While the world frets over the widening cracks in global trade, Malaysia sees a golden opportunity. With looming tariffs, shifting supply chains, and geopolitical uncertainty, many see a looming trade war. However, Malaysia’s strategic location, strong infrastructure, and proactive policies have positioned it to weather the storm and potentially emerge stronger. The country’s leaders are betting that Malaysia can become a hub for businesses looking to diversify their trade routes, reduce their exposure to tariffs, and tap into new markets.
Tag: International Trade
Steven Madden C.E.O. Says It Is Moving Production Out of China
Steven Madden, Ltd. is shifting production out of China as a result of rising operational costs in the country. Moving production will ease some of the financial burdens the company has been experiencing in recent years. In a news release, CEO Edward Rosenfeld said the company has already begun the process of diversifying its supply chain to reduce reliance on China. Rosenfeld said Mexico and Vietnam are seen as lucrative alternatives that will mitigate the impact of tariffs. The changes are expected to benefit the company in the coming years.
Trump’s New Tariffs Proposal for Mexico May Be His Most Deranged Yet
In a move that has drawn widespread criticism, the Trump administration has proposed imposing new tariffs on imports from Mexico. The suggested duties, which range from 5 to 25 percent, would apply to a wide range of products, including cars, fruits, and vegetables. If implemented, the tariffs would represent a significant escalation of the trade war between the United States and Mexico. Experts have warned that the tariffs would damage the economies of both countries and could lead to job losses. The Mexican government has vowed to retaliate if the tariffs are imposed, raising fears of a further deterioration in US-Mexico relations.