Finance Minister Pichai Chunhavajira expresses gratitude as Thailand's tariff rate drops from 36% to 19% under Trump's new trade measures.
President Donald Trump will keep minimum global tariff rates at 10 per cent, resisting prior suggestions he could raise the floor to 15 per cent or higher, according to a White House statement on July 31.
Despite several rounds of discussions, the Anwar administration appears unable to secure a deal with the Trump administration.
Malaysia may have clinched a deal with Washington to limit the incoming United States (US) tariff to 19 per cent on its exports, but analysts say the move still spells turbulence for trade flows and investor sentiment.
The Deal Slams the Door on Chinese Products Being Shipped Through Indonesia to the U.S. to gain the lower tariff than that imposed by President Trump on President Xi Jinping’s Regime.
The White House said Malaysia’s exports to the US will be subject to a 19% tariff, according to its official website on Thursday.
Amid global turmoil, efforts to bring Singapore and the region closer have grown more urgent, says the minister of state for trade and industry.
Shrimpers are praising the Trump administration’s newly announced tariffs on imports from Indonesia and Vietnam as a long-overdue correction to what it calls “counter-productive trade policies.”
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
