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♦️60% of Malaysia’s exports to the US such as semiconductors and pharmaceuticals are currently zero rated
♦️The exemption is given to some of Malaysia’s key exports such as palm oil, rubber products, cocoa, aircraft components and spare parts as well as pharmaceuticals, which collectively contribute up to US$5.2bil or 12% of total exports
♦️Cocoa and aircraft components positive for gcb, and some component makers in Malaysia, such as Coraza, Kobay, Sam and etc.
♦️No significant impact for plantations since Malaysia only exports about 2-3% of our palm oil to US
♦️transport and logistics could see some indirect benefits from higher trade activity, although most of Westports' volume remains intra-Asia
♦️Rubber products exempted. Malaysia represents the largest portion of glove imports to the US (57% as at July 2025). The exemption would be positive to Malaysian glove makers. However, Indonesia rubber products was also exempted in principal (Aug 26) but no updates since then.
