save malaysia!

US Tariff Hike On China Goods Unlikely To Boost Rubber Gloves Exports For Now

savemalaysia
Publish date: Wed, 15 May 2024, 04:21 PM
 
 
The President of Malaysian Rubber Glove Manufacturing Association Oon Kim Hung said the recent announcement by the United States Statement on tariff hike on China goods will not have much impact on the local rubber gloves market although it is welcoming.
 
He noted though the news may bode well for Malaysian rubber glove players, MARGMA does not expect much immediate impact, as it will only take effect in 2026. About 35% of the local rubber glove exports are to the US market, contributing approximately RM4 billion in 2023. However, he noted that Malaysia should not forget that the US also has its own domestic production.
 
Oon believes that Malaysian producers should continue to invest in ESG matters, and the way forward is to establish sustainable and equitable prices.” 
 
https://www.businesstoday.com.my/2024/05/15/us-tariff-hike-on-china-goods-unlikely-to-boost-rubber-gloves-exports-for-now/
Discussions
Be the first to like this. Showing 6 of 6 comments

Income

Ice water 💦

1 week ago

SuperA

Every time got good news for Gloves, all the so called "expert" like to jump out and throw "Ice Water", the so called "expert" hardly throw "Ice water" to Tech counter, Utility Counter ever some PE already 50 to
70. Gloves counter step on their "ekor" kah?

1 week ago

5354_

FF buying gloves stocks not for real? If US import more gloves even in 2024 why not possible?

1 week ago

5354_

Weak RM vs USD mean cheaper for US to buy more gloves also wrong?

1 week ago

5354_

When US interest rate already at peak and going down USD will weaken or RM stronger US must pay more for Malaysian gloves.

1 week ago

Income

They are not experts but only ANALysts laaa

6 days ago

Post a Comment