U.S. President Donald Trump is about to touch down in southeast Asia, where geopolitics, security and the economy will be top of the agenda. His first stop is Malaysia, which has been trying to negotiate down the tariffs imposed on it.
Breakdown
- Malaysian furniture businesses face profit losses due to U.S. tariffs. 15s
- A surge in orders to beat tariffs has subsided, leading to reduced exports. 41s
- The U.S. remains Malaysia's largest export market for furniture. 1m 1s
- Manufacturers are now seeking new markets, focusing more on Europe. 1m 47s
- The effects of U.S. trade policies are expected to last beyond the current administration. 2m 10s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.