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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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AirAsia Resumes Jet Operations from Subang Airport with 14 Weekly Flights to Sabah and Sarawak

AirAsia, a low-cost airline under Capital A Bhd, has commenced 14 weekly flights from Subang Airport in Selangor to Sabah and Sarawak using Airbus A320 narrow-body aircraft, starting from August 30. This marks a return to Subang Airport for AirAsia, which initially launched its operations there 24 years ago.

Key Highlights:

  1. Return to Subang Airport: Reintroducing narrow-body aircraft at Subang Airport is part of a broader initiative to modernize the airport into a vibrant city terminal catering to business travelers, as explained by Capital A CEO Tan Sri Tony Fernandes. The move is expected to enhance connectivity within Malaysia and the region.

  2. Expansion Plans: Fernandes expressed optimism about the growth potential of Subang Airport, anticipating it will become a popular hub for travelers. AirAsia plans to rapidly expand its operations from Subang, leveraging its status as Malaysia's largest airline by capacity, with 40 domestic routes and 1,860 return weekly flights by the end of 2024.

  3. Current Operations and Market Position: In 2023, AirAsia carried over 14 million guests on its domestic network, which included 918 weekly flights. The airline's operations at Subang Airport are part of a broader initiative involving other carriers like Firefly, TransNusa, and Scoot, which are also launching jet services from Subang.

  4. Subang Airport Regeneration Plan: Subang Airport has historically handled only propeller-driven aircraft since 1998. However, the Subang Airport Regeneration Plan (SARP), announced in April 2021 by Malaysia Airports Holdings Bhd, aims to transform the facility into a city airport capable of handling around five million passengers annually, with an investment of RM1.3 billion.

As of Friday, Capital A shares fell by two sen or 2.5% to 77 sen, giving the company a market valuation of RM3.32 billion.

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