‘Penang will be hard-hit by rise in export tax’


GEORGE TOWN: With Penang accounting for a large part of Malaysia’s exports to the United States, the new 25% tariff imposed by the Trump administration has raised concerns.

Between January and May this year, Penang accounted for 55% of Malaysia’s total exports to the United States, valued at RM52bil, says Chow Kon Yeow (pic).

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