Datuk Seri Ong Ka Chuan (Bernama file pix)
SUBANG, March 8 (Bernama) -- Malaysia is currently observing the development of the US' decision to impose a new import tariff on steel and aluminium, in terms of reactions from the affected countries.
Second International Trade and Industry Minister, Datuk Seri Ong Ka Chuan, said the government wanted to be prudent on the matter as the US has been one of the country's biggest trading partners.
"We cannot afford to have a bad relationship with the US. But if they continuously impose higher taxes that affect Malaysia's export to the US, then we may have to think of a solution to the problem," he told reporters at the 'Industrial Park Forum for Central Region' here today.
He said Malaysia appreciated the US - the world's biggest economy - as its trading partner, and we're making every effort to ensure that the future trade policy between Malaysia and US would not affect the inflow of Malaysian products into the US and vice-versa.
Ong said Malaysia was not majorly affected by the imposition of the import tariff for now as steel and aluminium were not major trading items between two countries.....