00:00Prime Minister Anwar Ibrahim said Malaysia will not compromise on its Bumi Putra policy during ongoing tariff negotiations with the US.
00:09Anwar said while Malaysia valued its trade and investment ties with the economic superpower,
00:15Putrajaya remains firm that there must be clear boundaries in the negotiations, Bernama reported.
00:30Anwar, who is also the Finance Minister, added that procurement and opportunities for local companies must be protected during negotiations with the US.
00:47Negotiations between Malaysia and the US have been ongoing following the announcement of a 25% tariff on Malaysian goods expected to take effect on August 1st.
00:57The Office of the US Trade Representative previously cited Malaysia's halal import rules and Bumi Putra equity requirements as barriers leading to the 24% tariff initially imposed on April 2nd.
