News & Reviews:   tariffs

Malaysia’s electricity supply remains stable for now, but rising global fuel prices could eventually push tariffs higher, according to the country’s economy leadership. The update comes amid ongoing volatility in global energy markets, which is starting to impact local generation costs.

The US Tariff set by President Donald Trump has caused a lot of problems. To address this issue, Prime Minister Datuk Seri Anwar Ibrahim has announced that the Malaysian Cabinet will meet this Friday to discuss the implications of a recent United States Supreme Court decision regarding tariff policy. His statement came during a media engagement after attending an iftar event and the launch of a Ramadan community programme in Kuala Lumpur on Sunday.

In a significant trade policy shift, the U.S. government has halved additional tariffs on Chinese imports that heavily impact Apple and its supply chain. The extra duty, previously set at 20%, has been reduced to 10%, following high-level discussions between U.S. and Chinese officials.

As Sony faces financial pressure from US tariffs on Chinese-made goods, the company is reportedly contemplating a price increase for its PlayStation 5 (PS5) consoles in the United States. The 90-day suspension period for the new tariffs is coming to an end, making consumers and industry stakeholders closely monitor Sony's decisions.

According to the Times of India, Apple managed to transport five plans of iPhones and other Apple products from India to the US in just three days. An Indian official confirmed this to the source, as it happened during the final week of March to avoid the new tariff imposed by President Trump on 5 April 2025.

Earlier this week, US President Donald Trump announced new tariffs on imports from several countries including Malaysia (24%). This move would increase the prices of Malaysian goods in the US, which may result in less Americans buying them. While Malaysia has yet to respond, China has retaliated with a new tariff rate.

Thanks to the new tariffs announced by President Trump, the tech industry is going to have a tough time in the market, particularly Apple. According to Reuters, the iPhone could get a drastic price increase of up to 30% or even more.

After some time regarding this news, it has finally happened. It was announced that the United States has imposed a 24% retaliatory tariff on imports from Malaysia. President Trump held a conference just yesterday announcing the news.