Brace for impact but don’t be overly worried

Free Malaysia Today

Economists and business groups give an assurance that while the reciprocal tariffs announced by the Trump administration on Tuesday may be significant, there are ways to moderate its ramifications.  Read More:  https://www.freemalaysiatoday.com/category/nation/2025/04/04/brace-for-impact-but-dont-be-overly-worried/  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 #Tariff #MIDF #DonaldTrump

Transcript

00:00According to experts, the imposition of a 24% reciprocal tariff on Malaysia by the Trump

00:07administration may result in moderate to significant impact on Malaysian economy and businesses.

00:14Economist Bajoy Bardai said the new tariffs could make the Malaysian economy less stable,

00:19with the share market taking a hit and the ringgit seeing a marginal decline following

00:22the unveiling of the reciprocal tariffs.

00:26He added that businesses in the US may push Malaysian exporters to lower prices or seek

00:31cheaper suppliers from other countries, leading to a drop in the volume of business for Malaysian

00:36exporters and a decline in profits.

00:39In the MIDF analysis, Head of Research Imran Yassin Yusof, Head of Strategy Syed Kifni

00:44Kamaruddin and Chief Economist Abdul Muezz Murhalim warned that Malaysian shipments to

00:49the US could be cut by 10%, which is significant given that the US market accounts for 13%

00:55of Malaysia's total exports.

00:57They said if the tariff hikes also weaken demand from countries such as Singapore, Taiwan,

01:01South Korea, Vietnam, Japan and China, it could lead to another 10% decline in shipments

01:07from Malaysia.

01:08However, Small and Medium Enterprises Association President Chin Chi-Siong sees the tariffs

01:13as an opportunity to renegotiate trade deals and reduce reliance on the US by exploring

01:19new markets.

01:20He also said Malaysia is less affected than Vietnam and Indonesia, giving local manufacturers

01:25a competitive edge, especially in sectors like electronics, rubber gloves and furniture.

01:31Narmada Raja, FMT.

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