00:00Former Finance Minister Lim Guan Eng has urged Malaysia to join forces with Canada, Mexico
00:07and China to oppose the tariffs imposed by newly elected U.S. President Donald Trump.
00:13Lim said tariffs posed a threat to sustainable economic growth and could cause global inflation.
00:20The Mayan MP said while Malaysia was not directly targeted by Trump's tariffs, the country
00:24would still face indirect repercussions.
00:27He said any impact on China's economy would inevitably affect Malaysia, as China had been
00:32Malaysia's largest trading partner for the past 15 years.
00:37Last week, Trump said Canadian and Mexican exports to the U.S. would face a 25 percent
00:42tariff, while goods from China would see an additional 10 percent tariff.
00:46To mitigate the impact of these tariffs, Lim urged the government to delay the implementation
00:51of the luxury goods tax and postpone targeted subsidies for RON95 to avoid floating its
00:56price on the market.
00:58Dhanushwaja Reza, FMT News.
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