00:00The United States has imposed a 24% tariff on Malaysia as part of President Donald Trump's
00:08sweeping wave of trade measures.
00:11Malaysia ranked 11th on the reciprocal tariff chart Trump presented during his long-awaited
00:15announcement.
00:17According to the chart, Malaysia imposes a 47% tariff on U.S. goods, while the U.S. will
00:23reciprocate at half that rate.
00:25Other nations facing steep tariffs include China at 34%, the European Union at 20%, Vietnam
00:33at 46%, Sri Lanka at 44%, Cambodia at 49%, Laos at 48%, and Myanmar at 44%.
00:43Trump stressed that these reciprocal tariffs were a response to duties and other non-tariff
00:48barriers put on U.S. goods.
01:18A baseline 10% tariff on all imports will take effect on April 5th, with higher duties
01:44starting April 9th.
01:46Trump's announcement could put Asian equities under pressure as financial markets open Thursday.
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