00:00If you look at Switzerland, 61% to 31%, Indonesia, Malaysia, Cambodia, oh, look at Cambodia, 97%.
00:11We're going to bring it down to 49.
00:12They made a fortune with the United States of America.
00:15We will charge them approximately half of what they are and have been charging us.
00:20So the tariffs will be not a full reciprocal.
00:26I could have done that, yes, but it would have been tough for a lot of countries.
00:31Malaysia was one of 49 countries hit with reciprocal tariffs by the U.S.
00:36According to an executive order signed by U.S. President Donald Trump yesterday, Malaysia
00:41will face a 24% reciprocal tariff effective April 9th.
00:46Other countries include Cambodia with a 49% reciprocal tariff, Laos with 48%, Myanmar with
00:5445%, Thailand with 37%, Indonesia with 32%, Brunei with 24% and the Philippines with 18%.
01:04In the executive order, Trump said it was the U.S.'s policy to rebalance global trade
01:09flows by imposing an additional ad valorem duty on all imports from the 49 trading partners.
01:16He said the additional ad valorem duty on imports from the trading partners would start
01:21at 10% from Saturday and increase shortly after to the rate specified for their respective countries.
01:29Importers of goods from Singapore, which is not among the countries facing higher duties,
01:34will be subject to the standard 10% tariff.
01:37My fellow Americans, this is Liberation Day.
01:41Waiting for a long time.
01:45April 2nd, 2025, will forever be remembered as the day American industry was reborn, the
01:53day America's destiny was reclaimed, and the day that we began to make America wealthy again.
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