Malaysia must be prepared to negotiate the next wave of potential American tariffs targeting key strategic sectors and products such as semiconductors, technology products and pharmaceuticals, rather than focusing solely on negotiating reciprocal tariff reductions with the US.

US-Asean Business Council (US-ABC) executive vice-president and chief policy officer Marc Mealy warned that although the 50 percent tariffs on aluminium and steel may not severely affect Malaysia in the near term, future tariffs imposed...