Malaysia-U.S. Trade Deal Nears Completion Ahead of Trump Visit

Malaysian Prime Minister Anwar Ibrahim announced that trade negotiations between Malaysia and the United States are nearly complete, with about 99.9% of the deal resolved and the remaining issues expected to be finalized in a cabinet meeting. These talks, described as tough, focus on key sectors including semiconductors, artificial intelligence, digital technology, and energy transition. The agreement aims to reduce tariffs, which had been raised by President Donald Trump, and strengthen bilateral trade and investment ties. The trade deal is expected to be concluded ahead of Trump's visit to Kuala Lumpur for the ASEAN summit, where discussions between U.S. and Chinese officials will also be closely watched. Anwar expressed hope for progress in U.S.-China trade relations, emphasizing Malaysia’s desire for high-value collaborations without compromising its national interests or relations with other countries. The ASEAN summit will also feature leaders from other nations, highlighting the event's significance as a regional platform for advancing trade and diplomatic engagements.