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Trump, should immediately remove Dettelbach from office, fire every ATF employee and disband the entire rouge department. @ATFHQ

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With Herrera as ATF director, there’s a real opportunity to bring accountability, strip away flawed regulations, & dismantle the entire diseased temple.

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If you thought the leftist backlash during Trump’s 1st term was bad, these coddled, indoctrinated adult children will take up a renewed Resistance” against Freedom & American values.

Merica! Celebrate the landslide trump election win with a limited edition GLOCK 19 Gen 3 "Trump 2024 Mug Shot" 9mm Pistol, now at just $569.99.

DONALD Trump’s victory in the 2024 US presidential election has raised global concerns about how his economic policies may impact countries like Malaysia.

With an “America First” approach focused on protecting domestic interests, the Trump administration is expected to reshape international trade, shift investment flows and influence geopolitical relationships.

For Malaysia, this outcome presents not only challenges but also opportunities in key economic sectors, including trade, foreign investment and commodities.

Trump is anticipated to continue protectionist policies that prioritise US jobs and domestic production. His proposal to impose a 10% import tariff on all goods entering the US aims to reduce reliance on foreign products and bolster domestic manufacturing.

Additionally, Trump’s plan to impose tariffs as high as 60% on Chinese products could have significant implications for Malaysia, one of the major exporters of electronic products and components to the US. If high tariffs are applied to Chinese goods, Malaysian products incorporating Chinese components could also be impacted, potentially diminishing US demand for Malaysian exports.

While this situation presents risks, it also provides opportunities as companies diversify supply chains away from China. Malaysia benefitted from the “China+1” strategy during Trump’s first term, as exports to the US increased amid US-China trade tensions.

Malaysia’s semiconductor industry, a focus of large investments from multinational companies such as Intel and Infineon, may continue to attract interest as a stable manufacturing base.

Currently, Malaysia holds around 13% of the global market in chip packaging and testing, making it a favourable location for companies seeking to expand operations outside of China. These conditions indicate Malaysia’s potential to further establish itself as a manufacturing hub if it can maintain political stability and investor-friendly economic policies.

The energy sector is also likely to be affected. Trump’s pro-oil stance could lead to increased US production and exports of fossil fuels. Should global oil prices rise, Malaysia, as an oil exporter, stands to benefit from higher national revenue.

However, rising oil prices also carry inflationary risks, as increased energy costs could drive up production costs and consumer prices domestically. While the energy sector may gain, higher energy costs could pressure consumer purchasing power and escalate operational costs for local industries.

To maximise these potential gains, Malaysia will need to balance these impacts on the consumer sector and ensure monetary policies support price stability.

The Malaysian commodity sector, particularly palm oil, faces potential challenges as well. During Trump’s first term, the US imposed import restrictions on Malaysian palm oil companies such as FGV Holdings and Sime Darby Plantation over allegations of forced labour. These restrictions affected Malaysian palm oil exports to the US, reducing revenue and harming the country’s image as a responsible producer.

Should similar policies persist, Malaysia will need to strengthen sustainable labour practices and meet international standards to retain access to global markets and protect its reputation as an ethical producer.

Trump’s policies could bring added uncertainty to Malaysia’s capital markets and the ringgit’s value. With US interest rates currently at 4.75%-5.00%, any influence Trump may exert on the Federal Reserve to raise rates could lead global investors to favour US assets, potentially causing capital outflows from Malaysia.

In 2023, Malaysia saw a 6.8% decline in foreign equity inflows, and the ringgit depreciated by around 8% against the US dollar. This shift reduces liquidity in local capital markets, and foreign investors may approach Malaysian equities with greater caution, especially if Trump’s policies introduce additional tariffs or trade restrictions.

As demand for the US dollar rises, the ringgit may face continued downward pressure. A weaker ringgit could increase import costs, particularly in vital sectors like food and technology, compounding domestic inflationary pressures, which currently stand at 2.8%.

To address these challenges, Malaysia needs a strong risk management strategy to maintain market stability and support the ringgit amid growing uncertainties.

In addition, Trump’s protectionist stance may directly impact Foreign Direct Investment (FDI) into Malaysia. As a manufacturing hub in Southeast Asia, Malaysia could see reduced FDI if the US pursues an aggressive stance on countries with significant trade surpluses.

Trump’s emphasis on protecting US jobs and domestic economic interests may lead to decreased investment from US companies in Malaysia.

