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Malaysia's government will conduct a thorough review of import requirements and develop new policies aimed at reducing dependence on external sources while strengthening domestic industries, Trade Minister Johari Abdul Ghani announced.
US tariff measures will have limited immediate impact on ASEAN exports thanks to product exemptions and lower effective rates, though ongoing investigations and trade tensions keep risks elevated.
Australia's PM Albanese says he will press Trump to remove new tariffs imposed on 60 trading partners. The US alleges inadequate forced labour controls, but Canberra argues it has robust modern slavery protections.
The United States has announced additional tariffs of 10 to 12.5 per cent on 60 trading partners, including major economies and Southeast Asian nations, for inadequate enforcement of forced labour prohibitions in their supply chains.
The US has announced tariffs of up to 12.5% on South Korea, Japan and dozens of other nations after investigating forced labour practices. The move replaces temporary global tariffs and comes after court setbacks.
South Korea's Industry Minister Kim Jung-kwan is visiting Washington this week to meet with senior US officials on trade and investment matters, as Seoul prepares for potential additional US tariffs linked to a forced labour investigation.
Twenty-five Republican US lawmakers have urged President Trump to combat EU digital regulations, particularly the Digital Markets Act, suggesting trade investigations and potential tariffs under Section 301 of the Trade Act.
India has enacted a ban on importing goods produced through forced labour, aiming to sidestep anticipated US tariffs of up to 12.5 per cent. The policy takes effect in 30 days.
Western automakers are relocating electric vehicle production to Europe in response to EU tariffs on Chinese-made EVs, according to a new Transport & Environment study. Chinese carmakers are meanwhile investing in European factories.
Malaysia's government has tasked its investment and economy ministries with reviewing proposals from the plastics industry, which faces mounting pressures from global supply chain disruptions and operational constraints.
Malaysia's government has instructed two ministries to examine proposals from the plastics industry, which faces pressure from global supply chain disruptions and raw material costs.
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Malaysia's Halal Home Grown Champion programme has mobilised support for 313 halal companies, generating RM187.91 million in potential sales through 2026 while positioning the nation as a global halal leader.
Prime Minister Anwar Ibrahim emphasised Malaysia's critical role as a trading hub and outlined plans to diversify economic partnerships across West Asia, Central Asia, Latin America and Africa while strengthening ASEAN-centric foreign policy.
Malaysia's Investment Minister Datuk Seri Johari Abdul Ghani has urged the World Trade Organization to modernize its framework to address contemporary economic concerns including supply chain resilience and strategic autonomy, warning the institution risks irrelevance without reform.