US Tariffs: Malaysia’s proactive strategies come at critical time

Malaysia's government has unveiled a six-point plan to mitigate the potential economic impact of retaliatory tariffs from the US. The strategy includes monitoring economic indicators, continued negotiations, support for affected exporters (especially SMEs), strengthening regional ties and seeking new markets, accelerating development projects, and ongoing economic reforms. Experts believe this proactive approach will minimize the impact, particularly on the crucial electrical and electronic equipment sector, as long as global demand remains strong. Leveraging Malaysia's 2025 ASEAN chairmanship is seen as key to expanding market access and mitigating the impact on SMEs.