Concurrently, prolonged US-China trade tensions could make investors more cautious about Malaysia, which may be perceived as politically and economically vulnerable. Any decline in FDI could affect job creation, technology growth and Malaysia’s long-term economic stability.

Furthermore, Trump’s victory raises concerns about the future of the US-led Indo-Pacific Economic Framework (Ipef). Trump has previously expressed a desire to withdraw from trade agreements like Ipef, which he sees as “another TPP”. If this happens, Malaysia may face challenges in maintaining market access and regional economic integration.

To prepare, Malaysia must diversify its trade partnerships, strengthen local industries and foster growth in resilient sectors. Malaysia’s involvement in Ipef reflects its commitment to regional economic integration, which could help mitigate the negative effects of US protectionist policies.

In summary, Trump’s victory could have significant implications for Malaysia’s economy. Protectionist policies and prolonged trade tensions could disrupt global supply chains, increase market uncertainty and challenge Malaysia’s economic growth.

Malaysia must be prepared with sustainable and adaptable strategies to tackle these challenges while capitalising on emerging opportunities to maintain economic resilience amid an increasingly complex global landscape.

The writer is a researcher and Islamic Finance consultant.
Comments: letters@thesundaily.com

TAIPEI: A state-funded English-language broadcaster in Taiwan removed a video of one of its journalists calling US President-elect Donald Trump a “convicted felon”, after the Taipei government said the incident was “very serious”.

Taiwan has publicly congratulated Trump on his victory, joining other governments around the world in trying to get onside with the next US administration.

Washington has long been Taipei’s most important supporter, but Trump raised concerns on the campaign trail by suggesting Taiwan should pay the United States for its defence and accusing it of stealing the US semiconductor industry.

TaiwanPlus correspondent Louise Watt was speaking on camera in the United States last week when she said “the US is either going to vote in its first female president or its first convicted felon”.

“Well America looks like it’s chosen the felon,“ Watt said, in a clip shared by Taiwanese broadcaster TVBS and seen by AFP.

Taiwan Culture Minister Li Yuan told local media on Saturday that TaiwanPlus took down the video after he told the broadcaster “that this issue is very serious”.

Public Television Service Foundation, which manages TaiwanPlus, said Monday the broadcaster had “humbly reviewed its operational procedures” following the report.

The foundation said it will convene a “self-discipline” committee this week to “discuss the matter”.

TaiwanPlus broadcasts videos on its website, YouTube and cable television.

More than 90 percent of its viewers are overseas, the foundation said.

In 2023, TaiwanPlus began showing in US hotels in “key cities frequented by political and economic elites, such as Washington, D.C., New York, Los Angeles, and Seattle”, the foundation said.

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MOSCOW: Former Russian President Dmitry Medvedev accused European leaders on Tuesday of seeking to dangerously escalate the Ukraine conflict following the re-election of former U.S. President Donald Trump.

Medvedev, a senior security official, wrote on Telegram that European politicians were aiming to “push the conflict with Russia into an irreversible phase” while they could and warned against allowing Kyiv to use Western long-range missiles to fire at targets inside Russia.

Medvedev dismissed what he called “ultimatums” issued by German opposition leader and possible next chancellor Friedrich Merz about Ukraine’s use of such weapons as “electioneering in nature”.

“It is clear that these missiles are not capable of changing anything significantly in the course of military operations”, he said.

French President Emmanuel Macron and British Prime Minister Keir Starmer reaffirmed their support for Kyiv during talks in Paris on Monday, while France’s foreign minister urged Ukraine’s allies not to prejudge how Trump will handle the conflict.

“Generally speaking, it is surprising to what extent the current generation of European politicians wants to drag the war into their territory”, Medvedev said.

Medvedev previously said that Trump’s win would likely be bad news for Ukraine. Trump, a Republican, has repeatedly criticised the scale of Western aid to Kyiv and has promised to end the conflict swiftly, without explaining how.

The Kremlin dismissed on Monday reports that Trump had spoken to Russian President Vladimir Putin in recent days as “pure fiction.”

NEW YORK: The judge overseeing Donald Trump’s criminal hush money case has put off ruling on whether the president-elect’s conviction should be thrown out on immunity grounds, enabling prosecutors to weigh next steps following his Nov. 5 election victory.

Justice Juan Merchan had been due to rule on Tuesday on Trump’s argument that the U.S. Supreme Court’s decision in July that presidents are immune from prosecution involving their official acts meant the New York state case should be dismissed.

Instead, Merchan granted a request by Manhattan District Attorney Alvin Bragg’s office to have until Nov. 19 to consider how to approach the case in light of Trump’s looming inauguration in January 2025, email correspondence made public on Tuesday showed.

