Audi pauses US car imports over Trump’s new 25% tariff
MUNICH: German car manufacturer Audi has temporarily halted its imports of cars to the United States in response to US President Donald Trump’s tariff policies, reported German Press Agency (dpa). Citing an internal memo to dealers, the Automobilwoche trade magazine on Monday reported that the decision applies to all cars delivered to US ports after April 2, […]
Malaysia’s ASEAN chairmanship in 2025 crucial for countering US trade tariffs
By Abdul Hamid A Rahman KUALA LUMPUR: As the United States, under President Donald Trump, moves to reshape the global trading system to its advantage, Malaysia’s role as ASEAN chair in 2025 will be critical in charting the bloc’s next stage of economic growth. Sunway University’s Jeffrey Cheah Institute on Southeast Asia head, Professor Shandre […]
Increased tariffs expected to affect Sarawak’s SMEs
KUCHING: The increase in tariffs by the United States of America (USA) on Malaysian goods is expected to have an impact on Sarawak’s trade performance, particularly small and medium enterprises (SMEs) involved in the downstream processing of commodities such as palm oil, timber and specialised manufacturing products. Sarawak Patriots Association (SPA) chairman Datuk Dr Lau […]
Trump starts tariff talks with three countries
WASHINGTON, United States (US): US President Donald Trump held talks with representatives of Vietnam, India and Israel regarding the recently imposed tariffs on imported goods, reported Sputnik/RIA Novosti quoting a CNN report. Trump is in touch with the countries’ representatives to negotiate individual trade deals that could soften the proposed tariffs before next week’s deadline, […]
Sarawak draws international recognition despite tariff issues
SIBU: Sarawak’s development direction continues to draw international attention despite the looming challenge of tariff policy issues, said Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg. He said Sarawak was recently approached by the Bank of America to share its development strategies and renewable energy initiatives with Fortune 500 companies in the United States […]
Biting US tariffs and opportunities for ASEAN
LET’S not sugarcoat it – the U.S. is throwing its weight around; other countries are paying the price. Including ours. Under “reciprocal tariffs”, Washington has rearmed its trade policy. But let’s be honest: it’s less about fairness and more about flexing economic muscle. In doing so, not only is Washington risking its own economic influence, […]
USA tariff increase expected to impact Malaysia and global economy
KUCHING: The increase in tariffs imposed by the United States of America (USA) on various imported goods is expected to have both direct and indirect impacts on the country and the global economy in general. Senior lecturer at Universiti Keusahawanan Koperasi Malaysia, Professor Dr Abu Sofian Yaacob, said that goods exported directly to the USA […]
USA tariff impact more significant on West Malaysia than Sarawak
KUCHING: The latest tariff, amounting to 24 per cent imposed by the United States of America (USA) on Malaysia, is anticipated to have a more significant impact on West Malaysia as opposed to Sarawak. However, Sarawak Federation of Chinese Associations (SFCA) president, Datuk Richard Wee Liang Chiat, said all affected industries may have to take […]
EU trade chief slams Trump’s new ‘Illegal’ tariffs
GENEVA, Switzerland: The head of the European Parliament’s International Trade Committee sharply criticised United States (US) President Donald Trump’s announcement of a new 20 per cent tariff on goods from the European Union late Wednesday as part of his long-promised vow to impose reciprocal tariffs on nations worldwide, Anadolu Ajansi (AA) reported. “While President Trump […]
Trump announces tariffs on all countries, including Malaysia at 24 per cent
KUALA LUMPUR: President Donald Trump announced yesterday that the United States (US) would introduce a baseline tariff of 10 per cent on all countries and higher duties on some countries, including Malaysia at 24 per cent. This could put Asian equities under pressure as financial markets open today. “While this caused an initial relief rally […]