News & Reviews:   tariff

During the weekend, President Trump made a U-Turn on his tariffs. As for now, the tariffs for electronics such as smartphones, computers, chips and other tech devices and components are exempted. However, an admin working for Trump said it's only temporary.

As everyone should know, President Trump's tariffs have caused a ruckus all over the world. But recently, he announced a 90-day pause and a "substantially lowered Reciprocal Tariff" of 10% to countries that did not retaliate against the tariffs he imposed. That said, China is not getting the same treatment, as Trump raised the tariff rate again to 125%.

Ever since President Trump announced a worldwide tariff on various nations, China also hit back at the US with a 34% tariff on imported US goods. This has triggered an impact on the Chinese automotive brands, which can affect original equipment manufacturers (OEMs) with manufacturing operations in Malaysia.

This week, Samsung was ordered to pay a penalty of $601 million (~RM 2.66 billion) to the Indian government after being found to have evaded paying tariffs on telecommunications equipment brought into the country. Samsung received a warning notice in 2023 after the equipment was sold to local telecommunications company Reliance Jio.

Transport Minister Anthony Loke Siew Fook has proposed for public transport operators in the country to be given a special electricity tariff, whether they’re public or private companies. This is meant to ease the operators’ financial burden and encourage growth.