KUALA LUMPUR, April 13 — Malaysia is preparing for years of potential economic fallout following sweeping US tariffs imposed by President Donald Trump, which are expected to impact key trading and investment flows. Investment, Trade and Industry Minister Datuk Seri Tengku Zafrul Abdul Aziz said the government is actively assessing mid-to-long-term effects, warning of reduced demand, cautious investor sentiment, and potential disruptions across various sectors.
Speaking at a briefing, Tengku Zafrul noted the country’s close economic ties with the US and highlighted concerns over dumping of cheaper imported goods and declining economic output. Despite these risks, he said Malaysia’s moderate tariff rates and competitive palm oil exports could help soften the blow. The government is reviewing its 2025 GDP growth target amid market volatility, as the ringgit weakens and local stock indices drop in response to global uncertainty.
