PETALING JAYA: United States president-elect Donald Trump’s trade policy, which is set to take off next year, will impact Malaysia’s economy, either directly or indirectly, but the saving grace will be the nation’s robust domestic demand which will cushion the impact.
Despite the trade policy of imposing import tariffs on some countries, including Malaysia, economists remain bullish on the country’s economy and are projecting it to grow at a relatively encouraging growth of 4% to 5% next year.
