US Tariffs Pose Minimal Threat to Sarawak's Diversified Economy

US Reciprocal Tariffs Pose Limited Threat to Sarawak's Economy Sarawak, Malaysia – The recent imposition of reciprocal tariffs by the United States on Malaysian goods is not expected to significantly impact the Sarawakian economy, according to Datuk Dr Malcolm Mussen Lamoh, the Deputy Minister of International Trade, Industry, and Investment for Sarawak. In a recent state assembly session, Dr Lamoh stated that "Sarawak exports to the US amounted to RM1.2 billion in 2023, which only contributed 0.9% to Sarawak's total export." This statement highlights the relatively small dependence of Sarawak's economy on trade with the US. The majority of Sarawak's exports are directed towards Asian markets, which accounts for 73.4% of its total export volume. This diversification of trade partnerships helps to mitigate the potential negative consequences of the US tariffs. The news report underscores the importance of economic diversification and the resilience of Sarawak's economy in the face of global trade uncertainties. The limited impact of US tariffs on Sarawak is a testament to the state's strategic trade partnerships and economic planning.