Tag: tariff
Trump’s Tariff: A test to Malaysia’s trade resilience
Analysts predict that the long-term effects could shave off anywhere from 0.5% to 1.0% from Malaysia’s gross domestic product growth, depending on the duration of the measure.
Trump declares “Liberation Day” amid sweeping tariff policies
On April 2, 2025, Donald Trump delivered an hour-long speech declaring that the United States would remember this day as “Liberation Day”, marking a pivotal moment in reclaiming its “destiny.”
EU keeps door open to Trump tariff talks but readies for...
EU chief Ursula von der Leyen called the levies a "major blow to the world economy", coming on top of tariffs on steel and aluminium imports as well as cars and auto parts that have already hit the European Union hard.
US’s Asia-Pacific allies stung by Trump tariffs
Trump on Wednesday announced 10-percent levies on imports from around the world -- and extra duties on key trading partners.
Uncertainties shaping the global economy Implications for Malaysia and the world
Malaysia now faces critical policy decisions. With the U.S. and China increasingly at odds, the risk of economic decoupling has never been higher. If global trade splits into two competing blocs—one led by the U.S. and another by China—Malaysia will need to walk a fine line to avoid over-reliance on either power.
Japanese automakers warn of US tariff impact
The auto industry is a huge pillar of the Japanese economy, with about 10 percent of jobs there connected to the sector. Japan's Toyota is the world's top-selling carmaker.
Trump’s trade war and its ripple effect
To address this imbalance, policymakers and industry leaders should implement targeted initiatives to develop local expertise.
China says to slap fresh tariffs on Canadian farm, food products
Beijing's commerce ministry said a probe into those measures found that Canadian policies "disrupted the normal trade order and harmed the legitimate rights and interests of Chinese enterprises".
EU slaps extra tariffs of up to 35.3% on Chinese EVs
Chinese car giant Geely -- one of the country's largest sellers of EVs -- faces an extra duty of 18.8 percent, while SAIC will be hit with the highest at 35.3 percent.
