00:00A former U.S. trade negotiator has called on Malaysia to modify its strategy in light of Washington's decision to impose a 25% tariff on imports from the country from August 1st.
00:15This was up from the 24% tariff that the U.S. had originally proposed to levy on certain exports from Malaysia before the 90-day pause was put in place.
00:26Stephen Olsen said that while it would be premature to conclude that Malaysian negotiators have failed, it was a safe bet that the concessions Malaysia has offered so far have been insufficient.
00:38He said Malaysia should review its positions and the specific complaints raised by the U.S. but cautioned that additional concessions are not worth the deal beyond a certain point.
00:49In a letter, U.S. President Donald Trump told Prime Minister Anwar Ibrahim that the 25% tariff was necessary to correct the unsustainable trade deficit the U.S. has with Malaysia.
01:01Trump said the deficit, which he has described as a major threat to the U.S. economy and national security, was due to Malaysia's long-standing tariff and non-tariff barriers.
01:12Trump said the u sole threat to the U.S. has with Baris.
01:16The U.S. is the one that was behind the scenes of Barious.
01:18I think this was a major threat to the audience from the U.S. of Boras.
