Tariff talks with Washington have been excellent, says Anwar

The Star

Ongoing negotiations with the US over its unilateral tariffs are going very well, says Datuk Seri Anwar Ibrahim.   The Prime Minister said this was conveyed by Investment, Trade and Industry (Miti) Minister Tengku Datuk Seri Zafrul Abdul Aziz and Finance Minister II Datuk Seri Amir Hamzah Azizan, who are both currently in Washington DC leading the talks.   Read more at https://tinyurl.com/57juy58z   WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

Transcript

00:00Our ministers are there in Washington, D.C. to bring up this tariffs issue with the United States.

00:12This morning I received a message from our Minister of Meeting and Finance, Second Finance Minister,

00:24that the meetings with the Secretary of Commerce, U.S. state representatives have been excellent,

00:33and we always emphasize the need not only to secure what is fair for Malaysia,

00:42but we always present the case for ASEAN.

00:47And I have urged my colleagues within ASEAN to do likewise.

00:52We present a bilateral position but at the same time emphasize the need for ASEAN to remain a very cohesive and effective bloc.

01:01The imposition of unilateral tariffs in the United States is, of course, admittedly a significant challenge to our nation and the region

01:15as we are deeply plugged into global supply chains. Some may not appreciate the predicament we are facing.

01:25Sixty percent of our semiconductor E&E products from Malaysia are exported to the United States. Sixty percent.

01:34Sixty percent. So you can imagine the concern, not only of government, but Malaysians generally,

01:41about the need to secure a fair resolution to this issue.

01:49And I must emphasize that the ASEAN consensus reached both by the Finance Ministers and the Trade Ministers earlier,

02:04and the Foreign Ministers culminating in the final communique by ASEAN leaders.

02:14We emphasize the point that the international trade must be governed by transparent rules and legal predictability,

02:25not by unilateralism or coercive economic measures.

02:30Disruption in trade and supply chain will leave detrimental effects on businesses and hamper economic growth,

02:40further impacting efforts toward ensuring the socioeconomic well-being of the people.

02:47That said, Malaysia will continue to engage constructively with the United States, China and the European Union,

02:54India and others in advancing our national and regional interests.

03:00And let there be no doubt, Malaysia's strategy of active non-alignment is a deliberate and principled framework,

03:11designed to maximize strategic flexibility, preserve decision-making autonomy and engage all partners on our terms.

03:30And here's the final question,

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03:36So,

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03:45our communication efforts to ensure this conversation is a near-powering component.

03:49Then,

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03:53what has done outside,

03:56what would claim to be when it comes to the tension,

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