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Home Steel News Malaysia benefits the most from US-China trade war
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Malaysia benefits the most from US-China trade war

23 Nov 2018 15:38 reported by Alex Lo

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Come along with the enterprises transferring their facility in order to avoid tariff, Malaysia became the most advantage position to replace China for the exporting to the US. Besides, Vietnam will also have benefit from this trade war.

The long lasting trade war between China and the US will force the Chinese and the US enterprises to use the material as replacement from other countries. For example, China bought more soybean from Brazil and transferred the manufacture to other country or moved the whole factory, according to a report from Nomura Holdings.

In these few months, China and the US announced to impose a series of tariff list against the imported products on each other, unless there was an agreement between China and the US, otherwise the White House will increase the tariff to 25% from January against total amount US$200 billion exports to the US.

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