Tengku Zafrul: Second Trump presidency could be good for Malaysia
Investment, Trade, and Industry Minister Datuk Seri Tengku Zafrul Abdul Aziz speaks at his ministry’s headquarters in Putrajaya on July 18, 2024. — Picture by Sayuti Zainudin
Thursday, 18 Jul 2024 3:11 PM MYT
KUALA LUMPUR, July 18 — Investment, Trade, and Industry Minister Datuk Seri Tengku Zafrul Abdul Aziz today said Malaysia would stand to gain if Donald Trump wins a second presidential term, as he could renew the trade war he previously launched against China.
The minister said Malaysia and others such as Singapore and Vietnam would benefit if firms operating in China relocate to escape increased US tariffs that Trump has pledged to impose if he were to regain power.
“For Malaysia and the region, it must be acknowledged that there has been a benefit, especially for Malaysia, Vietnam, and Singapore.
“This is because our country is perceived as neutral, resulting in an increase in market demand for products originating from our side,” he told reporters after announcing his ministry’s report card today.
Tengku Zafrul said that even under President Joe Biden, tariffs on Chinese semiconductors have already been ramping.
Trump and Biden the main contenders for the US presidential election in November this year.
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kt comments:
Not sure whether a Malaysian minister should be commenting on another country's presidential choice during pre-election??
Who is he dog-whistling to?
ReplyDeleteHopefully the Tengku is a skill and tough negotiator for any negotiation on behalf of MY to come. He may have to deal with some tough proposition.
ReplyDeleteIn the previous order not long ago, he, KJ were seen hobnobbing amongst the WEF crowd and who knows what they had gotten themselves into...