What trade agreement did Malaysia secure with the US at the summit?

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Malaysia Finalises Reciprocal Trade Agreement with US, Securing 19 Per Cent Tariff Rate

Malaysia has successfully secured a reciprocal trade agreement with the Trump administration, which finalises a 19 per cent tariff for Malaysian goods entering the American market. This agreement was reached during discussions at the 47th Asean Summit and Related Summits.
Semiconductor Tariffs Avoided

As part of the bilateral negotiations, US President Donald Trump agreed to exempt Malaysian semiconductors from tariffs. This understanding was reached during a private conversation between President Trump and Malaysian Prime Minister Anwar Ibrahim. This exemption is particularly significant given that Asean collectively supplies approximately 45 per cent of all US chip imports, with Malaysia alone contributing 20 per cent to this total.
Concessions Made by Malaysia

In return for the tariff concessions on semiconductors, Malaysia committed to specific actions. The nation agreed not to implement bans or quotas on the export of critical minerals or rare earth elements to the United States. Furthermore, Malaysia also made commitments to undertake other high-value purchases from the US.
Broader Trade Landscape at the Summit

The summit saw several bilateral trade agreements being finalised between the US and various Asean member states, including Cambodia, Thailand, and Vietnam, who also managed to maintain their existing tariff rates. These agreements were part of a larger effort to de-escalate trade tensions, with sideline talks between US and Chinese trade officials also yielding a "substantial framework" for a potential deal, according to US Treasury Secretary Scott Bessent. The positive outcome of these trade discussions contributed to an upbeat sentiment in financial markets.

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What trade agreement did Malaysia secure with the US at the summit?

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