Malaysia should take advantage of unilateral agreements to prepare for possible impact of trump's tariffs

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KUALA LUMPUR: Malaysia should take advantage of all unilateral free trade agreements to further expand market potential as an early preparatory measure to face any possible impact from the implementation of tariffs by United States (US) President Donald Trump.

The Ministry of Investment, Trade and Industry (MITI) had earlier said the introduction of tariffs by the US on Mexico, Canada and China could open up opportunities for Malaysian exporters to increase production and double their exports to the US.

Director of the Master of Business Administration Programme at Putra Business School, Associate Professor Ahmed Razman Abdul Latiff said this effort could ensure that Malaysia is not overly dependent on one or two major trading countries such as the US and China.

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Category: EconomyBusiness

Markets: MalaysiaBrazilCambodiaCanadaChinaIndiaIndonesiaMexicoSouth AfricaThailandUnited StatesVietnam

Topics: RCEP ASEAN Donald Trump /Business/Business News Economy CPTPP Tariffs Ahmed Razman Abdul Latiff

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-01 @ 11:10:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 612 words

Reading Time: 4 minutes read

Sentences: 18 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 27504983

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

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