Last Monday (July 7), Donald Trump announced a 25% tariff on all Malaysian products entering the US, effective August 1.

The letter, detailing to PM Anwar, sought to escalate the Malaysia-US trade relations, which Trump previously agreed to lower Malaysia’s tariffs down to a baseline of 10% while exempting semiconductors.

The reason for the “new” tariffs, according to Trump, is to “eliminate the Trade Deficit disparity” the US has with Malaysia.

In the same week, Bank Negara Malaysia (BNM) lowered the Overnight Policy Rate (OPR) by 25 bps to 2.75%, citing “continued expa ...