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Trump announces tariffs, Malaysia at 24%
The Star
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4/3/2025
The United States has imposed a 24% tariff on Malaysia as part of President Donald Trump's sweeping wave of trade measures.
Malaysia was featured at the 11th spot of the reciprocal tariff chart Trump held when making the much-awaited announcement.
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00:00
The United States has imposed a 24% tariff on Malaysia as part of President Donald Trump's
00:08
sweeping wave of trade measures.
00:11
Malaysia ranked 11th on the reciprocal tariff chart Trump presented during his long-awaited
00:15
announcement.
00:17
According to the chart, Malaysia imposes a 47% tariff on U.S. goods, while the U.S. will
00:23
reciprocate at half that rate.
00:25
Other nations facing steep tariffs include China at 34%, the European Union at 20%, Vietnam
00:33
at 46%, Sri Lanka at 44%, Cambodia at 49%, Laos at 48%, and Myanmar at 44%.
00:43
Trump stressed that these reciprocal tariffs were a response to duties and other non-tariff
00:48
barriers put on U.S. goods.
01:18
A baseline 10% tariff on all imports will take effect on April 5th, with higher duties
01:44
starting April 9th.
01:46
Trump's announcement could put Asian equities under pressure as financial markets open Thursday.
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