Don’t splurge, brace for US tariff impact, consumers told


KOTA KINABALU: Consumers have been warned to brace for potential economic challenges, including saving more, following the United States’ decision to impose a 24% tariff on goods from Malaysia.

National Consumer Foundation Sabah chapter chairman David Chan expected the move could affect industries that exported heavily to the US, leading to production slowdowns, job cuts, and increased pressure on the labour market.

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Tariff , Consumers , David Chan , Exports , Labour , Economic , Saving , Jobs

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