Chinese companies looking to Malaysia to help them avoid US tariffs

Free Malaysia Today

Tech firms are reportedly hoping that Putrajaya can persuade Washington to drop tariffs on Malaysian-assembled Chinese goods.  Read More: https://www.freemalaysiatoday.com/category/nation/2024/06/25/chinese-companies-looking-to-malaysia-to-help-them-avoid-us-tariffs/  Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------ Check us out at https://www.freemalaysiatoday.com Follow FMT on Facebook: https://bit.ly/49JJoo5 Follow FMT on Dailymotion: https://bit.ly/2WGITHM Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h Follow FMT on TikTok : https://bit.ly/3uKuQFp Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX Follow FMT LinkedIn - https://bit.ly/42YytEb Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------ Download FMT News App: Google Play – http://bit.ly/2YSuV46 App Store – https://apple.co/2HNH7gZ Huawei AppGallery - https://bit.ly/2D2OpNP  #FMTNews #LeeTingHan #Technology #ElectricVehicle

Transcript

00:00Chinese companies are considering the possibility of avoiding U.S. tariffs

00:06if they move manufacturing operations to Malaysia.

00:10Chinese-based tech firms are hoping that Malaysian officials can persuade Washington

00:15to forego the tariffs because the products will be assembled in the country,

00:19the Financial Times reported.

00:22However, a Malaysian government official told the newspaper that it was impossible for them

00:27to guarantee these Chinese firms that they would be able to do so.

00:31Meanwhile, Johor executive counselor Li Tinghan told FT that he had received a similar request

00:38from the head of a Chinese medical devices company.

00:42Li said he turned down the company's request,

00:45but his answer might change when the U.S. change its policies.

00:49China is facing the prospect of a new raft of tariffs imposed by the Joe Biden administration,

00:55which would particularly impact its electric vehicle exports to the U.S.

01:01Amira Hooda, FMT News.

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