Malaysia has declared the trade deal with the U.S. invalid after the Supreme Court ruled President 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.
Regarding the new review launched by the U.S. under Section 301 last week, the Trade Minister said key Malaysian export sectors that could be affected include electrical and electronics, oil and gas, plantation commodities such as …
This post was originally published here
