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High Drama and Big Impact: Trump’s Bold Tariff Plans and What to Expect

Expect significant new tariffs on Chinese imports and moderate levies on goods from other nations , as President-elect Donald Trump rolls out his protectionist agenda. However, with his preference for chaotic policymaking and sudden shifts , there’s uncertainty on how soon these import taxes will actually hit. Dubbed “ Tariff Man ,” Trump aims to use tariffs both strategically and tactically . He’s mentioned taxing all Chinese goods up to 60% and potentially setting 10%-20% tariffs on imports globally , but details on these plans remain vague . Key players within Trump’s team are divided: Robert Lighthizer , a staunch tariff advocate, sees permanent duties as crucial to balance US trade , while others, like billionaires John Paulson and Scott Bessent , view tariffs as temporary leverage. Trump’s previous administration had mixed feelings, especially on national security-related trade limits , which he sometimes dismissed, favoring an “open for business” approach. High-profile busin
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Malaysia's Gross Loan Growth Steady in June, BNM Data Shows

Malaysia’s gross loan growth remained steady in June, bolstered by an increase in business borrowings which offset a slowdown in consumer lending and corporate bonds, according to data from Bank Negara Malaysia (BNM) released on Wednesday.

Key Points:

  1. Overall Loan Growth:

    • Credit to the private non-financial sector expanded by 5.4% year-on-year in June, maintaining the same growth rate as in May.

  2. Business Loans:

    • Outstanding business loans increased by 5.6% in June, up from 4.8% in May.
    • This growth was driven by loans for working capital and investment-related purposes.
    • Significant loan growth was noted in the construction and services sectors.

  3. Household Loans:

    • Outstanding household loan growth slightly decreased to 6.2% from May’s rate of 6.3%.

  4. Corporate Bonds:

    • Growth in outstanding corporate bonds slowed to 3.4% from May’s 4%.

  5. Loan and Bond Data:

    • The data includes loans to households and non-financial corporations from the banking system and development financial institutions.
    • It also covers corporate bonds issued by non-financial corporations, including short-term papers.

  6. Asset Quality:

    • Asset quality in the banking system remained sound, with gross impaired loans stable at 1.6%.
    • Net impaired loans were also stable at 1% in June.
    • Total provisions stood at RM32 billion, unchanged from the end of May.

  7. Liquidity and Funding:

    • Banks' liquidity and funding positions were supportive of intermediation activity.
    • The aggregate liquidity coverage ratio rose to 155.2% from 149.7% in May.
    • The loan-to-fund ratio increased slightly to 83% compared to 82.2% in May.

BNM’s data highlights a steady lending environment with robust business loan growth balancing out slower consumer lending and corporate bonds growth. The sound asset quality and strong liquidity positions indicate a stable financial system supportive of continued economic activity.

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