E-Invois : Persediaan E-Invoice Malaysia
December 26, 2023
What Happened?
Last week, Donald Trump announced that if he becomes U.S. president again, he plans to raise tariffs on products from other countries. A tariff is like a tax added to things made outside of the U.S., which would make them more expensive when sold in America. While this may sound like a local issue for the U.S., it actually affects many countries around the world — including Malaysia.
Last week, Donald Trump announced that if he becomes U.S. president again, he plans to raise tariffs on products from other countries. A tariff is like a tax added to things made outside of the U.S., which would make them more expensive when sold in America. While this may sound like a local issue for the U.S., it actually affects many countries around the world — including Malaysia.
What’s a Tariff?
A tariff is basically a tax added to products that a country buys from another country. For example, if the U.S. sets a 20% tariff on cars made in Japan, those cars become 20% more expensive when they arrive in the U.S
President Donald Trump often said that when America puts tariffs on foreign products, it’s the other countries who end up paying, not people in the U.S. But Is That Really True? Not quite. In reality, U.S. companies that import goods pay the tariffs and often pass the extra cost to consumers by raising prices—like Apple increasing iPhone prices if parts from China are taxed.
How This Could Affect Malaysian Business Owners
As an accountant working closely with local businesses in Malaysia, I’ve seen how global trade changes can quietly but seriously impact day-to-day operations. If the U.S. imposes tariffs on goods from countries like China, the effects will ripple across global supply chains. Malaysian business owners who rely on importing raw materials or finished products from these affected countries may find their costs increasing. The suppliers might raise prices to recover the losses caused by the tariffs, or worse, the goods may take longer to arrive due to shipping changes or backlogs caused by sudden shifts in trade routes.
This means Malaysian businesses may face higher costs, possible delays in delivery, or even difficulties in sourcing certain products. All of this can reduce your profit margins, cause operational headaches, and force you to rethink your pricing or sourcing strategies. In industries like manufacturing or retail, where cost efficiency is crucial, this type of disruption can have a significant financial impact.
How This Could Affect Malaysian Business Owners
From the perspective of a potential investor looking at Malaysia, this situation presents both a challenge and an opportunity. If the U.S. raises tariffs on China and other major exporters, investors may begin to search for alternative countries where they can move their operations or establish new supply chains. Malaysia could become an attractive choice because it is not directly targeted by these tariffs and offers a stable business environment, skilled labor, and access to regional markets like ASEAN.
However, investors should not assume it will be smooth sailing. Shifting supply chains, adjusting pricing, and dealing with currency exchange risks are all real issues that need to be planned carefully. Malaysia may benefit from the situation, but investors must be ready to adapt their strategies, monitor global policy changes, and work closely with local experts — like accountants, consultants, and trade advisors — to make smart decisions that protect their investments and keep their operations cost-effective.
What Should You Do Now?
Whether you’re a business owner in Malaysia or an investor planning to enter the market, the most important thing is to stay calm — but act smart. Review your current sourcing strategies, evaluate how a change in global tariffs could affect your cost structure, and be ready to adjust if needed. Thinking ahead is better than being caught off guard.
Need Help?
If you want help building a strategy that’s cost-effective, resilient, and ready for any global changes, reach out to us at SYNCO. We specialize in helping businesses understand international risks, manage their costs wisely, and grow with confidence — no matter what’s happening in the world.
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Shukri Yusof & Co. (Synco) is a member firm of Malaysian Institute of Accountant as well known as Chartered Accountants. Our commitment is to deliver results that exceed expectations with utmost effectiveness and efficiency.
