Tengku Zafrul to go to Washington again for tariff talks

Tengku Zafrul to go to Washington again for tariff talks

The investment, trade and industry minister will lead a Malaysian team on June 18 to negotiate a better deal following the US decision to impose a 24% tariff on certain Malaysian exports.

Investment, trade and industry minister Tengku Zafrul Aziz previously said talks with the US would focus on lowering the 24% tariff, easing non-tariff barriers, and addressing the trade imbalance. (Bernama pic)
PETALING JAYA:
Investment, trade and industry minister Tengku Zafrul Aziz will travel to Washington on June 18 to continue negotiations over US tariffs imposed on Malaysian goods.

Speaking after an event in Kuala Lumpur today, Tengku Zafrul said he briefed the Cabinet earlier today on the upcoming visit.

“I will be going to the US next week and we will continue in-person negotiations. Previously, discussions were held online,” Bernama quoted him as saying.

He said he was scheduled to meet US Trade Representative Jamieson Greer and other officials, investors and key business groups, including the American Malaysian Chamber of Commerce (AMCHAM) and the US-Asean Business Council.

Tengku Zafrul’s follow-up trip comes after his visit in April, during which he met with Greer and US Secretary of Commerce Howard Lutnick.

Malaysia faces a 24% tariff on certain exports to the US unless both sides reach an agreement before the current 90-day pause ends on July 8.

Tengku Zafrul previously said talks with the US would focus on three specific areas – reducing the 24% rate, non-tariff trade barriers, and trade imbalance between the two nations.

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