It will help the Malaysian economy since it is lower compared to the 19% imposed earlier. “However, the final outcome on individual businesses will depend on the details of the new tariffs because there are many exemptions,” he said. Instead, he said, the concern for Malaysian export trade is the strengthening ringgit, which makes exports more expensive. “They should also provide clear guidance on the ongoing tariff refund process for any local businesses that are eligible. Kuala Lumpur and Selangor Indian Chamber of Commerce and Industry president Nivas Ragavan said the 10% global ­tariff could pressure Malaysia’s export competitiveness, particularly in key sectors like electronics and other manufactured goods.

Source: The Star February 22, 2026 01:28 UTC