M'sian semiconductor exports still exempted for now - MITI - Video Dailymotion

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Semiconductors exported to the U.S. will remain exempt from the 19% tariff that takes effect tomorrow, says Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

Transcript

00:00Semiconductor products exported from Malaysia to the US will remain exempt from the 19% reciprocal tarif that takes effect tomorrow.

00:09Investment Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz says,

00:14this is because Washington has yet to formally announce its plan to impose tarifs on semiconductor chips produced outside the US.

00:22The recently concluded negotiations with the US, between Malaysia and the US and of course the other countries as well,

00:30Semiconductor was excluded.

00:32So that 19% that Malaysia achieved during our negotiations with the US excluded semiconductor

00:41because semiconductor is seen as economic security and under the Security Act under Section 232,

00:48they are doing investigation.

00:51They have given a timeline until end of December and obviously that's too long for President Trump.

00:58So what has happened is that he said within a week we will know more details

01:03and I've reached out to my counterpart in the US as well.

01:08Separately in Parliament, Zafrul said his ministry would conduct outreach sessions with exporters and industry players across the supply chain

01:15to help mitigate the impact of any future semiconductor tariff.

01:19He added that the government will also encourage industry players to diversify export markets.

01:25Malaysia exported nearly RM120 billion worth of electrical and electronic products to the US in 2024,

01:33with semiconductor products alone making up RM60.6 billion.

M'sian semiconductor exports still exempted for now - MITI

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