Investment, trade and industry minister Tengku Zafrul Aziz says Malaysian semiconductor exports to the US are exempted from the 100% tariff announced by US president Donald Trump yesterday.
Malaysia is the world’s sixth-largest semiconductor exporter, and Tengku Zafrul today said that the tariff would have “serious implications” for major exporting countries like Malaysia.
“As of now, Malaysian semiconductor exports to the US remain exempt from these retaliatory tariffs,” he told the Dewan Rakyat
“However, this exemption is subject to review and could change at any time depending on the US administration’s policy direction.
In an event at a hotel here earlier in the day, Tengku Zafrul said ministry is working closely with Bank Negara Malaysia to assess the full impact of the tariff and its effect on various supply chains.
He also said about 65% of Malaysia’s semiconductor exports to the US come from American companies operating in Malaysia.
