Reported 3 days ago
Furniture manufacturers in southern Malaysia are racing to fulfill orders ahead of U.S. President Donald Trump's potential tariffs that could impose a 24% tax on imports. With 90 days of reduced tax for many countries, factories like Corporate Specialist are working overtime to ship products primarily to the U.S., their largest export market. Concerns arise that higher tariffs may drive up prices for consumers while making it impractical to shift production to the U.S. amidst rising costs.
Source: YAHOO