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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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Penang Unveils Incentives to Attract Chip Design Firms and Engineers

 The Penang government has launched a new incentive programme, dubbed ‘Penang Silicon Design @5km+’, aimed at drawing chip design firms and engineers to the Bayan Lepas Industrial Park and its surrounding area. The initiative offers annual subsidies worth up to RM2 million over three years for both local and foreign integrated circuit (IC) design firms based in Malaysia, according to Invest Penang.

With major global semiconductor companies like Intel and Infineon Technologies already established in Penang, the state's Chief Minister, Chow Kon Yeow, highlighted the importance of creating conducive facilities to support high-value activities. Penang is home to 28 local and foreign IC design firms, and this initiative aims to further boost the region's attractiveness to strategic investors.

To support the programme, Penang has allocated RM60 million and is seeking a matching grant from the federal government. Incentives include full subsidies for rent, utilities, and parking at state-owned properties, as well as access to equipment and tools at shared facilities. The initiative will be governed by an executive council and advised by a panel of industry experts, academics, and government agencies.

The programme's success will be underscored by the opening of GBS TechSpace, a 36,000 sq ft facility set to house IC design companies and engineers by the end of 2024. Digital Minister Gobind Singh Deo stressed the importance of semiconductor and IC design in driving Malaysia's digital economy growth.

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