Diversify to other markets, economists urge exporters

Free Malaysia Today

Two university lecturers say the imposition of US tariffs shows that Malaysian firms cannot become dependent on one market.  Read More: https://www.freemalaysiatoday.com/category/nation/2025/04/07/diversify-to-other-markets-economists-urge-exporters/  Laporan Lanjut: https://www.freemalaysiatoday.com/category/bahasa/tempatan/2025/04/07/diversifikasi-pasaran-eksport-bantu-kurang-impak-tarif-trump-kata-ahli-akademik/  Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------ Check us out at https://www.freemalaysiatoday.com Follow FMT on Facebook: https://bit.ly/49JJoo5 Follow FMT on Dailymotion: https://bit.ly/2WGITHM Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h Follow FMT on TikTok : https://bit.ly/3uKuQFp Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX Follow FMT LinkedIn - https://bit.ly/42YytEb Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------ Download FMT News App: Google Play – http://bit.ly/2YSuV46 App Store – https://apple.co/2HNH7gZ Huawei AppGallery - https://bit.ly/2D2OpNP  #FMTNews #TrumpTariffs #Import #Eksporters

Transcript

00:00Malaysian exporters should seek to further diversify their export market to help lighten

00:07the impact of a 24% U.S. tariff on Malaysian imports, say economists.

00:14University Malaysia Kelantan lecturer Abu Sufian Yacob said Malaysia needs to expand

00:19its market scope, particularly among ASEAN countries, to reduce the direct impact of

00:24the 24% U.S. tariff.

00:29Malaysia's top trading partners in 2024 were ASEAN, China, the U.S., the European Union

00:35and Taiwan, with China remaining the largest single-nation trading partner for 16 consecutive

00:41years.

00:42Idham Razak of University Technology Mara said a diversified market was key to alleviating

00:49the effects of the U.S. tariff.

00:52He said the government should make use of trade deals, such as the Regional Free Trade

00:56Agreement among ASEAN and its six trading partners, and avoid unilateral protectionist

01:01policies.

01:02Meanwhile, Abu Sufian urged Bank Negara and the Securities Commission to keep an eye on

01:08developments in the capital market to prevent any shocks in the market or sentiment-driven

01:13pressure from investors.

01:15He suggested that more flexible fiscal policies be taken in response to the tariffs.

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Transcript

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