Lim Guan Eng wants govt backing for Malaysian business in tariff war
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.
“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.”
Read More News on Business News Malaysia
Read More News on Business News Malaysia
Government expands Budi Diesel quota to 300 litres monthly, aiding 200,000 pick‑up and jeep owners;…
Paris Baguette Malaysia is now fully integrated under Singapore HQ, enhancing operations and regional strategy…
Malaysian enterprises must modernize infrastructure strategically to harness AI, enhancing resilience and reducing costs effectively.
Vertiv opened its Johor manufacturing facility to expand AI infrastructure production, strengthen regional supply chains,…
Malaysia's manufacturing sector returned to expansion in June as stronger orders and production lifted PMI…
Southern Cable secured a RM403.6 million TNB contract extension, lifting its order book above RM1…
This website uses cookies.