Lim Guan Eng urged the Malaysian government to suspend cost-increasing policies like tax hikes, electricity tariff increases, and floating RON95 petrol prices to ease the burden on industries facing US tariffs. Speaking in Parliament, the Bagan MP warned that without support, SMEs’ GDP contribution could drop to 35%. He proposed an economic stimulus, banking relief for borrowers, and a 50% local content rule for investors to protect local businesses. Lim also called for stronger anti-dumping enforcement. Prime Minister Anwar Ibrahim announced RM1 billion in financial guarantees for SMEs to counter the 24% US tariffs, currently paused for 90 days.
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