Malaysia Seeks Bilateral Trade Talks with US Amid Tariff Tensions

Malaysia has signaled its readiness to negotiate with the United States on a range of trade issues, including reducing the trade deficit, addressing non-tariff barriers, strengthening technological safeguards, and considering a bilateral trade agreement, amid tensions caused by new US tariffs imposed under the Trump administration. Malaysian officials welcomed the US's 90-day pause on implementing the proposed 24% tariffs, viewing it as an opportunity for constructive engagement. Malaysia has emphasized it will not retaliate with its own tariffs but seeks mutually agreeable solutions to maintain beneficial trade flows. The country also highlighted a more balanced trade relationship in recent years and the significant role of American companies in Malaysia's economy. However, Malaysia has announced it will revise its economic growth forecast downward for 2025 due to the impact of the US tariffs, while stressing its strategic role in global supply chains. Discussions with US officials are ongoing, with Malaysia seeking fairer terms and exploring alternative ways to address US concerns.