Confusion over Malaysia-US trade deal as ‘null and void’ claim retracted
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Malaysia's government is facing uncertainty regarding a recently signed trade deal with the United States, valued at US$240 billion. The deal, signed in October, promised investments and purchases of American goods in exchange for a 19% tariff rate. Confusion arose after a US Supreme Court ruling in February challenged the legality of tariffs imposed by former President Trump. Malaysia's Trade Minister Johari Abdul Ghani initially stated the deal was "null and void" due to the ruling. However, his ministry later retracted the statement, claiming he misspoke, leaving the deal's current status unclear.
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