MITI said the decision to impose the duties, in the form of a bank guarantee and ranging from 3.86 to 57.90%, was made after preliminary investigations found sufficient evidence that these imports were brought into Malaysia at dumped prices.
The United States has lowered its reciprocal tariff on Lao imports from 48 percent to 40 percent, following President Donald Trump’s latest round of tariff letters to 14 countries.
The United States has announced new tariffs for over half of the member states of the Association of Southeast Asian Nations, China's largest trading partners, which analysts said is a calculated escalation of Washington's efforts to reconfigure global supply chains away from Beijing.
Vietnam will soon sign an agreement with Indonesia to boost long-term rice shipments, the Vietnamese government said on Tuesday in a statement, after exports plunged in the first half of the year.
Chief Economic Minister Airlangga Hartarto said on Tuesday that US President Donald Trump’s decision to maintain a steep 32 percent tariff on Indonesian exports came as a surprise to Jakarta, despite extensive efforts by the Indonesian government to ease trade tensions.
The proposed 36% tariff on US imports of Thai products could pile pressure on the manufacturing sector, with workers likely to bear the brunt, says the Employers' Confederation of Thai Trade and Industry (EconThai).
Southeast Asian foreign ministers will meet on Wednesday as the region grapples with renewed uncertainty over US trade tariffs and as a simmering territorial dispute between Thailand and Cambodia threatens to disrupt the bloc's unity.
Prime Minister Narendra Modi's talks with Malaysian Prime Minister Anwar bin Ibrahim at the BRICS summit highlighted the review of the ASEAN-India Free Trade Agreement (FTA). The review aims to address trade imbalances between India and the ASEAN bloc and enhance bilateral economic relations. Discussions also covered other key sectors.