PETALING JAYA: With just one month remaining before the United States imposes a 24% tariff on all Malaysian goods exported there, exporters are expressing concerns that more than half of them will be negatively affected if Malaysia fails to secure a deal.
The Federation of Malaysian Manufacturers (FMM) said about 52% of local exporters expect demand to decline if the United States proceeds with its tariff hike, with nearly half anticipating profit margins to be slashed by over 30%.
