KUALA LUMPUR: Top Glove Corporation Bhd said the revised 19 per cent tariff on Malaysian goods by the United States (US) helps to restore fair competition for Malaysian exporters across the Asean region, aligning with conditions prior to the imposition of tariffs.
The glove maker told Business Times that the situation remains in its early stages and it will continue to monitor developments closely while evaluating the potential impact on its operations and the wider industry in the months ahead.
“While we recognise that some level of protectionism may be necessary, our view is that promoting free and fair trade will deliver greater value to our customers and consumers,” it said.
Top Glove also expressed support for ongoing government assistance to help local exporters navigate global trade uncertainties.
The company said it welcomes measures such as improved trade facilitation, export incentives, and broader market access through bilateral or regional trade agreements to enhance resilience.
“External factors such as tariffs lie beyond our control. As with any external challenge, our focus remains on what we are able to influence and ensure that we consistently deliver acceptable quality gloves at an efficient cost, in line with our business direction,” Top Glove said.
The US reduced its tariff on imports from Malaysia to 19 per cent, down from the originally planned 25 per cent.
The revised tariff will apply to goods imported for consumption or removed from warehouses for consumption effective from Aug 8.
© New Straits Times Press (M) Bhd
