Malaysia must act now as 10pc US tariff not guaranteed ceiling, says industry expert
KUALA LUMPUR, Sept. 3 -- Malaysia should not regard the 10 per cent tariff currently imposed by the United States on its goods as a guaranteed ceiling, as Washington could review the rate if it is dissatisfied with the country's efforts to address its concerns, said industry practitioner Datuk Seri R. Jeyenderan.
He said while the 10 per cent rate offered some relief to Malaysian businesses compared with potentially higher tariffs, exporters should remain cautious as the US could take further action depending on the outcome of its investigations.
"Businesses should understand that 10 per cent is not a guaranteed ceiling. If the US is not satisfied with Malaysia's response or believes that the commitments made are not being properly impl...
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