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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 AI Impact Study Targets 10 Key Sectors for Workforce Evolution

The Malaysian government is set to release a comprehensive study on the impact of artificial intelligence (AI) on the job market, focusing on 10 strategic sectors, according to Human Resources Minister Steven Sim Chee Keong. The report, conducted by the ministry, aims to shape the evolution of roles and skills in the country’s workforce over the next three to five years.


The targeted sectors include information and communications technology (ICT), global business services, aerospace, food manufacturing and services, wholesale trade and retail, electronics and engineering, and pharmaceutical manufacturing. Additionally, the study will address the impact of AI on industries such as medical devices, energy, chemical, power, marine and offshore, tourism, and hotels and accommodation.

Minister Sim emphasized that this study will be a crucial tool for understanding how AI can improve these sectors. He also highlighted that the report will examine AI's potential to create better job opportunities while addressing the challenges posed by automation and digitalisation.

The report is part of a broader initiative, including a study on the effects of AI, digitalisation, and the green economy on Malaysia’s labor market, which is expected to be finalized by the end of this month.

Speaking at the National Human Capital Conference and Exhibition (NHCCE) 2024, Sim described the event as a platform for critical discussions on the role of AI in the workplace and its implications for the future of jobs. Organised by HRD Corp, the event will run from Sept 30 to Oct 2 at the Malaysia International Trade and Exhibition Centre (Mitec) and aims to address the challenges and opportunities AI presents to the regional workforce.

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