KUALA LUMPUR/HONG KONG: Malaysian firms are preparing to “act aggressively” to mitigate the fallout from expected new tariffs imposed by Washington when US president-elect Donald Trump returns to power next month amid market fears of intensifying trade wars.
Global supply chains were unnerved after Trump last week targeted the US’ three largest trade partners. He pledged a 25-per cent tariff hike on imports from Canada and Mexico, demanding that they clamp down on cross-border drug trade and migrant crossings.
