Malaysia said on Monday it would require trade permits for all high-performance chips meant for artificial intelligence (AI) and sourced from the United States, as Kuala Lumpur scrambles to negotiate down punitive American tariffs set to kick in on August 1.
Last week, US President Donald Trump slapped a 25 per cent tariff on Malaysia, part of a broader move by the mercurial leader to address what he described as “unsustainable trade deficits” between the world’s largest economy and its trade…
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