US-China trade war benefits Malaysia – Dr Mahathir

Tun Dr Mahathir Mohamad

Tun Dr Mahathir Mohamad

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Written by Syndicated News

LANGKAWI, Aug 4 2018 : Malaysia is likely to benefit from the trade war between China and the United States (US) in terms of attracting foreign investors, said Prime Minister Tun Dr Mahathir Mohamad today.

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 in a media conference 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 att AS$200 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.” – Bernama



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