KUALA LUMPUR: The government needs to be fully prepared to face global economic uncertainty, especially following the recent tariffs imposed by the United States, says Datuk Seri Anwar Ibrahim.
The Prime Minister said all plans must be swiftly implemented to strengthen the country's economic resilience against any external shocks or disruptions.
Anwar, who is also Finance Minister, said this in a post on X after chairing a Special Sarawak State Development Meeting.
Also present were Sarawak Premier Tan Sri Dr Abang Johari Openg, Deputy Prime Minister Datuk Sri Fadillah Yusof, as well federal and state government leaders.
Anwar said the meeting also discussed the Sarawak Gas Roadmap and tax incentives by the Sarawak Development Bank, which have the potential to strengthen the state's economy and generate benefits for the people of Sarawak and Malaysia as a whole.
He added that the meeting also reviewed the direction and priorities of development projects in Sarawak to ensure alignment with the Federal government's plans.
US President Donald Trump announced on April 3 that the country would impose a minimum tariff of 10% on imports from all countries under its reciprocal tariff policy.
Asean Indo-China member states were the most affected by the new tariffs, with Cambodia facing a tariff of 49%, followed by Laos (48%), Vietnam (46%), Myanmar (44%), Thailand (36%), and Indonesia (32%).
Brunei and Malaysia are each subject to a 24% tariff, the Philippines is facing a 17% tariff, while Singapore has a baseline tariff of 10%.
These reciprocal tariffs are currently under a 90-day suspension period, except for China. – Bernama
