US steel tariffs raised from 25% to 50%, says Trump
HAMILTON (Canada): US President Donald Trump announced a major increase on Friday in tariffs on steel and aluminum imports, doubling the rate from 25 per cent to 50 per cent, in what he described as a move to further protect American industry. “Today, I have a major announcement,” Trump said during a rally at a US […]
Sarawak trade resilient despite US tariff moves
SARAWAK is expected to experience minimal direct impact from the United States’ reciprocal tariff despite rising trade tensions and uncertainties, says Deputy Premier Datuk Amar Awang Tengah Ali Hasan. However, he said Sarawak’s trade ties with key Asian partners remains strong, supported by Free Trade Agreements (FTA) to diversify and expand exports. “Malaysia as ASEAN […]
Trump confirms 50% tariffs on EU goods from June 1
WASHINGTON: United States (US) President Donald Trump on Friday said his decision to announce 50 per cent tariffs on European Union (EU) goods from June 1 is not a negotiating tactic, German Press Agency (dpa) reported. “I’m not looking for a deal,” Trump said in Washington. “But again, there is no tariff if they build […]
Sarawak adapts economic strategies amid US tariff impact, says deputy minister
SARAWAK will continue to refine the state’s economic policies by adapting to global trade dynamics, in line with proactive measures introduced by the federal government to address the impact of the United States’ (US) reciprocal tariff. International Trade, Industry and Investment Deputy Minister Datuk Dr Malcolm Mussen Lamoh said while the US-imposed tariff has disrupted […]
Malaysia eyes ‘win-win’ outcome in tariff talks with US
KUALA LUMPUR: The Investment, Trade and Industry Ministry (MITI) will consider introducing a special incentive package for businesses affected by United States (US) tariff after assessing its impact, in addition to evaluating its effect on the country’s fiscal position. Its Minister Tengku Datuk Zafrul Abdul Aziz said the government will focus on reciprocal negotiations with the […]
Trump’s tariff policy and the rise of Chinese technology
By Mohd Ammyrul Ashraf Sairan A comprehensive analysis of the impact on the global economy and the future of Malaysia’s technological landscape AMIDST the escalating turbulence of the global economy, the tariff policies introduced by US President Donald Trump have exerted a profound and lasting impact on the international trade system. These protectionist measures not […]
Vietnamese exporters rush to act as US tariff delay offers 90-day window
HANOI: Vietnamese exporters are stepping up both short- and long-term strategies to mitigate risks from potential United States (US) import tariffs, following Washington’s decision to delay the new duties for 90 days. Industry experts say the delay presents a critical window for businesses to restructure operations and boost competitiveness, Vietnam News Agency (VNA) reported. According […]
Carmakers, Apple to get temporary tariff exemptions
WASHINGTON: US President Donald Trump has offered car manufacturers temporary exemptions from his extensive tariffs, stating that they need more time to adjust their supply chains to produce parts in the United States, German Press Agency (dpa) reported. Trump is currently considering how to assist some manufacturers but did not provide details on Monday on […]
TEGAS focuses on digital startups, rural development amid tariff hike
KUCHING: While Malaysia faces the pressure of a 24 per cent tariff hike, Tabung Ekonomi Gagasan Anak Sarawak (TEGAS) remains committed to shielding local digital startups and strengthening rural development across Sarawak. Speaking at the TEGAS Riang Ria Aidilfitri Open House at the TEGAS Digital Village, Urban Planning, Land Administration and Environment Deputy Minister, Datuk […]
Sarawak not significantly hit by US tariffs: Premier
KUCHING: Sarawak has not been notably impacted by the imposition of tariffs on imports from the United States (US), which came into effect today (Apr 9). Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg said Sarawak’s economy is not reliant on the US market. He explained that key commodities produced, such as liquefied natural […]