The US and European Union (EU) agreed on a hard-fought deal that will see the bloc face 15% tariffs on most of its exports, including automobiles, staving off a trade war that could have delivered a hammer blow to the global economy.
Malaysia can become a global food producer by emulating its success in the palm oil and rubber industries, according to the Malaysian Institute of Economic Research (MIER).
Malaysia is aiming for the lowest possible tariff on goods exported to the United States, its trade minister said on Thursday, denying reports that it is targeting a rate of 20%.
Malaysia’s semiconductor exports remained resilient, growing 15.7% in the first six months of this year alone (1 2025), outpacing overall export growth of 3.8%, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.
US business activity picked up in July, but companies asked higher prices for goods and services, supporting economists' views that inflation will accelerate in the second half of the year mainly because of tariffs on imports.
The number of Americans filing new applications for jobless benefits fell to a three-month low last week, pointing to stable labour market conditions, though sluggish hiring is making it harder for many laid-off workers to land new opportunities.