Malaysia Urges Chinese Companies to Avoid 'Rebadging' Products

KUALA LUMPUR: Malaysia has urged Chinese companies to refrain from using it as a base to"rebadge" products to avoid US tariffs, its Investment, Trade and Industry Deputy Minister Liew Chin TongWashington is expected to further curb exports to Chinese semiconductor toolmakers and sales of certain chipmaking equipment, including products manufactured in Malaysia, Singapore and Taiwan, sources have told Reuters.

Malaysia is a major player in the semiconductor industry, accounting for 13% of global testing and packaging, and is seen as well-placed to grab further business in the sector as Chinese chip firms diversify overseas for assembling needs. "Over the past year or so... I have been advising many businesses from China not to invest in Malaysia if they were merely thinking of rebadging their products via Malaysia to avoid US tariffs," Liew told a forum on Monday .Liew said regardless of whether the United States had a Democratic or Republican administration, the world's largest economy would impose tariffs, as seen in the solar panel sector.

Washington imposed tariffs on solar exports from Vietnam, Thailand, Malaysia and Cambodia - home to factories owned by Chinese firms - last year and expanded them in October following complaints from manufacturers in the United States. US President-elect Donald Trump has threatened to slap an additional 10% tariff on all Chinese imports when he takes office on Jan. 20.- ReutersGovt allocates over RM127mil for monsoon season aid

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Anwar sees rising interest in Malaysia among Chinese investors, companiesSINGAPORE: A practising lawyer found himself standing sheepishly in the dock of the State Courts on Wednesday (Nov 6), after an alcohol-fuelled night out at Zouk nightclub in 2022.
Sumber: staronline - 🏆 4. / 75 Baca lebih lajut »

Six Malaysia-based companies sanctioned by US for alleged links to Russian manufacturing sectorKUALA LUMPUR: Six Malaysia-based companies are among the nearly 400 entities and individuals that have been sanctioned by the US State Department for ...
Sumber: theSundaily - 🏆 25. / 51 Baca lebih lajut »

Malaysia poised to gain as companies shift production from China amid Trump’s tariff threatPresident-elect Trump has threatened 60 per cent tariffs on US imports from China Thailand, Vietnam, Malaysia see signs of factories relocating from China Chinese investments...
Sumber: malaymail - 🏆 1. / 86 Baca lebih lajut »

US urges vigilance on Chinese investment as Xi opens Peru portLIMA: The United States on Thursday called on Latin American nations to be vigilant of Chinese investment as President Xi Jinping was inaugurating a m...
Sumber: theSundaily - 🏆 25. / 51 Baca lebih lajut »

MIDA identifies 12 Egyptian companies interested in investing in MalaysiaCAIRO: The Ministry of Investment, Trade and Industry (MITI) through its agency the Malaysian Investment Development Authority (MIDA) has identified 1...
Sumber: theSundaily - 🏆 25. / 51 Baca lebih lajut »