Malaysia has declared the trade deal with the U.S. invalid after the Supreme Court ruled Donald Trump‘s tariffs imposed under the International Emergency Economic Powers Act (IEEPA) illegal in February.
Datuk Seri Johari Abdul Ghani, Malaysia’s Investment, Trade, and Industry Minister, told reporters that the U.S.-Malaysia Agreement on Reciprocal Trade (ART) has been rendered ineffective. “It is not on hold. It is no longer there, it’s null and void,” said Johari, the New Straits Times reported on Sunday.
Johari told reporters that if tariffs were being justified based on a trade surplus, the authorities should clearly specify the industry involved and not impose blanket tariffs.
You know you fucked up when Southeast Asia doesn’t want you anymore.
Well, that’s only logical, because contracts are generally void if one party fails to adhere to the terms of the agreement.
Since this “art of the deal,” which the orange pedo thinks he’s so good at, simply consists of breach of contract and subsequent blackmail, he shouldn’t be surprised.
It would be great if other countries had just as much guts, instead of letting themselves be blackmailed by this criminal.
Trump rn…
So cold right now
I’m scared that this policy will threaten Malaysian workers since US is the biggest buyer of Malaysia’s E&E products :/ official source.
Notable export growth underpinned by record-high shipments to traditional trading partners, namely ASEAN, the United States (US), Taiwan and the European Union (EU), reflecting Malaysia’s strong integration into high-value, technology-driven global supply chains. This performance was achieved despite rising global uncertainties, including geopolitical tensions, supply chain realignments and rising risks of protectionism. Exports to the People’s Republic of China (China), however, expanded at a more moderate pace.
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