to eliminate the country’s trade deficit with Malaysia.
More to come
