Transhipment activities have not yet been fully clarified in terms of enforcement implementation as the US has not outlined in detail the categories of such activities, says the ministry of investment, trade and industry (Miti).
Miti, in a written reply published on the Parliament website today, said that on July 31, US president Donald Trump had announced a new executive order on reciprocal tariff rates, with Malaysia being imposed a 19% rate effective Aug 7.
“The latest US executive order stipulates that goods identified by the United States Customs and Border Protection (CBP) can be subject to tariffs of up to 40% instead of the original reciprocal rate,” it said.
The ministry noted that transhipment activities are not in conflict with the laws of…