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Malaysia's iron and steel sector could incur RM970.7 million in costs to comply with the EU's new carbon border tax beginning 2026, prompting government intervention and industry transformation efforts.
Sabah has been selected as a host location for the JOM MALAYSIA Festival 2026, a strategic initiative designed to propel locally-made products into global markets. The platform aligns with the state's Sabah Maju Jaya 2.0 development agenda, supporting SMEs and MSMEs through targeted programmes.
Malaysia has been assigned a 10% tariff under US Section 301 measures related to forced labour, placing it in the lower tier compared to other affected economies facing 12.5% duties.
Prime Minister Anwar Ibrahim confirmed Malaysia will maintain dialogue with the United States regarding tariffs connected to forced labour compliance, noting the 10% duty rate is relatively favourable compared to peers.
Malaysia's manufacturing federation has appealed to the US to apply Section 301 tariffs selectively, warning that blanket duties could hurt compliant exporters and disrupt global supply chains vital to Southeast Asian trade.