‘US-China trade war may benefit country’
Malaysia is likely to benefit from the trade war between China and the United States in terms of attracting foreign investors, said Prime Minister Tun Dr Mahathir Mohamad yesterday.
He said policies implemented in this trade war would benefit investors who could not invest in certain countries, thus benefiting countries that were not involved.
“We (Malaysia) are not involved (in this trade war) and there is a possibility they (investors) who cannot go to certain countries, they will come here (Malaysia),” he said here.
The trade war between the two major countries accelerated on Wednesday when the US administration increased pressure on China for trade concessions by recommending a 25 per cent higher tariff on China’s imports, valued at US$200 billion (RM816 billion).
Asked if Malaysia was ready to face the overwhelming influx of foreign investors following the trade war, Dr Mahathir said: “(For) foreign investment, we are always ready.”