- The US Government announced new tariff rates on US$18bn worth of Chinese imports, citing the need to protect US industries from unfair competition. Such punitive moves offer Malaysian manufacturers the chance to have greater flexibility in stretching ASPs as the pricing gap narrows – not forgetting a potential demand shift from other customers to manufacturers here.
- - Read this at SGinvestors.io -
What is new?
- US Trade Representative Katherine Tai released a list of proposed strategic sectors (up to 14) that will be subjected to tariffs (or new tariffs imposed for certain products) ranging between 25% and 100%.
- - Read this at SGinvestors.io -
Opportunity to narrow the price gap.
- Read more at SGinvestors.io.
Above is an excerpt from a report by RHB Securities Research.
Clients of RHB may be the first to access the full PDF report @ https://www.rhbtradesmart.com/.
Oong Chun Sung RHB Securities Research | Singapore Research RHB Invest | https://www.rhbgroup.com/ 2024-05-15
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Analyst Reports on Singapore Manufacturing & Technology Sector
