AGAIN with the Disparity Trump has faied to take into account services
thus his tariffswill ultimately fail because as each nation comes to the bargaining table
they actually have a stronger hand.
Malaysia
The 24% reciprocal tariff, part of a broader US trade policy targeting countries with which it has large trade deficits, will take effect on April 9. Some goods, such as semiconductors, will be exempted.(oh we need those dont tax them) PRICE INCREASE ON THE CARDS
In 2024, trade with the US, Malaysia’s third largest trading partner since year 2015, rebounded by 29.9% to RM324.91 billion compared with 2023. Trade with the country accounted for 11.3% of Malaysia's total trade, underscoring its importance to the nation's economy. (Just as Tourism is to Thailand 11% approx but we all know thats equalled by the black economy of tourism)
Malaysia maintains a trade surplus with the US, primarily exporting electronics, palm oil(worlds 2nd largest producer now in just about every Processed food and Cosmetics toiletries a price increase to offset tariffs its a closed market, ) and machinery to the world’s largest economy. However, the US enjoys a trade surplus in services with Malaysia, with many American firms operating in Malaysia for decades.
HE REALLY DOES NOT SEE THE BIGGER PICTURE anyone with brains would have done this gradually if he wants a return of manufacturing in one fell swoop you devalue global ecomies and the poor yanks maybe still propping up the bar in pattaya but they aint paying any bar fines this weekend 401 sinking baby
The majority of these triffs will fail or be dramatically reduced in what will be another embarrassing reversall
Meanwhile those billionaire buddies probably allegedly, knowing what was coming were trading their little hearts out yesterday making millions of the backs of the working man
Billionaire corruption.
As for the Penguins they are screwed