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Malaysia has launched anti-dumping investigations into coated steel from China, Taiwan and Vietnam, while simultaneously reviewing tariffs on prepainted steel coil shipments. The dual action reflects growing concerns over import pricing.
New US tariff measures will have limited immediate impact on ASEAN exporters thanks to widespread product exemptions and lower effective rates, though ongoing investigations and geopolitical tensions create significant medium-term uncertainty.
Vietnam's Foreign Ministry has rejected US tariff increases, arguing the decision overlooks Hanoi's genuine efforts to combat forced labour, including a newly issued import ban on goods produced through coercion.
Malaysia has secured placement in a lower tariff tier under US Section 301 measures, facing a 10% duty from July 24 rather than the steeper 12.5% imposed on other nations, reflecting Washington's recognition of the country's labour enforcement efforts.
Malaysia began facing a 10% tariff on exports to the US on July 24 following a forced labour investigation. The Ministry of Investment, Trade and Industry will continue engaging with American counterparts to address compliance concerns.
Brazil has rejected a 12.5 per cent tariff imposed by the United States and vowed to challenge the measure at the WTO, arguing the investigation misused labour standards as cover for protectionist trade policy.
The US has announced tariffs of up to 12.5 percent on South Korea, Japan and dozens of other trading partners after investigations into forced labour practices. The move follows the expiration of temporary global tariffs.
South Korea's Industry Minister Kim Jung-kwan is heading to Washington this week to negotiate with U.S. officials on trade matters, amid growing concerns about impending tariffs on Korean exports under U.S. trade law.
Prime Minister Anwar Ibrahim has instructed the Ministry of Investment, Trade and Industry and the Economy Ministry to work with manufacturers grappling with global supply chain disruptions and rising costs.
EU foreign ministers gather in Brussels to debate tougher measures against Israeli settlement expansion in the West Bank, but deep divisions among member states threaten consensus on new sanctions.
Malaysia's manufacturing federation has urged the US to adopt a measured stance on proposed Section 301 tariffs, warning that broad duties could harm compliant local producers and disrupt critical supply chains in electronics and semiconductors.
Malaysia's Investment Minister Datuk Seri Johari Abdul Ghani has urged the World Trade Organization to modernise its frameworks to address contemporary economic challenges including supply chain resilience and strategic competition among major powers.