{"id":103698,"date":"2025-10-25T17:02:11","date_gmt":"2025-10-25T17:02:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/103698\/"},"modified":"2025-10-25T17:02:11","modified_gmt":"2025-10-25T17:02:11","slug":"malaysia-seeks-to-seal-us-trade-deal-hopes-for-no-tariff-hike","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/103698\/","title":{"rendered":"Malaysia seeks to seal US trade deal, hopes for no tariff hike"},"content":{"rendered":"<p>KUALA LUMPUR: Malaysia hopes there will be no increase in tariff rates as it looks to seal a trade deal with the United States when President Donald Trump visits Kuala Lumpur on Sunday (Oct 26).<\/p>\n<p>\u201cI hope that we can conclude the trade deal between the US and Malaysia,\u201d Foreign Minister Datuk Seri Mohamad Hasan told a press conference at the 47th Asean Summit and Related Summits on Saturday (Oct 25).<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/apicms.thestar.com.my\/uploads\/images\/2025\/10\/25\/3588251.jpg\" onerror=\"this.src=\" https:=\"\" style=\"float: left; width: 200px; height: 88px;\"\/><\/p>\n<p>\u201cWhat we are enjoying today is a 19% tariff and 0% on electrical and electronics (E&amp;E). Sixty per cent of our exports are E&amp;E,\u201d he said.<\/p>\n<p>\u201cIf we can maintain that, we will be very happy,\u201d added Mohamad<\/p>\n<p>In August, the US reduced its reciprocal tariff on Malaysian exports from 25% to 19%.<\/p>\n<p>Bilateral negotiations have been ongoing between Malaysia and the US in relation to the tariffs.<\/p>\n<p>Trump is set to arrive in Malaysia on Sunday morning in his first Asia tour as US President.<\/p>\n<p>He will head to Japan on October 27 and then to South Korea to attend the APEC summit.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"KUALA LUMPUR: Malaysia hopes there will be no increase in tariff rates as it looks to seal a&hellip;\n","protected":false},"author":2,"featured_media":103699,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[63982,50901,32638,32639,63985,72,113,61,60,63984,63983,63986],"class_list":["post-103698","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-malaysia-us-trade-deal","tag-asean","tag-asean-2025","tag-asean-2025-news","tag-asean-summit","tag-business","tag-economy","tag-ie","tag-ireland","tag-mohamad-hasan","tag-tariff-rates","tag-us-president-visit"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/103698","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=103698"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/103698\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/103699"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=103698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=103698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=103698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}