The US is still Malaysia’s third-largest buyer for chip exports. The Southeast Asia nation is also responsible for packaging nearly 10% of the world’s semiconductors, and around 40% of its exports are electrical and electronic products. In 2024, the country sold over 575.45 billion ringgit-worth of semiconductors, equal to about $135 billion.

President Donald Trump on Wednesday levied a 50% tariff against Brazil, which produces more than a third of the world's coffee, citing, in part, the country's treatment of former President Jair Bolsonaro,

Marco Rubio meets with Russian foreign minister amid tensions over Ukraine and Trump releases tariff letters to trading partners.

Rubio and Wang's first face-to-face meeting since US President Donald Trump returned to office came as Washington and Beijing are locked in disputes ranging from trade to Taiwan;

KUALA LUMPUR (Reuters) -Philippine President Ferdinand Marcos Jr will meet U.S. President Donald Trump in Washington this month, Manila's top diplomat said on Friday, with an increased trade tariff on one of Washington's top defence allies set to be discussed.

Donald Trump's top trade negotiators have added more time to the clock after the White House failed to reach its 90 deals in 90 days target.

Earlier this year in April, Trump announced the “Liberation Day tariffs”, which included a 24% tariff on Malaysian exports as part of a broader global plan targeting roughly 49 more countries. He then paused it for 90 days to allow for negotiations.

Chip firms in Malaysia are holding back on investment and expansion as they await clarity on tariffs from the US, according to Malaysia Semiconductor Industry Association president Wong Siew Hai. “The companies are hoping that the US government will continue to exempt semiconductors from tariffs beyond Aug 1,

This chart shows the new tariff rates for 14 countries that received letters from Trump should they fail to reach a trade deal with the U.S. by August 1.

President Donald Trump revealed new higher tariff rates for more than a dozen countries after hitting Japan and South Korea first earlier in the day.