Deficit risk with US even at 10% tariff
THE FUTURE forecasts that Malaysia’s exports to the United States will decline sharply from US$43.43bil in 2024 to just US$5bil in 2025, assuming the 25% tariff is implemented for full year 2025. This would effectively erase Malaysia’s trade surplus with the United States, which stood at RM72.4bil in 2024, and push it into a trade deficit of US$24.46bil. The actual impact will depend on ongoing negotiations and adjustments by Malaysian exporters.
This kind of structural pressure puts Malaysia in a position where the economic costs go beyond just numbers: it challenges our export competitiveness, employment and long-term investment attractiveness
13 July 2025 I bixmalaysia.com
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So how did we get here, and what must change to rebuild the value of a degree?
