Trump’s tariffs could
backfire on US firms in
Malaysia, says ex-MP
Charles Santiago says the tariffs would lead to higher production costs and product prices, which could force US firms to relocate operations.
Charles Santiago, who previously headed an economic and research centre, said that US semiconductor companies have a huge presence in Malaysia with over 200 US firms based in Penang.
Tariffs would lead to an increase in their production costs and in turn increase the cost of products and could force these US companies to move production to different parts of the world.
“Trump’s tariffs will end up hurting both American companies and Malaysia as these tariffs would have a knock on impact on other products which could result in increased inflation and ultimately job losses,” he told FMT.
US president Donald Trump has threatened to impose 100% tariffs on exports from members of the BRICS grouping of nations, which includes Malaysia, if they go ahead with replacing the US dollar as the international reserve currency.
Yeah Kim Leng of Sunway University said Malaysia must tread carefully as the country has a sizable export market in the US, especially in electronics and semiconductors. “If Malaysia is included in the tariff list, we need to craft appropriate policies to cushion the impact,” said Yeah, who is also an adviser to the government.
Yeah said one such policy that could cushion the impact of a tariff is to find strategies to pre-empt and to counter any unilateral tariff actions taken by the US.
Should that fail, a tariff response policy would be needed, working closely with industry to develop strategies to alleviate any negative impact on the Malaysian economy.
Yeah said prices could double overnight in industries such as medical gloves, semiconductors, and electrical components.
“Companies may choose to move their supply chains back to the US or shift to other countries, leading to a sharp decline in exports for Malaysia. This would have a knock-on effect on the economy,” he said.
However, Razman Latiff of Putra Business School said Malaysia should not be overly concerned, as the BRICS group had never explicitly sought to replace the US dollar with its own currency.
However, he agreed that Malaysia must closely monitor Trump’s tariff policies to avoid unintended consequences. “If there are implications, we should negotiate with the US to ensure there are no implications to the Malaysian economy.”
https://t.me/professor_patriot_official/32714
ReplyDeleteFirst Trump withdraws from the W.H.O. (which is under the U.N.), now he's withdrawing from the U.N. Human Rights Council
Only a matter of time before we're completely out of the United Nations.
BASED!
When is USofA getting out from the 5 member only security council?
ReplyDeletehttps://x.com/JohnS15966744/status/1886489508499054839?s=19
ReplyDeleteExecutive Order 13818😍
"We Have It All"
BQQM
https://t.me/WeTheMedia/117415
ReplyDeleteSaudi Arabia and the United Arab Emirates are seen by Russia as possible venues for a summit between U.S. President Donald Trump and Russian President Vladimir Putin, two Russian sources with knowledge of the discussions told Reuters.
Trump has said he will end the war in Ukraine as soon as possible and said he is ready to meet with Putin. Putin congratulated Trump on his election and stated he is ready to meet Trump to discuss Ukraine and energy.
Russian officials have repeatedly denied any direct contacts with the U.S. about preparations for a phone call between Trump and Putin, which would precede an eventual meeting later this year.
However, senior Russian officials have visited both Saudi Arabia and the UAE in recent weeks, according to the Russian sources, who spoke on condition of anonymity due to the sensitivity of the situation.
One source said there was still some opposition to the idea in Russia as some diplomats and intelligence officials were pointing to the close military and security links that both the Kingdom and the UAE have with the United States.
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https://x.com/MJTruthUltra/status/1886549317550240238?s=19
ReplyDeleteOooo boy 👀… This is huge! What are they hiding?
David Lebryk, the highest ranking official in the US Treasury Resigned after DOGE Wanted to Audit the Treasury Books
He was first put on administrative leave and then subsequently resigned.
This followed a dispute with Elon Musk's DOGE team over access to the U.S. government's payment system.
Apparently, DOGE discovered that Payment Approval Officers were instructed to ALWAYS approve payments, including to fraudulent and terrorist groups!
The treasury manages Trillions of dollars annually… This is it… this is what funds the heart of darkness.
President Trump and Elon Musk are going after the purse of the Deep State…
David Lebryk’s resignation says it all… they know what will be found, because now DOGE has access to it ALL.
Canada, Failed State? Incredulous? Because there were no prophets around, or prophets were persecuted in the first place?
ReplyDelete~~~~~
https://open.substack.com/pub/elizabethnickson/p/canada-is-a-failed-state-and-mark?utm_source=share&utm_medium=android&r=27ocwo
Canada is a failed state and Mark Carney is a Blackrock's trustee
Elizabeth Nickson
https://x.com/reBurningBright/status/1886555713117323748?s=19
ReplyDeleteTrump named dropped Saudi Arabia in reference to the US Sovereign Wealth Fund. That’s SIGNAL.
The Saudi Sovereign Wealth Fund was financed by assets seized during the 2017 anti-corruption purge, which was then transformed into a Public Investment Fund.
What’s [theirs] is ours.
Look like Delaware FAFO... look elon was the sacrificial target for the spotlighting...
ReplyDelete~~~~~
https://x.com/SawyerMerritt/status/1886271750582817058?s=19
NEWS: Delaware Governor Matt Meyer has issued a response to companies leaving Delaware:
"It's really important we get it right for @elonmusk or whoever the litigants are in Delaware courts,"—"We're cognizant that there may be some things that need to change. We're going to work on them."
https://x.com/nayibbukele/status/1886606794614587573?s=19
ReplyDeleteWe have offered the United States of America the opportunity to outsource part of its prison system.
We are willing to take in only convicted criminals (including convicted U.S. citizens) into our mega-prison (CECOT) in exchange for a fee.
The fee would be relatively low for the U.S. but significant for us, making our entire prison system sustainable.
Bring to mind the movie, Sicario...
ReplyDelete~~~~~
https://t.me/WeTheMedia/117429
After what may be the shortest trade war in history, Mexico and Canada have each committed 10,000 troops to their respective borders, while the US has reinforced its southern border with thousands of troops. These developments suggest the US military may be gearing up for potential action against out-of-control Mexican drug cartels, with the first step involving the collection of signals intelligence (SIGINT) through surveillance flights over cartel-controlled territories in Mexico.
Several open-source intelligence X accounts have posted flight tracking data of a US Air Force RC-135V/W Rivet Joint reconnaissance aircraft, indicating it may have conducted a SIGINT operation over the southern half of Baja California, a region home to heavily armed Tijuana Cartel and Sinaloa Cartel members.
"Wow, for the first time I have ever seen, a U.S. Air Force RC-135V "Rivet Joint" Signals Intelligence Platform from Offutt Air Force Base in Nebraska, is operating within Mexican Airspace, over the Gulf of California between Baja California Sur, Sonora, and Sinaloa," OSINTdefender wrote on X.
WarMonitor wrote on X, "American military RC-135V Rivet Joint surveillance plane has been taking a good look at cartel positions all over the western coast of Mexico today including in Sinaloa."
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