Malaysia becomes first country to cancel tariff deal with Trump

Malaysia on Wednesday officially confirmed that its trade deal with Washington had been terminated, after the US Supreme Court struck down President Donald Trump’s “reciprocal” tariffs.

Malaysia became the first country to terminate a similar agreement with the Trump administration after a court ruling last month, Nikkei reported.

Other countries, including Indonesia and Cambodia, are currently reviewing similar deals without ratifying them. Washington, however, has insisted that governments that signed them abide by them until the court’s ruling.

“The deal is not suspended. It is no longer there, it is invalid,” said Commerce Secretary Johari Abdul Ghani, commenting on the status of the document.

https://ukragroconsult.com/en/news/malaysia-becomes-first-country-to-cancel-tariff-deal-with-trump/

Malaysia becomes first country to cancel tariff deal with Trump

Malaysia on Wednesday officially confirmed that its trade deal with Washington had been terminated, after the US Supreme Court struck down President Donald Trump's "reciprocal" tariffs.

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