Malaysian Glove Makers’ Shares Jump as U.S. Plans Higher Tariffs on Chinese Gloves
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 17 2024
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Source: WSJ
Impact on Malaysian Glove Stocks: Malaysian glove stocks experienced a surge following the U.S. announcement to significantly increase tariffs on Chinese glove imports, which is expected to reduce competition for Southeast Asian manufacturers.
Details of Tariff Changes: The U.S. plans to raise tariffs on Chinese medical and surgical gloves from 7.5% to 50% in January next year, eventually reaching 100% by January 2026, marking a substantial increase compared to earlier projections.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
