MITI to hold press conference to address latest US tariff – Tengku Zafrul
The Ministry of Investment, Trade and Industry (MITI) will be holding a press conference to address the latest reciprocal tariff rate of 25 per cent on Malaysian exports to the United States (US), said Minister Tengku Datuk Seri Zafrul Abdul Aziz.
“MITI has already issued an official statement on the current tariff position, and a press conference will be held at 6 pm at Menara MITI on Wednesday, following the Cabinet meeting,” he said.
Tengku Zafrul was speaking to the Malaysian media covering the country’s trade mission to three countries — Italy, France and Brazil, led by Prime Minister Datuk Seri Anwar Ibrahim.
The US has imposed a higher tariff of 25 per cent on any and all Malaysian products sent into the country, separate from all sectoral tariffs, effective Aug 1 this year.
