KUALA LUMPUR, April 7 -- Malaysia is preparing for a potential long-term impact on its economy due to US President Donald Trump's tariffs, which will affect nearly all of its trading and investment partners.

Minister of Investment, Trade and Industry Datuk Seri Tengku Zafrul Abdul Aziz confirmed that the government is actively addressing the tariffs' effects, Bloomberg reported today.

"We are one of the US's largest trading partners in Asean, and also one of the major recipients of US-based foreign investment," the minister was quoted as saying at a briefing today.

"We must therefore acknowledge that there will be mid-to-long-term impact."

He said the tariffs would lead to reduced demand, lower revenue, and cautious investment spendin...