KUALA LUMPUR, May 5 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim is confident that Malaysia’s strong economic fundamentals will enable the country to navigate the global uncertainties following the recent announcement of retaliatory tariffs by the United States (US).
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| 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 | |
| The government is proactive and undertook early initiatives, including the establishment of the NGCC to monitor, assess, and coordinate responses to changes in the global trade landscape and tariff shocks - PM Anwar | |
| To date, approved Malaysian investments in the United States are estimated at RM34.4 billion (US$ 8.2 billion), covering the energy, chemical, food, logistics, and high-tech sectors – PM Anwar. |
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