MANY countries will be affected by the recently announced slew of US tariffs.
Malaysia is expected to face a 24% tariff on its exports to the United States. This does not bode well for our economy, as the US is Malaysia’s second-largest export destination, accounting for 14% (US$43.43bil or RM192.7bil) of total exports, after Singapore (16%), according to TradingEconomics.com.
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