Tech firms are reportedly hoping that Putrajaya can persuade Washington to drop tariffs on Malaysian-assembled Chinese goods.
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https://www.freemalaysiatoday.com/category/nation/2024/06/25/chinese-companies-looking-to-malaysia-to-help-them-avoid-us-tariffs/
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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.
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NewsTranscript
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.