Malaysia has declared the trade deal with the U.S. invalid after the Supreme Court ruled President Donald Trump‘s tariffs imposed under the International Emergency Economic Powers Act (IEEPA) illegal in February.
Johari told reporters that if tariffs were being justified based on a trade surplus, the authorities should clearly specify the industry involved and not impose blanket tariffs.
Johari emphasized that Malaysia must ensure its exporters comply with labor and environmental standards to avoid potential disruptions.
White House did not immediately respond to Benzinga‘s request for comments.
Uncertainty Looms Over Malaysia Trade Deal.
Notably, Trump had threatened to retaliate with "much higher" tariffs against any nation that attempts to use the recent US Supreme Court ruling to dismantle existing trade agreements.
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