Published: 14:51, June 22, 2025 | Updated: 14:59, June 22, 2025
Malaysia says US agrees to finalize trade talks before deadline
By Bloomberg

Trucks unloading container from a cargo ship at Westports in Port Klang on the outskirts of Kuala Lumpur on April 18, 2025. (PHOTO / AP)

Malaysia and the US have agreed to finalize trade negotiations before the tariff reprieve expires, Malaysia’s Ministry of Investment, Trade and Industry said.

“Both Malaysia and the US representatives expressed their intent to finalize the negotiations before the expiry of the 90-day pause on tariff implementation and agreed to intensify efforts to reach an agreement that would be mutually acceptable by key stakeholders from both countries,” according to a statement from the ministry on Sunday.

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Malaysia’s trade officials last week visited the US to negotiate with Trade Representative Jamieson Greer and the Secretary of Commerce Howard Lutnick.

Malaysia was hit with a 24 percent tariff on April before US President Donald Trump announced a 90-day pause and imposed a 10 percent levy on most countries. Malaysia is seeking to reduce the US charges to below 10 percent for sectors critical to both economies.

READ MORE: Malaysia says ASEAN plans US summit to discuss tariff concerns

Prime Minister Anwar Ibrahim said last week that Malaysia’s negotiations with the US to lower its tariffs on the Southeast Asian nation have been going well.