Blog: China hits back with tariffs, accusing the US of launching the 'largest trade war in history'

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2 comment(s). Last comment by ks55 2018-07-06 17:14

ks55

3,675 posts

Posted by ks55 > 2018-07-06 17:13 | Report Abuse

US will impose additional tax on 500 billion USD on top of 50 billion that took effect today. Meaning that every single item exported to US will attract additional tax.

Likewise, every single item imported from US will attract additional tax, PLUS qualitative measure including 100% check for health compliance, 100% clearance from foreign ministry in Beijing for mainlander to visit US, curtailment of US brands like Apple i-phone, GM and Ford cars, MBenz and BMW manufactured in US etc etc...

How is our economy affected?

Major export market for Malaysia:-
1. Singapore (14.5%) comprises mainly transshipment to China and US market
2. China (13.5%) mainly intermediate electronic components of MNCs, crude oil and palm oil.
3. US (9.5%)
4. Japan (8%)
5. Hong Kong (5.1%) gateway to China market
6. Indonesia (3.7%)
7. India (3.7%)
8. Australia (3.5%)
9. South Korea (3.1%)

So when gajah sama gajah berjuang, Malaysia mati tengah-tengah.

ks55

3,675 posts

Posted by ks55 > 2018-07-06 17:14 | Report Abuse

http://www.worldstopexports.com/malaysias-top-import-partners/

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