US-Malaysia Trade Negotiations - Negotiations with the US are ongoing, with the timeline extended to August [1][2] - Malaysia seeks to engage all stakeholders to reach a conclusion in negotiations [4] - Key issues under discussion include agriculture standards and recognition of the digital economy [5] - Malaysia aims for mutual recognition of various standards, especially in agriculture [16] - Malaysia emphasizes the need to address the trade imbalance, highlighting its positive trade surplus with the US, which is based on the US numbers, it's about 25 billion USD in 2024 [13][14][15] Tariffs - Malaysia's average tariff to the US is around 56% [6] - While initially aiming for a 0% tariff rate, the discussion now focuses on an average tariff, with a potential floor of 10% [7] - Some sectors like semiconductors and pharmaceuticals may remain exempt from the 10% tariff [8] Economic Impact and Mitigation - Potential multiple tariffs could impact Malaysia's economy by 50 to 100 basis points (0.5% to 1%) in 2025, depending on the scope and exceptions [24] - Malaysia's GDP growth is forecasted at 45% to 55% [25] - Mitigation strategies include diversifying markets, increasing access to existing markets, and supporting exporters [27] Multilateralism and Trade Relations - Malaysia supports the principle of multilateralism and engages with all countries, believing in a rule-based multilateral order with the WTO at its core [19][20] - Malaysia is applying to be a member of BRICS, viewing it as an important platform for trade and investment, similar to the EU, DCC, and RCEP [17][18] - ASEAN member countries are engaging with the US and have agreed not to take retaliatory measures [22][23]

Core Perspective - The "International Editors-in-Chief Roundtable" emphasized the importance of enhancing cross-cultural dialogue and practical cooperation between China and Latin America to create a more balanced and inclusive international media landscape [1]. Group 1: Economic and Cultural Exchanges - Malik Sullemana highlighted the necessity of deepening economic and cultural exchanges between China and Latin America, envisioning a partnership based on shared destiny [3]. - Camila Escalante pointed out that the current global media environment requires cooperation founded on mutual respect and trust, with China–Latin America collaboration serving as a constructive model [3]. Group 2: Civilizational Exchanges and Technological Collaboration - Belal Deeb noted that civilizational exchanges between China and Latin America have advanced progress in education and technology, providing pathways for multicultural coexistence [4]. - Angelica Maria Sánchez Reyes observed that civilizational dialogue and technological collaboration are creating impacts that extend beyond traditional trade models [4]. Group 3: Achievements in Cultural Understanding - Bai Long reported that China has established nearly 200 sister-city partnerships with 17 Latin American countries, with Confucius Institutes and cultural centers acting as bridges for mutual understanding [5]. - Under the Belt and Road Initiative, projects like the Port of Chancay symbolize deeper and higher-quality cooperation between the regions [5]. Group 4: New Channels of Communication - Liu Zhen emphasized that short videos have emerged as a new medium for connecting different cultures, fostering vibrant people-to-people exchanges through authentic and diverse content [6]. Group 5: Shared Goals and Multilateralism - Liu Hong concluded that both China and Latin American countries share rich civilizational experiences and similar modernization goals, stressing the importance of multilateralism and mutual learning in globalization [7].