Malaysia Seeks 20% Trump Tariff But Resists Some US Demands

Malaysia’s government is seeking to lower US tariffs threatened by President Donald Trump to about 20%, but is reluctant to meet certain demands around electric vehicles and foreign ownership, according to people familiar with the matter.

Prime Minister Anwar Ibrahim’s negotiators are seeking a tariff lower than the 25% that takes effect Aug. 1 — aiming for something closer to levels for regional neighbors Indonesia and Vietnam, said the people, who asked not to be identified given the negotiations are ongoing.