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US President Donald Trump's tariffs shock could lead to as many as 50,000 direct and indirect job losses, primarily affecting Penang, Johor, and the Klang Valley, while also causing wage growth to stagnate, according to the Malaysian International Chamber of Commerce and Industry (MICCI).
Its president Christina Tee said the key risk sectors include electronics, gloves, and automotive parts, where export-linked production volumes may contract significantly, particularly impacting small and medi