Maybank IB Research has downgraded the gloves sector to a “negative” as the risk outweighs potential returns.
PETALING JAYA: The latest US-China tariff rollback may not favour Malaysian glove makers as it could delay purchasing decisions due to ongoing uncertainty, say analysts.
The United States and China had reached an agreement to temporarily reduce reciprocal tariffs for 90 days, whereby the United States will cut the additional tariffs imposed on China imports last month from 145% to 30%, while China will lower its tariffs on US goods from 125% to 10%
