US president Donald Trump’s tariffs may lead to car prices in Malaysia going up, indirectly through impacting automotive parts both imported and exported, the Malaysian Automotive Association (MAA) has said.
“As far as [CBU] exports are concerned, 2024 is only about US$142k (RM603k), so it’s very small. Our concerns in terms of tariffs are more on the motor vehicle parts, accessories, where it’s [worth] almost US$100 million (RM425 million) – this is about 80% of our total vehicle, other than railway, exports to the US,” president Mohd Shamsor Mohd Zain said.
“So the concerns are more on the imported CKD parts which could have been hit with US tariffs coming from multiple countries, so this impact may reverse back to us as the parts may have a slight cost impact. We haven’t felt the impact yet, it’ll only be felt maybe after six months,” he added.
This essentially means it’s a two-fold effect. CKD parts that Malaysia imports from heavily-tariffed countries may cost more, and Malaysian parts suppliers (apart from semiconductors, which are tariff-exempted) may get fewer orders, which would increase costs that may then be transferred to parts supplied locally too.
Trump recently reimposed 25% tariffs on Malaysian-made goods to the US. While Malaysia generally does not export cars to the US, it is a global player in the supply of automotive components, particularly semiconductors. Thankfully, semiconductors are tariff-free, at least for now.
So if car prices in Malaysia do go up next year, some of the blame may fall on Trump’s tariffs, other than the larger OMV/402 excise duty revision that we will face very soon.
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Alasan untuk Naik Harga cepat Kaya
Malaysia export kena 25% Tariff
Semua barang kena naik harga ker Tak?
Monkey President
aiya.. want raise price then direct raise la.. dont say this say that many excuse for “maybe” raise price due to blablabla…
How do CKD parts imported into Malaysia from other countries (not the US) be affected by US tariffs? This is between Malaysia and the exporting country, nothing to do with US tariffs. Seems like car manufacturers are groping for any excuse to increase price.
Well no thanks to the investment guy who claims negotiation went so well when he is an ex-banker talking to an ex-businessman when the need to protect our own industry at all cost especially to protect AP cronies as mention they can import EV cars here in Malaysia safe when the NetaV got 0-Star NCAP safety how wonderful.
Lol everything go up, like got no gravity
stop buying USA product… let the USA feel the pinched.
Apa pun blame negara lain. Sendiri naik harga cakap salah orang lain.
siapa suruh naikkan harga kereta sampai 100% sometime 200% from original price,
terang2 malaysia need car that are quality and save for everyone just because they are B40 doesn’t mean they should buy Axia Kompang,
just because someone that are M40 doesn’t mean they should buy Myvi or Persona it just doesn’t make any sense,
crazy to thing that people in malaysia will never have the opportunity to buy a quality and save car in their lifetime just because of so much tax for one car.
Corolla Altis and Civic are considered as luxury car thats nonsense lah they are literally Base car that every M40 Should effort in a first place.
Supaya kita terdesak beli kereta tahun ni.
To reduce car prices in Malaysia, just abolish AP. And I am a Bumiputera…this AP policy only benefits Bumi elites
also type c and type I elites. go kepong see how many reconmen there earning bucketloads from the reCONcars