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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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Chinese Battery Maker Zhuhai CosMX to Invest RM1 Billion in Kedah Plant

Zhuhai CosMX Battery Co Ltd, a Chinese manufacturer of lithium-ion batteries, is set to invest RM1 billion to establish a manufacturing plant in Kedah, Malaysia. The new facility will be built in phases at the Kulim East Industrial Park, with construction expected to start in the fourth quarter of 2024. This investment is projected to create over 1,000 jobs.

Key Details:

  1. Investment and Job Creation: The plant represents a significant RM1 billion investment in Kedah, with the potential to create over 1,000 jobs, according to the Malaysian Investment Development Authority (Mida). This development is expected to enhance Malaysia's local ecosystem by introducing cutting-edge battery technology.

  2. Expansion of CosMX's Global Presence: CosMX manufactures lithium-ion batteries for a range of devices, including laptops, drones, and electric vehicles, and provides industrial energy storage systems. The Kedah plant will be a strategic addition to the company's global production bases in Zhuhai, Chongqing, Zhejiang, and India. The company's chairman, Xu Yanming, emphasized that the new factory aims to be a model for economic success and sustainable development.

  3. Boost to Malaysia's Investment Appeal: Malaysia’s Minister of Investment, Trade, and Industry, Tengku Datuk Seri Zafrul Abdul Aziz, highlighted that CosMX's decision to invest in Malaysia reinforces the country’s status as a preferred destination for tech-based companies. He attributed this to Malaysia's proactive efforts in creating a favorable business environment, leading to increased investment flows, more high-skilled jobs, and a stronger electrical and electronics supply chain.

This investment by Zhuhai CosMX marks a significant step in advancing Malaysia’s position in the global technology and sustainable development landscape.

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