The Asian economy, including Malaysia, will remain resilient amid the ongoing trade war between the United States and China, said former Bank Negara Malaysia governor Zeti Akhtar Aziz.
Commenting on the latest escalation in the trade conflict, where the US threatened to impose fresh tariffs on another US$200 billion of Chinese goods, she said this kind of global trade war did not benefit anyone.
“But I believe in the resilience of the Asian economy and we will demonstrate the resilience going forward,” she told reporters after the Council of Eminent Persons meeting at Menara Ilham in Kuala Lumpur today.
In the latest spat on the imposition of fresh tariffs by Washington, Beijing has vowed to retaliate.
The US Trade Representative released a new round of proposed tariffs, listing 200 pages of items valued at US$200 billion which included baseball gloves, handbags and digital cameras.
This latest move came just two days after US$34 billion duties in good and services came into effect.
Unrestrained power in your hands
For almost 20 years, Malaysiakini has stayed true to the cause of providing the Malaysian public with the truth. We believe that with unadulterated information, the people will obtain power to make informed decisions.
Decisions which lead to a healthy, robust nation - ours!
Keep the truth alive. Support your robust, independent media. You have the unrestrained power to do so.
Who says it's not our fault?
We aren’t trained to take responsibility.
Everytime we observe an injustice - and choose to keep mum - the prevalence of injustice becomes our fault.
Astute journalism paves the way for the public to be continuously furnished with the fastidious truth. You are continuously empowered to act and to uphold the integrity of the nation.
The Rakyat owns Malaysiakini
We choose to take a risk on independent media because we believe that only through independent reporting can one be NOT beholden to the interest of businesses or organisations. This allows us to really pursue the truth - aggressively.
Independent for 20 years.
The victorious people
In the light of holding the truth to power, Malaysiakini will continue to uphold its mission of providing credible news to its discerning public. Your support for Malaysiakini is always treasured as a testament of innate nationalism. Your victory is our history.
Quietly. Effectively. Says it all. Malaysiakini.
Speaking truth to power
When we embarked on this journey 20 years ago, we knew we would face intimidation, harassment, raids, arrests and perhaps even jail terms. We got into this venture with our eyes wide open.
The main reason we have survived this long - when many others have folded - is partly because we are prudent in our finances. But while we may be tightfisted in our budgeting, we do not hold back when it comes to speaking truth to power and holding power to account. And certainly, this new administration will not stop us from continuing to do so.