Glove stocks a safe haven amid rising tariffs

Analysts reckoned that the prospects of rising tariffs on Chinese products will increasingly make Malaysian glove makers more competitive in the North American market.

PETALING JAYA: The rubber glove sector is starting to look like a safe harbour for investors amidst fears of higher tariffs and more stringent trade restrictions by the United States on China.

President-elect Donald Trump has vowed to impose a blanket tariff of up to 20% on every foreign import entering the United States, and a harsher 60% to 100% rate for Chinese goods.