KUALA LUMPUR, April 3 — The Ministry of Investment, Trade and Industry (Miti) views the 10 per cent tariffs hikes and reciprocal tariffs announced by the United States of America (US) on Malaysian exports to the US seriously and is actively engaging with the US authorities to seek solutions that will uphold the spirit of free and fair trade.
In a statement today, Miti said the US tariffs affect many countries with potentially significant implications for global trade and growth.
The National Geoeconomic Command Centre (NGCC), recently approved by the Cabinet, will evaluate the impact of this recent US announcement and will consider a comprehensive and multi-pronged strategy to mitigate the effects of these tariffs on our economy and industries.
The NGCC, to be chaired by the Prime Minister with Miti as the Secretariat, features high-level representatives from key ministries and agencies.
The NGCC’s key focus is to ensure that the Malaysian economy remains competitive amidst these volatile times. — Bernama
