KUALA LUMPUR: The construction sector is largely insulated from the direct impact of Liberation Day, which brought tariffs to over 180 US trading partners at reciprocal rates ranging between 10% and 49% across Asean.
Nevertheless, Hong Leong Investment Bank (HLIB) Research said the far-reaching nature of the measures, if prolonged, would elevate potential second-order risks, which include a slowdown in trade-related jobs and a potential pullback in data centre contracts.
