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Malaysiakini
2 hours ago
- Malaysiakini
Tariff-wise, Trump holds the upper hand
YOURSAY | How to fight a strong man wielding a big sword using just a pen knife? COMMENT | Malaysia's pusillanimous foreign policy Koel: A thoughtful and timely article by former attorney-general Tommy Thomas. Handing over US$70 billion when Malaysia's total investments held in the US are US$43 billion? This is madness! Does Malaysia have a coherent foreign policy in these troubled times? We hardly see or hear from Foreign Minister Mohamad Hasan. It is time to go back to the spirit of the non-aligned movement, and time to actively seek alternative trade partners. The world is seeing the fallout of putting all your eggs in one basket. All you need is one madman to destroy everything. As we see right now, there is no stability to this White House administration. How much of what's happening is about helping that country? How much is the self-interest and greed of a businessperson in the highest office of that country? Nobody seems clear. Not even his aides. In such uncharted territories, smiles and flattery are not going to get us very far. People also need to look at who suffers the worst in these 'tariff wars'. There is a white, supremacist, and racist element to these trade wars that hints at a neocolonial stance. Some of the worst hit are the countries of the Global South, and that is by design. In case your history is weak, what did the colonisers do? Impoverish, extract, and dominate. Of course, in most cases, they will find local collaborators, lackeys to help them in this pursuit. We are probably seeing the first part of this strategy of impoverishing some of the poorest countries in the world. To what end? In case anyone missed it, local media ran an article that highlighted a case in Vietnam of a land grab that might hint at what is also at play with US President Donald Trump's administration. Land used for farming in North Vietnam was suddenly taken away and given to the Trumps for them to build golf resorts. Thousands of Vietnamese farmers were suddenly asked to move out with pitiful amounts of compensation that are hardly sustainable. All part of the tariff talks. Of course, the Vietnamese leaders who struck this deal are not personally affected, and the move will be framed as 'boosting the economy', but at what cost to the Vietnamese farmers? Such is the danger when governments fail to stand up to foreign bullies. Time to think strategically and open our markets to friendly, just, and mature nations and governments. Malaysia's interests, independence, and sovereignty must be safeguarded. The government should not reduce us to the status of a vassal state. Do we have any pundits at the moment to help this government steer through these trade wars? We cannot afford to send children to negotiate with the sharks! For a Better World: Thomas has done his research meticulously by quoting a vast array of published material. But his liberal, anti-Trump ideology can be difficult to observe or distinguish, but it pervades his discussion and analysis. Why blame the world's problems and ills on the US and its present leader, Trump? He won the national popular vote with 49.8 percent while his rival secured 48.3 percent. Respect it, but if Trump transgresses his country's Constitution or laws, he can be sacked/impeached by US Congress members. I agree that the US is a superpower, but so is Russia and, to some extent, China and the European Union. The way Thomas articulates it, it looks like it's Trump's fault for every conceivable bad and controversial issue that arises in human society on this Earth. Do Trump and his ruling elite have such unimaginable power? GP2025: Prime Minister Anwar Ibrahim has always been all talk and namby-pamby in actions. He hides behind 'international diplomacy' so that he need not be tough. He is useless, and the majority know it and want him out of government. Unfortunately, the minorities, whom he has taken for a ride and who don't want to face it, still support him. Anwar is expected to do his job. No amount of criticism is going to help him perform. That's asking too much of someone who can't deliver. The best thing to do now is to support Perikatan Nasional's initiative to remove him from government. HOYOHOYO: Tommy, it's easy to write as a lawyer. Facing the drastic consequences is another thing. Anwar is wise in his response to Trump. A 19 percent tariff on all US-imported goods will lead to exorbitant tariffs on our exports. He had repeatedly warned against retaliation. High tariffs will obliterate the entire exporting industry overnight. The wisdom of inviting Trump to visit Kuala Lumpur is to massage his ego. How to fight a strong man wielding a big sword using just a pen knife? Anwar chooses reality to avoid the consequences that you are not facing in the comfort of your office. Scoop: Slap a 19 percent tariff on US goods? What happens to the tariff on Malaysia? Ask Canada, India, and China. Trump doubled the tariffs on those who imposed reciprocal/retaliatory tariffs. What would happen if Malaysia's tariff rate ended up close to double that of Vietnam, Thailand, and Indonesia? Almost three times higher than Japan and South Korea? Tommy is a corporate law specialist, not an international trade specialist or economist. Oh, and the piece is way too complimentary of former prime minister Mahathir Mohamad's foreign policy. Hmmmmmmmm: Tommy, I find your views too simplistic. Regarding our response to US tariffs, it looks like a case of 'damned if I do and damned if I don't'. The problem in this country is that we do not choose the best brains to lead us. If we have the best advisors, then we can be confident that the decisions made by the government are for the best. As it is, we will always wonder if we made the right decisions. I also wonder what the point is with trading with the US if we do not ultimately make a profit. The above is a selection of comments posted by Malaysiakini subscribers. Only paying subscribers can post comments. In the past year, Malaysiakinians have posted over 100,000 comments. Join the Malaysiakini community and help set the news agenda. Subscribe now. These comments are compiled to reflect the views of Malaysiakini subscribers on matters of public interest. Malaysiakini does not intend to represent these views as fact.
