50,000 jobs in Penang, Johor, and the Klang Valley could be lost due to tariffs

Christina Tee, president of the Malaysian International Chamber of Commerce and Industry, warns that a proposed 24% tariff on Malaysian goods exported to the US could lead to the loss of up to 50,000 jobs in Penang, Johor, and the Klang Valley. Key industries such as electronics, gloves, automotive parts, palm oil, medical devices, and textiles are at risk, particularly affecting small and medium-sized enterprises. With over 65% of Malaysia’s GDP tied to trade, the tariff could make exports uncompetitive, prompting businesses to restructure or relocate production.

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