The US has agreed to consider granting tariff exemptions — specifically zero tariff rates — for several commodity products proposed by Malaysia, including palm oil and cocoa, which are expected to be finalised next month.
President Donald Trump's administration said on Wednesday it was formally implementing the U.S. trade agreement with the European Union, confirming that a 15% duty rate for EU autos and auto parts began on August 1 and listing tariff exemptions for generic pharmaceuticals, aircraft and aircraft parts.
Britain’s vehicle production dropped 18.2% in August to 38,693 units, industry data showed on Thursday, with attention now on how a cyberattack that has shut Jaguar Land Rover’s plants will hit September production.
Oil prices eased in Asian trade on Thursday, retreating from the previous session's seven-week high, as investors took money off the table in anticipation of slower winter demand and the return of Kurdish supplies.
China’s automotive sector is targeting annual sales surpassing 40 million vehicles within the next five years, as forecast by the China Passenger Car Association (CPCA) secretary general, Cui Dongshu.
Japan remains one of Asean’s largest trading partners and investors, with total two-way trade reaching US$236.4 billion (RM993.6 billion) last year, said Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz.