{"id":38577,"date":"2025-04-23T14:33:54","date_gmt":"2025-04-23T06:33:54","guid":{"rendered":"https:\/\/investpenang.gov.my\/press-release-investpenang-engaged-industry-on-u-s-tariff-impact-key-insights-and-recommendations-submitted-to-federal-ministries\/"},"modified":"2025-11-28T10:56:10","modified_gmt":"2025-11-28T02:56:10","slug":"press-release-investpenang-engaged-industry-on-u-s-tariff-impact-key-insights-and-recommendations-submitted-to-federal-ministries","status":"publish","type":"post","link":"https:\/\/investpenang.gov.my\/zh-hans\/press-release-investpenang-engaged-industry-on-u-s-tariff-impact-key-insights-and-recommendations-submitted-to-federal-ministries\/","title":{"rendered":"[Press Release] InvestPenang Engaged Industry on U.S. Tariff Impact: Key Insights and Recommendations Submitted to Federal Ministries"},"content":{"rendered":"

[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” el_class=”sec-inner-banner” css=”.vc_custom_1703741584745{background-image: url(https:\/\/investpenang.gov.my\/wp-content\/uploads\/2023\/12\/contact-banner-bg.jpg?id=20253) !important;}” z_index=””][vc_column][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=”” el_class=”inner-banner-row”][vc_column_inner][vc_column_text css=””]<\/p>\n

[Press Release] InvestPenang Engaged Industry on U.S. Tariff Impact: Key Insights and Recommendations Submitted to Federal Ministries<\/h1>\n

[\/vc_column_text][vc_separator type=”normal” el_class=”red-separator” color=”#ee4023″ transparency=”1″ thickness=”2″ up=”15″ down=”15″][vc_column_text css=”” el_class=”white-text”]<\/p>\n

23 April 2025<\/p>\n

[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”grid” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” css=”.vc_custom_1703764846254{background-color: #f3f5f8 !important;}” z_index=””][vc_column el_class=”fade-in animate”][vc_empty_space height=”120px” el_class=”height-x120″][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=””][vc_column_inner][vc_single_image image=”30590″ img_size=”full” css=”” qode_css_animation=”” el_class=”single-featured-image”][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=”60px” el_class=”height-x60″][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=”” el_class=”content-row”][vc_column_inner][vc_column_text css=””]Penang, 23 April 2025 \u2013 In response to the reciprocal tariff announced by the U.S. administration earlier this month, InvestPenang convened two closed-door roundtable discussions with over 30 industry leaders from diverse sectors, including the semiconductor and Electronics and Electrical (E&E) industries.<\/p>\n

The objective was to assess the potential business impact and identify the support needed from the government in light of the reciprocal and sectorial tariffs expected to come into effect in the coming months.<\/p>\n

The sessions were attended by YAB Chow Kon Yeow, Chief Minister of Penang; YB Steven Sim Chee Keong, Minister of Human Resources; YB Liew Chin Tong, Deputy Minister of Investment, Trade and Industry and Dato\u2019 Loo Lee Lian, CEO of InvestPenang.<\/p>\n

Insights gathered from these sessions were shared with the Ministry of Investment, Trade and Industry (MITI) and the Ministry of\u00a0Human\u00a0Resources.<\/p>\n

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END<\/p>\n

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About InvestPenang<\/b>
\nInvestPenang is the Penang State Government\u2019s principal agency for the promotion of investment. Its objectives are to develop and sustain Penang\u2019s economy by enhancing and continuously supporting business activities in the State through foreign and local investments, including spawning viable new growth centers. To realise its objectives, InvestPenang also runs initiatives like the SMART Penang Center (providing assistance to SMEs), Penang CAT Center (for talent attraction and retention), and Global Business Services (GBS) Focus Group (promoting and developing digital economy) and\u00a0Penang Silicon Design @5km+<\/em>\u00a0(establishing a unique and interconnected ecosystem for IC design and technology enterprises). For more information, please visit\u00a0https:\/\/investpenang.gov.my\/<\/a>\u00a0and follow InvestPenang\u2019s social media channels:\u00a0Facebook<\/a>;\u00a0LinkedIn<\/a>;\u00a0WhatsApp Channel<\/a>\u00a0and\u00a0TikTok<\/a>.<\/p>\n

For media enquiries, please contact:<\/strong><\/p>\n

InvestPenang<\/b>
\nElaine Cheah \/ Arief Ferdaus Azmi
\nelaine@investpenang.gov.my<\/span><\/a>\u00a0\/ arief@investpenang.gov.my<\/a>\u00a0<\/span>
\n+604-646 8833[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=”120px” el_class=”height-x120″][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

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23<\/h2>\n
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Wed<\/p>\n

April \u201825<\/p>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"author":5119,"featured_media":30590,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[316],"tags":[],"news_year":[325],"news_month":[222],"local_insights_alphabet":[239],"acf":[],"_links":{"self":[{"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/posts\/38577"}],"collection":[{"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/users\/5119"}],"replies":[{"embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/comments?post=38577"}],"version-history":[{"count":2,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/posts\/38577\/revisions"}],"predecessor-version":[{"id":38581,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/posts\/38577\/revisions\/38581"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/media\/30590"}],"wp:attachment":[{"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/media?parent=38577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/categories?post=38577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/tags?post=38577"},{"taxonomy":"news_year","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/news_year?post=38577"},{"taxonomy":"news_month","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/news_month?post=38577"},{"taxonomy":"local_insights_alphabet","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/local_insights_alphabet?post=38577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}