MALAYSIA’S fiscal mathematics just collided with geopolitical reality. US President Donald Trump’s announcement of 25% tariffs on Malaysian imports starting Aug 1 transforms an already precarious national budget equation into something approaching impossible.
Familiar complaints persist. Malaysia’s unity government has elicited complaints from supporters who expected swift delivery on campaign promises. Meanwhile, ministries brandish national strategies – the National Industry Master Plan 2030, the Madani Economic Framework, the National Energy Transition Roadmap, to name a few – now increasingly misaligned with shifting trade dynamics.
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