Lim Guan Eng urged the Malaysian government to support businesses struggling amid the US-China trade war and a 24% US tariff on Malaysia. He highlighted cash flow issues and reduced demand faced by companies, advocating for negotiations with the US to mitigate tariff impacts.
While supporting Prime Minister Anwar Ibrahim’s concerns about Malaysia’s vulnerability to global trade fluctuations, Lim emphasized the importance of engaging the US bond market to influence tariff policies. He cautioned against retaliatory tariffs, proposing financial and tax adjustments to aid small and medium-sized enterprises.
Quotes from Lim Guan Eng:
“Only when we are able to reach a consensus with the US while at the same time supporting our businesses, can we begin to reduce the impact on all parties.”
“The scale is simply too big to ignore. No one dares to challenge it, not even Trump. Therefore, negotiation is the only right approach.”
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