Penang lauds US tariff reduction but urges Putrajaya to seek deeper concessions

Photo: LIM BENG TATT/The Star

GEORGE TOWN: Penang Chief Minister Chow Kon Yeow has welcomed the decision by the United States to reduce tariffs on Malaysian exports from 25% to 19%, as a right step towards boosting trade competitiveness.

He said the decision brings relief to Penang’s key sectors, including electrical and electronics (E&E), manufacturing, and medical devices.