Prime Minister Anwar Ibrahim Expresses Disagreement with US Tariff Threat
A Critique of Protectionist Policies
Prime Minister Anwar Ibrahim has expressed his disagreement with any move by the Donald Trump administration to impose tariffs on its trading partners and competitors. In an interview with TRT World’s Enda Brady, Anwar pointed out that the West has, for the last many decades, been “preaching” free trade.
“And now, when emerging economies appear to be establishing themselves with strong footing, suddenly you (the US) want to impose such tariffs,” Anwar said. “So I, as a matter of principle, object to this but then, we will have to weather the storm.”
Implications for Malaysia and Asean
Anwar emphasized the importance of maintaining excellent bilateral relations with the US and China, as well as with the European Union, India, and Australia. He noted that Malaysia and other countries in Asean are encouraged to continue to have strong ties with these nations.
“So I think we’re looking at broadening the base. That’s why we applied to join BRICS, to be able to be an effective trading nation,” Anwar said. Malaysia is among nine nations officially accepted as BRICS partners from January 1.
Uncertainty and Turbulence in Global Affairs
When asked about the implications of Trump’s return to the White House, Anwar said it is still a period of uncertainty and some “minor turbulence” in global affairs can be expected. “Based on his statements, they have been protectionist. He wants to purely focus on the US,” Anwar said.
“But I believe that this will settle after a few months because most of his colleagues and advisers are all international and corporate players who have much interest in the US as much as overseas,” he added.
A Global Impact
Anwar stressed that any policy which is deemed to be not conducive for free trade will affect several regions, including Asean, as well as the US itself. He emphasized the importance of promoting free trade and cooperation among nations to ensure global economic stability.
Conclusion
In conclusion, Prime Minister Anwar Ibrahim’s comments highlight the importance of maintaining strong bilateral relations and promoting free trade in the face of protectionist policies. As the global economy continues to evolve, it is crucial for nations to work together to ensure stability and prosperity for all.
FAQs
Q: What is the US tariff threat?
A: The US tariff threat refers to the potential imposition of tariffs on goods from various countries, including Canada, Mexico, China, and the European Union.
Q: Why is Prime Minister Anwar Ibrahim disagreeing with the US tariff threat?
A: Anwar Ibrahim is disagreeing with the US tariff threat because he believes it goes against the principles of free trade and could have negative consequences for emerging economies.
Q: What is BRICS, and why did Malaysia join it?
A: BRICS is a grouping of nine nations, including Brazil, Russia, India, China, and South Africa, among others. Malaysia joined BRICS to strengthen its economic ties with other emerging economies and to promote free trade and cooperation.