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If Not Addressed, Tariff Shock Could Result In 50,000 Job Loss: MICC

Business Today LogoBusiness Today2d ago

If Not Addressed, Tariff Shock Could Result In 50,000 Job Loss: MICC - Business Today

Quick Summary:

The Malaysian International Chamber of Commerce and Industry has expressed deep concern over the recent imposition of 24% reciprocal tariffs on Malaysian exports by the United States, warning that the move could significantly disrupt the country’s export-driven economy and lead to widespread job losses if not addressed promptly.

Among measures that can be adopted includes a Tariff Cushioning Scheme, Trade Agreement Acceleration, an HS Code Defense Taskforce, a U.S.

President of MICCI, Christina Tee, stated, “This is one of the most consequential trade developments in recent years.


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Article Details

Author / Journalist: Editor

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-04 @ 09:06:19 (2 days ago)

News Timezone: GMT +8:00

News Source URL: businesstoday.com.my

Language: English

Article Length: 519 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Today

News ID: 27580481

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Main Topics: EconomyBusiness

Official Website: businesstoday.com.my

Year Established: 2001

Headquarters: Malaysia

News Last Updated: 2 days ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Publisher ID: #72

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