KUALA LUMPUR, Feb. 3 -- A global trade war sparked by newly inaugurated US President Donald Trump's tariffs could have the same devastating effects on inflation and economic growth as the Covid-19 pandemic, warned DAP chairman Lim Guan Eng.
The former finance minister said that while Malaysia is not directly targeted by the new tariffs, it is at risk due to its deep trade ties with China, Canada, and Mexico, all of which face steep US import duties.
"A global trade war with retaliatory tariffs may have the same adverse impact on escalating inflation and arresting economic growth as the Covid-19 pandemic," Lim said.
"Trump's protectionist tariff policies pose the greatest threat to containing inflation and generating sustainable economic ...