00:00Investment Trade and Industry Minister Johari Ghani confirmed that the reciprocal trade agreement between Malaysia and the U.S. has
00:08been nullified.
00:10He said the U.S. Supreme Court ruling striking down tariffs imposed by President Donald Trump made the deal null
00:16and void, the New Straits Times reported.
00:19Johari said tariffs cannot be imposed without clear reasons, and if the reason is a trade surplus, the specific industry
00:26must be identified.
00:28Trump and Prime Minister Anwar Ibrahim signed the trade deal last October during the U.S. president's visit to Kuala
00:35Lumpur for the ASEAN summit.
00:37Last month, four PKR MPs urged Putrajaya to immediately suspend all steps and processes for ratifying the ART following the
00:46U.S. Supreme Court's verdict.
00:48The deal maintained the 19% tariffs on Malaysian goods, but certain products enjoyed zero tariffs under aligned partner trade
00:56lists.
00:57Trump has since said he will impose global tariffs of 15% to replace the tariffs scrapped by the court
01:03after he initially announced a 10% levy on all goods entering the U.S.
01:08Thanks foritnessher S셜.
01:09I'm Dr. Chagiriza, FMT.
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