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