FMM calls for govt action to safeguard manufacturing sector amid US tariff pause

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The story "FMM calls for govt action to safeguard manufacturing sector amid US tariff pause" was covered 1 weeks ago by The Star, a news publisher based in Malaysia.

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The Star 1w ago

FMM calls for govt action to safeguard manufacturing sector amid US tariff pause - The Star

Quick Summary:

KUALA LUMPUR: The government should take decisive steps during the United States's (US) 90-day reciprocal tariff pause window to protect Malaysia's industrial base and long-term competitiveness, said the Federation of Malaysian Manufacturers (FMM).

"We have urged the government to conduct a comprehensive impact assessment on the implications of the SST expansion, particularly its effects on inflation, business sustainability, and consumer affordability,” he added.

"When combined with the upcoming electricity base tariff adjustment in July 2025, these measures will significantly increase business costs and prices of essential goods.