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The United States has announced punitive tariffs of 10-12.5% against 60 trading partners, including Malaysia's key regional neighbours, for inadequately enforcing prohibitions on forced-labour goods imports.
Malaysia's manufacturing federation is pushing back against proposed US tariffs linked to forced labour, arguing blanket duties could unfairly penalise responsible exporters and destabilise critical supply chains.
The 12-member CPTPP trade bloc has endorsed the recent US-Iran agreement and called for the Strait of Hormuz to remain open to protect global energy trade and supply chain stability.