U.S. tariffs will not trigger recession - Zafrul - Video Dailymotion

Malaysia remains competitive with average U.S. tariff levels compared to its regional peers, says MITI Minister Tengku Datuk Seri Zafrul Abdul Aziz.

Transcript

00:00Malaysia remains competitive in terms of average U.S. tariff levels compared to its original peers.

00:06Investment Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz says

00:10countries impacted by the tariffs may experience slower growth but not necessarily fall into recession.

00:18However, he warned that any slowdown in the U.S. economy, which accounts for nearly 27% of global GDP,

00:25could have far-reaching consequences. He said one concern would be whether the tariffs affect demand

00:31for Malaysian goods exported to the U.S. Zafrul noted that Malaysia was already expecting a lower

00:37growth rate this year. Last month, Bank Negara Malaysia revised its 2025 growth forecast to

00:44between 4% and 4.8%, down from the previous projection of 4.5% to 5.5%.

00:55Bank Negara Malaysia