Malaysia attempts to reduce US drawings to less than 20%

Malaysia is looking for customs duties that US President Donald Trump has threatened to impose under 20%, and expresses its optimism that an agreement can be reached before the date of the first August, according to the Minister of Investment, Trade and Industry, Zafar Aziz. Zavol said in statements to “Bloomberg” that Prime Minister Anwar Ibrahim will talk to Trump “once the negotiations are completed.” Trump threatened to impose customs duties by 25%, which is independent of sectoral rates, if the country in Southeast Asia does not reach an agreement with its administration. The lowest possible percentage of the fees is the explanation for the journalists: “The goal is to reach the lowest possible percentage,” and “I think we can reach a scholarship we see for the two parties.” Zafarol said Malaysia is not yet ready to close the door of negotiations because it is still completing the details with the US side. The Malaysian government wants to reduce customs duties to about 20%, but assessed to respond to some US claims related to electric cars and foreign ownership, according to Bloomberg, who cited people who are familiar with the progress of the talks. Rejection of some US conditions so far has made Malaysia progress in addressing US concerns about high -performance smuggling semiaries, but it has rejected the claims of Washington to expand tax emissions on US electric cars, reduced restrictions on foreign ownership, in the energy and financing sectors, because Fisherman. Base, people said. The United States, the largest economy in the world, recorded a $ 24.8 billion trade balance last year, according to the US Trade Representative Officers, and America was also the largest foreign investor in Malaysia during 2024. The threat to impose a negative fee depended on the Malaysian economy. During the current month, the Malaysian Central Bank reduced the interest rate by a quarter of a percentage point in a preconceived step to support the economy, warning that “the risk of the risks surrounding the growth prospects tends to the sloping direction.”