“Malaysia, as Asean chair, will lead efforts to present a united regional front, maintain open and resilient supply chains, and ensure Asean’s collective voice is heard clearly and firmly on the international stage,” Anwar said during a video address posted on his social media channels late on Sunday.
We must acknowledge that this round of sweeping tariffs may just be the beginning
Like its regional peers, Malaysia opted not to retaliate against the tariffs while seeking engagement, but has refuted the Trump administration’s claim that it imposes a 47 per cent tariff on US goods.
Anwar said the government had set up a geoeconomic command centre and efforts were already under way to engage the US to find a “mutually acceptable solution”. He said the nation’s response would be “calm, firm and guided by Malaysia’s national interests”.
He reiterated earlier assertions that the country would not enter into a recession due to the tariffs, but said the government might review its gross domestic product growth targets for this year should the tariffs come into effect on April 9.