Malaysia, US close to sealing trade deal, says Tengku Zafrul
Malaysia and the United States (US) are close to sealing a trade deal, with the signing expected to be confirmed on Sunday at the 47th Asean Summit, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.
“We are in the final stage of negotiations. I can confirm on Sunday,” he said at a press conference after the 26th Asean Economic Community Council meeting here today (24 Oct 2025).
Tengku Zafrul said tariff negotiations were being conducted bilaterally between the US and individual Asean countries, including Malaysia.
“For other countries, the negotiations have been ongoing. We will see whether there are any agreements that will be concluded and signed during Donald Trump’s visit to Malaysia,” he said.
US President Donald Trump is scheduled to attend the Asean Summit on Sunday.
Malaysia was earlier hit with a 19 per cent tariff on exports to the US. Washington has also announced plans to impose a 50 per cent tariff on kitchen cabinets, bathroom vanities and related products, as well as a 30 per cent tariff on upholstered furniture.
