No SST on US fruits, reciprocal tariffs exemptions secured in new deal
Prime Minister Anwar Ibrahim and US President Donald Trump have signed an extensive agreement on reciprocal trade.
Under the deal, the reciprocal tariff rate for Malaysia is maintained at 19 percent.
Prime Minister Anwar Ibrahim and US President Donald Trump have signed an extensive agreement on reciprocal trade.
Under the deal, the reciprocal tariff rate for Malaysia was maintained at 19 percent.
However, Malaysia secured an agreement that a broad list of goods exempted from reciprocal tariffs under Trump's executive order in April will remain in place.
This included semiconductors and other electronic components - a major Malaysian export to the US.
Another highlight of the deal is that Malaysia would not impose any quotas on the export of critical minerals and rare earth to the US.
For the Malaysian consumer, the new deal also saw Putrajaya agreeing to exempt US agricultural and seafood products from the sales and service tax (SST).
This would mean that US-grown fruits would join apples, oranges, dates, and mandarin oranges that are exempted from SST.
The halal logo of any US-based halal-certified product designated by the Islamic Development Department will also be allowed for the Malaysian market.
The full agreement and its annexes and appendix are attached below.