Trump’s scheduled Nov. 26 sentencing is now widely expected to be postponed.

Trump in May became the first U.S. president - former or sitting - convicted of a crime when a jury in Manhattan found him guilty on 34 felony counts of falsifying business records to cover up a potential sex scandal shortly before his first election win in 2016. Trump, who pleaded not guilty, has vowed to appeal the verdict after sentencing.

Prosecutor Matthew Colangelo wrote there were “competing interests” between ensuring a criminal case proceeds as usual and protecting the office of the president.

“The People agree that these are unprecedented circumstances,“ Colangelo wrote.

Trump is set to be the first felon inaugurated as president after his victory over Vice President Kamala Harris.

At issue in the six-week Manhattan trial was a $130,000 payment made by Trump’s then-lawyer Michael Cohen to adult film actress Stormy Daniels to keep quiet about a sexual encounter she said she had with him in 2006 but which he has denied.

Trump’s defense lawyer Emil Bove wrote that the case ultimately needed to be dismissed to avoid interfering with Trump’s presidential duties.

“The stay, and dismissal, are necessary to avoid unconstitutional impediments to President Trump’s ability to govern,“ Bove wrote.

TRUMP FACED FOUR CRIMINAL CASES

Trump, 78, is hoping to enter office unencumbered by any of four criminal cases he has faced and which once were thought to have threatened to derail his 2024 candidacy to return to the White House after having served from 2017-2021.

The Republican Trump has portrayed the hush money case brought by Bragg, a Democrat, and the three other state and federal criminal indictments brought in 2023 as politically motivated attempts to harm his presidential campaign. He pleaded not guilty in all four cases.

“It is now abundantly clear that Americans want an immediate end to the weaponization of our justice system,“ Trump campaign spokesperson Steven Cheung said in a statement on Tuesday.

Special Counsel Jack Smith brought two of the cases against Trump, one involving classified documents he kept after leaving office and the other involving his efforts to overturn his 2020 election loss. A Florida-based federal judge in July dismissed the documents case. The Justice Department is now evaluating how to wind down Smith’s election-related case.

Trump also faces state criminal charges in Georgia over his bid to reverse his 2020 loss in that state, but the case remains in limbo.

The Supreme Court, in a decision arising from one of Smith’s two cases against Trump, decided that presidents are immune from prosecution involving their official acts and that juries cannot be presented evidence of official acts in trials over personal conduct. It marked the first time that the court recognized any degree of presidential immunity from prosecution.

In making the case for immunity, Trump’s lawyers said the jury that convicted Trump in the hush money case was shown evidence by prosecutors of his social media posts as president and heard testimony from his former aides about conversations that occurred in the White House during his 2017-2021 term.

Bragg’s office countered that the Supreme Court’s ruling has no bearing on the case, which they said concerned “wholly unofficial conduct.” The Supreme Court in its ruling found no immunity for a president’s unofficial acts.

JAKARTA: Indonesia's President Prabowo Subianto met with U.S. President Joe Biden at the White House on Tuesday and offered his congratulations to President-elect Donald Trump by phone during an official visit to Washington.

“I will work very hard to strengthen Indonesian-United States relationship, and I would like to work towards this end that we have a strong cooperation,“ said Prabowo.

Prabowo, who has said he will pursue a non-aligned foreign policy, met with Biden in the Oval Office after posting a video of his call to Trump.

He arrived in Washington straight from China, where he had met with President Xi Jinping on his first overseas trip since taking office last month.

Washington sees Indonesia, the most populous country in Southeast Asia, as an important partner in a region where its rival Beijing has deep trade and investment ties. Indonesia is also the world's most populous Muslim-majority country.

While China is a key economic partner for Indonesia, Jakarta has also become a big buyer of U.S. arms, and it wants to sell the West more metals from its mines.

At the White House, Biden said the two leaders were discussing climate, conflict in the Middle East and the South China Sea.

Indonesia said on Monday it does not recognize China's claims over the vast majority of the South China Sea, despite signing a maritime development deal with Beijing.

“We continue to encourage Indonesia to work with their legal experts to make sure any agreement they make with (the People’s Republic of China) is in accordance with international law, especially the UN Convention on the Law of the Sea,“ said White House spokesperson Karine Jean-Pierre at a press briefing.

TRUMP CALL

Prabowo's office said he made the call to Trump on Monday after arriving in Washington. It did not immediately respond when asked if he is scheduled to meet Trump in person.

