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Malaysia reviews 2025 growth forecast
Gulf Today
|April 05, 2025
Malaysia said on Friday it was reviewing its 2025 growth forecast after being hit by President Donald Trump’s tariffs on trade partners but refuted his claim that it imposed a 47 per cent duty on US imports.
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The Southeast Asian third-largest economy, Malaysia was hit with a 24 percent tariff on its exports to the United States, much less than larger regional economies such as Vietnam.
“However, the Ministry of Investment, Trade and Industry (MITI) in Kuala Lumpur said the new US tariffs “have exceeded even our most conservative assumptions”.
This story is from the April 05, 2025 edition of Gulf Today.
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