Glovemakers rally as US plans higher tariffs on Chinese gloves

KUALA LUMPUR: Rubber glove stocks emerged as both top gainers and among the most active on Bursa Malaysia in early Tuesday trade after the US announced it would raise tariffs on Chinese gloves.

Last Friday, the United States Trade Representative (USTR) announced plans to increase the tariff on Chinese medical and surgical gloves from the current 7.5% to 50% starting in January next year, with a further increase to 100% by January 2026.