Trying times: The tariff would significantly impact manufactures like those in Bayan Lepas, Penang. — CHAN BOON KAI/The Star
JOHOR BARU: The 25% tariff imposed by the United States on Malaysia has sent jitters through the manufacturing sector, with many warning of cancelled orders and a potential wave of business closures.
The furniture industry, for one, fears losing business to Vietnam, which faces a 20% tariff, while some other industries are even thinking of relocating.
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Tariff Hike
,
Malaysia
,
US
,
ACCCIM
,
Trade
,
SME
,
SST
,
Malaysian Furniture Council
,
Keywords: Furniture Industry
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Muar Furniture Association
,
MFA
,
US Tariff
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25%
,
Manufacturing
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