KUALA LUMPUR, May 5 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim said the government is considering revising the gross domestic product (GDP) growth forecast set in Budget 2025 after gaining more clarity from Malaysia's negotiations with the United States (US) on the tariffs.
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| Promoting regional cooperation, new markets are among govt's initiatives to cushion impact of the US tariff -- PM Anwar | |
| US govt has agreed to have further discussions with Malaysia and there is a possibility of the reciprocal tariff being reduced -- PM Anwar | |
| As the US is a major trading partner, its tariff move would have a significant impact on Malaysia's export performance to the US and affect GDP growth -- PM Anwar | |
| With the suspension of the implementation of the US reciprocal tariffs, trade impact on Malaysia is expected to remain manageable in the near term - PM Anwar | |
| Malaysia is aggressively expanding its trade and increasing its trading activities with existing trade partners, including BRICS and GCC, with positive results - PM Anwar | |
| Any challenges to trade relations should be addressed pragmatically and guided by the national interest, while maintaining good ties with all of Malaysia’s trading partners -- Prime Minister Anwar |
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