Core Insights - President Trump's attendance at the 47th ASEAN Summit indicates potential announcements of significant trade agreements, possibly a full free trade agreement with the US that eliminates reciprocal tariffs [1] - The visit is expected to bring new investment announcements from US businesses, particularly in the semiconductor sector, which is crucial for Malaysia [2] Trade and Investment - The US currently imposes a 19% general tariff on Malaysian exports, but semiconductor products are exempt from this tariff [2] - Malaysia's exports to the US increased by 18.2% year-on-year, reaching RM166.38 billion from January to September 2025 [4] - Imports from the US rose by 11.2% to RM104.50 billion during the same period, leading to a total bilateral trade growth of 15.4% year-on-year, amounting to RM270.88 billion in the first nine months of 2025 [5] Economic Relations - The US is seeking further concessions on non-tariff barriers to trade, which could enhance trade relations with Malaysia [4] - The 47th ASEAN Summit, chaired by Malaysia, emphasizes "Inclusivity and Sustainability," highlighting the importance of continued cordial relations between Malaysia, ASEAN, and the US [3][4]