Modest export growth seen despite US tariffs

Malaysia recorded a 6.8% y-o-y increase in exports to RM140.45bil in July.

PETALING JAYA: Economists appear divided on whether the United States’ 19% tariff, which took effect on Aug 8, will significantly impact Malaysia’s exports.

An early indicator could be seen in Singapore, which earlier this week reported a further decline in exports for August, deepening July’s contraction as both electronic and non-electronic products were hit by US-imposed tariffs.