Malaysia poised to gain as companies shift production from China amid Trump’s tariff threat

📆 11/8/2024 9:45 AM
📰 malaymail

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Thailand,Economy,China

President-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...

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South-east Asia — with auto and electronics factories from Thailand to Vietnam and Malaysia — will likely benefit at China’s expense, said two executives, two business groups, a lawyer and an analyst in the region. “There was a relocation to South-east Asia, but this round is going to be more intense,” she said, referring to Trump’s 2017-2021 first term.

Construction begins this month on an Amata industrial park in Laos, where China has built a high-speed rail line connecting Kunming in southwestern China to the Laotian capital Vientiane, he said. “I believe this will happen,” told reporters yesterday. “The Americans love us, the Chinese love us — we don’t have to choose sides.”

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