US President-elect Donald Trump’s policies risk stunting global growth and weakening demand for Malaysian chips, according to Malaysia’s Investment, Trade and Industry Minister Zafrul Aziz.
Zafrul said his primary worry around Trump’s second term as president was the prospect of global inflation accelerating as the US attempts to “re-shore” production capabilities and isolate China through higher tariffs. He was speaking to Bloomberg on a visit to the UK, just three days before Trump’s inauguration.