Donald Trump announced sweeping tariffs on the largest trading partners.

Malaysia is not spared. Tariff charged to the USA = 47%; USA discounted reciprocal tariffs = 24%.

1. What does "tariff charged to the USA" mean?
2. What does "USA discounted reciprocal tariffs" mean?
3. How will these tariffs impact trade? How does it affect the exports from Malaysia to the USA? How does it affect the imports to Malaysia from the USA?
4. Are we going to be (directly) paying higher prices? For what goods?
5. How can Malaysia lower the tariff rate?
6. How did USA determine the figures of 47% and 24% above?
7. How serious is this "issue"? How bad are these tariffs for our economy?

Appreciate if we can get high quality input on this. Information is scarce at the moment.

Thanks!



This post has been edited by contestchris: Apr 3 2025, 08:20 AM