PETALING JAYA: Following the announcement of reciprocal tariffs by the United States, Malaysians seek clarification whether this will have any bearing on their day-to-day matters. Many are also unsure of what the tariffs will mean for regular Malaysians and hope that the government can explain the possible impact. Operations manager Johnson Wong, 35, asked whether there is...
PETALING JAYA: Key measures to help Malaysia withstand the coming global tariff storm from the United States (US) are currently under discussion, says the Investment, Trade And Industry Ministry. The ministry said among the measures being explored include possibly diversifying Malaysia’s current trade and investment interests as well as strengthening the country’s supply chains. It also said...
LONDON: World stocks, the dollar and oil all tumbled on Thursday as President Donald Trump’s drastic new U.S. trade tariffs stoked fears of a global recession and led investors to seek safe-haven assets like bonds and the yen. A new baseline 10% tariff on imported goods plus some eye-watering reciprocal tariffs on dozens of countries that...
KUALA LUMPUR: The ringgit closed slightly higher against the US dollar on Tuesday as broader macro forces kept a floor under the domestic currency despite the US tariff barrage rattling global markets. At 6 pm, the ringgit rose slightly to 4.4635/4680 from 4.4640/4680 at Monday’s close. SPI Asset Management managing partner Stephen Innes noted the biggest factor supporting the ringgit was rising...
LONDON: The dollar slumped 1% on Monday after a report said President-elect Donald Trump was mulling tariffs that would only be applied to critical imports, potentially a relief for countries that were expecting broader levies. The Washington Post reported that Trump's aides were exploring plans that would apply tariffs to every country - but only on...
KUALA LUMPUR: Malaysia has urged Chinese companies to refrain from using it as a base to "rebadge" products to avoid US tariffs, its Investment, Trade and Industry Deputy Minister Liew Chin Tong (pic) said on Monday, amid increasing export restrictions and concerns of a US-China trade war. Washington is expected to further curb exports to Chinese semiconductor toolmakers...
