HONG KONG, April 8 – Malaysia warned on Monday of a “mid-to-long-term impact” from the US tariff increase as the country risked facing a slowdown in its exports to the world’s biggest economy and inbound investment.
Amid the global trade and market turmoil over Washington’s tariffs, Chinese President Xi Jinping’s coming visit to Malaysia as part of his regional tour has assumed greater significance over China’s perceived role as an economic stabiliser, South China Morning Post (SCMP) reported citing analysts.
According to SCMP, President Xi’s coming visit to Malaysia, Cambodia and Vietnam has turned attention to China as a potential economic stabiliser.
Tariffs of between 24 per cent and 49 per cent are set to be imposed by the US on more than half of the Association of Southeast Asian Nations’ (ASEAN) 10 members from Wednesday, following President Donald Trump’s announcement last week of sweeping levies that have upended global supply chains and triggered fears of a recession.
