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Labour group warns of job losses from US’s 24% tariff on M’sia
Free Malaysia Today
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9 months ago
#fmtnews
#reciprocaltariff
#joblosses
#llrc
LLRC says the tariff could force foreign manufacturing companies to relocate from Malaysia, leading to factory closures and job losses.
Read More:
https://www.freemalaysiatoday.com/category/nation/2025/04/03/labour-group-warns-of-job-losses-from-uss-24-tariff-on-msia/
Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.
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#FMTNews #ReciprocalTariff #JobLosses #LLRC
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00:00
A labor group fears that tens of thousands of Malaysian workers could end up losing their
00:07
jobs following the U.S.'s decision to impose a 24% reciprocal tariff on Malaysian imports.
00:14
The Labor Solidarity and Learning Resources Association said Malaysia has seen an influx
00:19
of investments and new manufacturing plants being set up following the U.S.-China trade
00:25
war and as part of de-risking from geopolitical tension.
00:29
LLRC Secretary-General N Gopal Kishnam said this had created better job opportunities
00:35
for workers and brought new technology to Malaysia.
00:38
However, he said the new tariff could force the same manufacturing companies to decide
00:43
to relocate their operations away from Malaysia, leading to factory closures and widespread
00:49
job losses.
00:50
Gopal urged Putrajaya to reduce its dependence on foreign direct investments and to fall
00:55
back on domestic demand instead.
00:58
He suggested offering incentives for local industrialists to invest in the Malaysian
01:02
manufacturing field and other sectors in order to generate more jobs domestically.
01:08
He also urged the U.S. government to reconsider its tariff policy and seek a win-win solution
01:13
with the affected countries, saying a trade war would only result in losses for all parties.
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