KUALA LUMPUR: The Malaysian ringgit has the potential to climb further to the 3.78 level against the US dollar following the US Supreme Court’s decision to strike down President Donald Trump’s tariff policy, with the move seen benefiting emerging markets like Malaysia.
This is on the view that the new tariff schedule of 15 per cent, which Trump announced soon after the court struck down his earlier International Emergency Economic Powers Act (IEEPA)-based tariffs last Friday, benefits emerging markets over developed markets, according to a report by CIMB Treasury and Markets Research.
