Malaysia Hit With 24% Tariff By The US In Retaliation For Imposing 47% On American Goods

According to FMT, this tariff, effective 9 April, is outlined in an executive order signed by Trump, targeting imports from 49 countries in an effort to rebalance global trade flows.

The reciprocal tariff policy, hinted at by Trump before his inauguration in January, has been progressively introduced and adjusted throughout his presidency.

The reciprocal nature of the tariff policy means it is 'done in return' for the tariffs imposed by other nations on the US.

During his address, Trump presented a chart revealing that Malaysia imposes a 47% tariff on the US, reported The Malaysian Reserve.

This means the US set its reciprocal tariff rate at 24%, which is half of Malaysia's 47% tariff.

Here are other nations hit by the reciprocal tariff, as reported by CBS News:
– Laos: 48%
– Madagascar: 47%
– Vietnam: 46%
– Sri Lanka: 44%
– Myanmar: 44%
– Bangladesh: 37%
– Serbia: 37%
– Botswana: 37%
– Thailand: 36%
– China: 34%
– Taiwan: 32%
– Indonesia: 32%
– Switzerland: 31%
– South Africa: 30%
– Pakistan: 29%
– Tunisia: 28%
– Kazakhstan: 27%
– India: 26%
– South Korea: 25%
– Japan: 24%
– Malaysia: 24%
– Cote d'Ivoire: 21%
– European Union: 20%
– Jordan: 20%
– Nicaragua: 18%
– Israel: 17%
– Philippines: 17%

Meanwhile, the following countries are subject to the flat 10% reciprocal tariff:
– United Kingdom: 10%
– Brazil: 10%
– Singapore: 10%
– Chile: 10%
– Australia: 10%
– Turkey: 10%
– Colombia: 10%
– Peru: 10%
– Costa Rica: 10%
– Dominican Republic: 10%
– United Arab Emirates: 10%
– New Zealand: 10%
– Argentina: 10%
– Ecuador: 10%
– Guatemala: 10%
– Honduras: 10%
– Egypt: 10%
– Saudi Arabia: 10%
– El Salvador: 10%
– Trinidad and Tobago: 10%
– Morocco: 10%