Round-the-clock breaking news from Malaysia.
New US Section 301 tariffs are expected to have limited immediate impact on Southeast Asian exports thanks to widespread product exemptions and lower effective rates, though an ongoing probe into excess capacity poses longer-term trade and geopolitical concerns.
Malaysia has secured a 10% tariff rate under US Section 301 forced labour measures, placing it among 17 economies in the lower tier. The rate takes effect July 24, recognising Malaysia's labour enforcement commitments.
Brazil has rejected newly imposed 12.5 per cent US tariffs, dismissing forced labour allegations as a smokescreen for protectionism. The country plans immediate WTO dispute settlement proceedings.