Amid trade talks, Malaysia has agreed to increase purchases of technology and liquefied natural gas from the United States.
Kuala Lumpur will spend up to $150 billion over five years on American equipment for the semiconductor industry, aerospace, and data centers, said the country's Trade Minister Tengku Zafrul Aziz.
In addition, state-owned Petronas will buy $3.4 billion in liquefied natural gas from the United States annually. Malaysia also plans to direct $70 billion to cross-border investment in the United States to reduce the trade imbalance.
The parties are finalizing a joint statement on the results of negotiations regarding tariffs introduced during the Donald Trump administration. The country's Trade Minister noted that the agreements reached correspond to Kuala Lumpur's interests.