The Star
2 hours ago
- The Star
Vietnam cement sector reports strong profits
The Vietnamese cement market has experienced a remarkable recovery, with several firms unexpectedly reporting substantial profits in the second quarter of 2025. — VNA/VNS HANOI: Vietnam's cement sector is in the midst of a significant turnaround, as several companies report profits despite pressures from oversupply. This resurgence is seen as a positive signal for the industry, especially with the anticipated boost from public investment in the latter half of the year. After a challenging first quarter, when many companies recorded losses, the Vietnamese cement market has experienced a remarkable recovery, with several firms unexpectedly reporting substantial profits in the second quarter of 2025 (2Q25). Vicem Ha Tien Cement posted record profits, breaking an 11-quarter streak of poor performance. The company reported consolidated net revenue exceeding 1.93 trillion dong (US$73.6mil) and a net profit of over 112.3 billion dong, a sharp contrast to a loss of nearly 9.2 billion dong in the first quarter. Despite a modest 1% increase in revenue year-on-year, the company's net profit surged by 145.5%, attributed to an 8.5% increase in cement consumption and reduced costs due to better production cost control. — Viet Nam News/ANN
The Star
2 hours ago
- The Star
Brazilian enforcer Patrick set to be heartbeat of Melaka's midfield
PETALING JAYA: Melaka's new midfield enforcer Patrick Gama is ready to throw himself into the thick of Super League action starting with a debut battle against Penang at the Hang Jebat Stadium today. The 25-year-old Brazilian, a towering figure at 1.85m, arrived from Vietnamese side Viettel after plying his trade with Ji-Parana, ADESG, Santa Helena-GO, Tupynambas and Vilhenense back home. And when his manager Valdir Sousa called about Melaka's interest, Gama knew he was in for something special. 'Valdir told me about the club's new project, about being A1 Semi-Pro League champions last season,' Gama said. 'That really encouraged me to come and represent this wonderful club,' he said. 'The competition will be at a high level, with difficult games. Coach K. Devan wants a competitive team and I can help tactically with what he asks me to do. I'm here to play and help the team in the competition.' His first test? A Penang side who finished 10th last season and also reeling from a demoralising 0-3 defeat against Terengganu on Sunday but have a knack for turning games on their head. Gama has done his homework and is not underestimating the challenge. 'They're a capable team, and it'll be a great game. My expectations are high and positive. 'I want to play, help the team and have a great debut. 'My vision is to win but I respect the opponent. It's 11 against 11 and these games will be decided in the details.' Melaka have been putting in the hours at training, with Gama slotting in quickly alongside his new teammates. His debut, he says, is about more than just three points. 'We're determined for the first game. We want to bring joy to the Melaka fans and to the city whose name we carry with pride.' With his height, strength, and ability to read the game, Gama is set to be the heartbeat of Melaka's midfield. If he stamps his authority early, Penang could be in for a long night.
