Malaysian glove makers will likely stay afloat in Trump tariff tsunami, but face being priced out in non-US markets
Uneven duties are expected to make Chinese-made gloves more expensive in the US, which could benefit manufacturers in the South-east Asian country
[SINGAPORE] Glove makers in Malaysia are more likely to weather the tariff-induced storm as the duties imposed on the country’s exports to the United States are lower than other glove-producing Asian markets, said analysts and manufacturers.
These uneven tariffs are likely to widen the price differential in the US between Chinese and Malaysian gloves, making the former more expensive, which augurs well for the latter. However, market watchers cautioned that competitors could channel their excess inventory to non-US markets such as Europe, driving down average selling prices there.
US President Donald Trump on Apr 2 imposed sweeping tariffs on imports to the US, with different duties on each country.
Copyright SPH Media. All rights reserved.