“Wherever you are, I’m willing to fly to congratulate you personally, sir,“ Prabowo said in the video of the call posted on his social media accounts.

“We’ll do that, anytime you want,“ Trump replied.

Trump described his own election victory as amazing, and said it gave him a big mandate.

He also said the Indonesian president was “very respected,“ and praised his English, to which Prabowo, a former special forces commander, replied: “All my training is American, sir.”

Prabowo also met with several U.S. company representatives in Washington, his office said, including from Freeport McMoRan and energy company Chevron, and urged the companies to invest in Indonesia. (Reporting by Stanley Widianto in Jakarta and Jeff Mason in Washington; Writing by Trevor Hunnicutt; Editing by John Mair, David Gregorio and Rosalba O'Brien)

WASHINGTON: U.S. President-elect Donald Trump said on Tuesday he has picked Fox News Channel host Pete Hegseth to be secretary of defense, tapping an outsider who has railed against diversity in the military.

“Pete is tough, smart and a true believer in America First,“ Trump said in a statement. “With Pete at the helm, America’s enemies are on notice - Our Military will be Great Again, and America will Never Back Down.”

Hegseth is an Army National Guard veteran and according to his website served in Afghanistan, Iraq, and Guantanamo Bay, Cuba.

Hegseth has said he left the Army in 2021 after being deemed an extremist by an Army that didn't want him anymore.

“The feeling was mutual -- I didn’t want this Army anymore either,“ Hegseth said in his book “The War on Warriors: Behind the Betrayal of the Men Who Keep Us Free.”

There is already anxiety in the Pentagon that Trump aims to root out military officers and career civil servants he perceives to be disloyal.

Culture war issues could be one trigger for firings. Trump was asked by Fox News in June whether he would fire generals described as “woke,“ a term for those focused on racial and social justice but which is used by conservatives to disparage progressive policies.

“At a basic level, do we really want only the woke ‘diverse’ recruits that the Biden administration is curating to be the ones with the guns and the guidons?” Hegseth wrote in “The War on Warriors,“ which was published in June.

“We want those diverse recruits -- pumped full of vaccines and even more poisonous ideologies -- to be sharing a basic training bunk with sane Americans,“ he said.

Trump's former U.S. generals and defense secretaries are among his fiercest critics, with some declaring him unfit for office. Angered, Trump has suggested that his former chairman of the Joint Chiefs of Staff, Mark Milley, could be executed for treason.

U.S. President-elect Donald Trump on Tuesday named Elon Musk and former Republican presidential candidate Vivek Ramaswamy to lead a newly created Department of Government Efficiency, rewarding two of Trump’s well known supporters from the private sector.

Musk and Ramaswamy “will pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies,“ Trump said in a statement.

Trump said the new department “will provide advice and guidance from outside of government,“ signaling the entity would operate outside the confines of government.

However, it would work with the White House and Office of Management & Budget to “drive large scale structural reform, and create an entrepreneurial approach” to government never seen before.

Trump said their work would conclude by July 4, 2026, making it a “gift” to the country on the 250th anniversary of the signing of the Declaration of Independence.

Musk, ranked by Forbes as the richest person in the world, already stood to benefit from Trump’s victory, with the billionaire entrepreneur expected to wield extraordinary influence to help his companies and secure favorable government treatment.

Musk gave millions of dollars to support Trump’s presidential campaign and made public appearances with him. Trump had said he would offer Musk a role in his administration promoting government efficiency.

He has many links to Washington, opens new tab and his lineup of companies includes electric car company Tesla (TSLA.O), opens new tab, social media platform X and rocket company SpaceX.

“This will send shockwaves through the system, and anyone involved in government waste, which is a lot of people!” Musk said, according to Trump’s statement, which called the new government initiative “potentially ‘The Manhattan Project’ of our time,“ referring to the U.S. plan to build the atomic bomb that helped end World War Two.

Ramaswamy is the founder of a pharmaceutical company who ran for the Republican presidential nomination against Trump and then threw his support behind the former president after dropping out.

“We will not go gently, @elonmusk,“ Ramaswamy said on X.

Musk reposted the announcement from Trump on his X account and added comments such as that, “The merch will be (fire),“ using three fire emojis, and, “People have no idea how much this will move the needle!”

He also posted: “Threat to democracy? Nope, threat to BUREAUCRACY!!!”

The acronym of the new department - DOGE - coincides with the name of the cryptocurrency dogecoin that Musk promotes.

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