Trade minister sees 19% reciprocal rate as 'fair,' with details to be finalized
The tariff deal with the U.S. demonstrates the strong bilateral relationship between the two countries, says Malaysian Trade Minister Zafrul Aziz. (Photo by Norman Goh)
KUALA LUMPUR -- Malaysia has secured a "win-win" tariff deal with the U.S., taking a comprehensive and systematic approach in deciding its final offer, the Southeast Asian country's trade minister said Friday.
Malaysia agreed to reduce or eliminate tariffs on 98.4% of American products, covering more than 11,000 items, such as industrial and agricultural imports.
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