Malaysian glove makers poised for US growth but broader tariffs may upend optimism
They may also face stiffer competition as Chinese rivals pivot from the US to markets in Europe and Asia, add analysts
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MALAYSIAN glove makers were poised to capture the United States market, after Chinese gloves were slapped with higher tariffs, but the return of a Donald Trump presidency could pose a stumbling block in 2025.
This is as Trump signalled that he aims to raise global tariffs once he is inaugurated as US president on Jan 20, regardless of the origin of the goods.
In addition, Chinese brands which have pivoted away from the US are now zeroing in on other markets in Europe and Asia, adding another hurdle for Malaysian glove manufacturers, analysts noted.
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