US President Donald Trump's potential tariffs on Malaysian goods or those of its key trading partners could significantly impact trade ties and global supply chains. This raises concerns about a trade war and shifts in geopolitical alignment within ASEAN. Malaysia, however, has made strides in economic recovery and diversification, focusing on sectors like semiconductors, digital investments, and regional development. The country faces challenges like currency volatility and the need to mitigate tariff risks by strengthening domestic production and fostering strategic partnerships.
US President Donald Trump could impose tariffs on Malaysian goods or that of Malaysia’s key trading partners, says UOB’s Julia Goh., surpassing expectations thanks to its
The next step is to focus on digital investments and employ more sustainable production methods to reduce carbon emissions. In this vein, Malaysian automaker ProtonRegional development has been a key priority with incentives offered for investments across 21 sectors in selected states, including Perlis, Kedah, Kelantan, Terengganu, Sabah and Sarawak.For Malaysia, the path forward is clear - to diversify its economy and accelerate critical reforms.
The good news, compared with 2017 when Trump started his first term, is that Malaysia now has stronger macro fundamentals that provide underlying support for its currency. This is because they are now able to structure financing in ringgit to help mitigate foreign exchange risks and smoothen the volatility in the ringgit.Trump’s second term could lead to tariffs on Malaysian goods or that of Malaysia’s key trading partners.
As ASEAN chair of 2025, Malaysia will undertake high-level trade negotiations on behalf of the regional bloc.
Geopolitics TRADE WAR TARIFFS MALAYSIA ASEAN US DOLLAR GEOPOLITICS ECONOMIC DIVERSIFICATION SEMICONDUCTOR INDUSTRY
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