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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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TA Securities Predicts RM403.7 Billion Allocation for Malaysia’s Budget 2025

TA Securities Holdings Bhd expects Budget 2025 to feature an allocation of RM403.7 billion, with RM305.7 billion allocated for operating expenditure and RM97.9 billion for development expenditure. This forecast suggests a reduction in the fiscal deficit to 3.7% of GDP in 2025, down from a projected 4.2% in 2024, moving towards the government's 3.5% target by 2026.


The growth in government revenue, forecasted to rise 5.7% to RM325.3 billion, will be driven by increases in both direct and indirect taxes, as the economy expands at an expected rate of 5% in 2025. The services and manufacturing sectors, along with wage increases and private investments, are projected to support this growth.

Key initiatives in Budget 2025 are expected to include measures supporting public infrastructure projects like the Mass Rapid Transit 3 (MRT3) and high-speed rail (HSR), digital economy investments, and sustainable development related to energy transition. Additionally, sectors like semiconductors, artificial intelligence, and 5G will receive attention.

The budget may also introduce measures to increase disposable income, such as potential civil servant salary increases and adjustments to the minimum wage. No significant new taxes are anticipated, except for the global minimum tax and a phased implementation of e-invoicing and sales and services tax expansions.

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