Trump's tariffs: Only uncertainty is certain

By: Tengku Zafrul Aziz

Nothing is certain but uncertainty when it comes to Trump tariffs!

The US has implemented yet another shift in their trade policy, pausing higher tariffs for numerous trading partners while simultaneously escalating its trade dispute with China.

We welcome this move while acknowledging that this volatility creates significant challenges for ASEAN economies.

These latest developments will certainly be among the topics of discussion at the ASEAN Economic Ministers’ Meeting that I will be chairing this morning.

Malaysia is actively assessing the implications of these changes and remains dedicated to collaborating with ASEAN partners to mitigate disruptions, enhance regional economic resilience, and advocate for balanced and predictable trade relations.

ASEAN unity and regional economic integration will be more crucial than ever before and we welcome the support of partners that share this vision and want to see us thrive.

Malaysia has and will continue to be an open, reliable trading and investment partner to all nations, including China and the US.

We remain committed to open communication and finding mutually beneficial solutions to the trade issue with America.

Moreover, Malaysia will continue its existing strategies of trade diversification and forging new markets as well as deepening existing ones as a hedge against the current uncertainties.

We will also intensify our economic reform agenda to ensure Malaysia’s competitiveness.

Our priority is to navigate this evolving landscape while safeguarding our nation’s economic prosperity.

Tengku Zafrul Aziz is Investment, Trade and Industry Minister. He first published this piece on his LinkedIn page.