Last week, the world watched as US President Donald Trump made headlines once again – this time by declaring “Liberation Day”.
But instead of fireworks and parades, he brought out a sweeping new tariff regime. At the heart of it? A universal 10% tariff that spares no one – not even a remote, uninhabited territory like Heard Island and McDonald Islands, best known for its penguins.
Beyond the universal tariff, Trump also unveiled “reciprocal tariffs” – targeted duties that vary by country. China faces a crushing 54%, Vietnam 46%, Thailand 26% and Malaysia 24%, among many others. Even supposed allies like the EU received a 20% tariff.
But what do these numbers mean, exactly? How will they affect Malaysia and Asean?
To help us make sense of it all, BFM speaks to Yin Shao Loong, the deputy director of research at the Khazanah Research Institute. He breaks down the ‘logic’ (or lack thereof) behind Trump’s tariff policy, the impact it could have on the region, and how Malaysia should navigate the storm.
Presented and produced by: Dashran Yohan/BFM
- Tegakkan maruah serta kualiti kehidupan rakyat
- Galakkan pembangunan saksama, lestari serta tangani krisis alam sekitar
- Raikan kerencaman dan keterangkuman
- Selamatkan demokrasi dan angkatkan keluhuran undang-undang
- Lawan rasuah dan kronisme
