President Donald Trump on Wednesday is set to announce the most expansive US trade restrictions in a century, at a stroke upending the postwar global trading system and posing difficult-to-predict economic risks.

Trump tariff rollout opens new era of risk for global economy

President Donald Trump is about to reopen a trade-war front with China left over from his first term: protecting American business from copycats.

Trump targets Chinese IP theft again as firms lament slow fixes 

American companies of all sizes are on edge over President Donald Trump’s tariffs, but it’s arguably small business that is most exposed.

Trump’s tariff wars leave US small business with nowhere to hide

The European Union is willing to work with the Trump administration on a deal that would lower tariffs for industrial goods and boost purchases of American exports like natural gas and soybeans, the bloc’s trade chief said.

EU trade chief says ready to work with US on lower tariffs

The more President Donald Trump threatens tariffs on the US’s trading partners, the more the worry of another inflation wave troubles global economists.

Stubborn consumer-price growth was bothering much of the world even before he entered the White House.

World inflation at risk of rekindling with Trump’s trade war

The US economy is set for an unexpected fiscal boost if lawmakers back a potential deal for US$70 billion (RM325.5 billion) worth of tax breaks for businesses and families.

US economy set for another cash boost if congress backs tax deal

(April 5): There’s virtually nowhere to hide for many US technology companies under President Donald Trump’s new tariff regime, the harshest in a century.

After Thursday’s slump wiped $1.4 trillion in market capitalization from the Nasdaq 100 Stock Index, the gauge is down 16% in t...

‘Worst-case scenario’ for tech wipes $1.4 trillion from Nasdaq

Prime Minister Datuk Seri Anwar Ibrahim said the impact of the latest tariff measures by the US on the national economy is still under assessment by relevant ministries and agencies led by the Ministry of Investment, Trade and Industry (Miti).

Anwar says impact of latest US tariff on nation's economy still being assessed

Foreign Minister Datuk Seri Mohamad Hasan received a phone call from US Secretary of State Marco Rubio on Friday.

In a post on his Facebook account on Friday, Mohamad said their discussion touched on, among other things, the Malaysia-US bilateral relations under the Comprehensive Cooperation Framework.

Tok Mat, Rubio discuss bilateral relations, Asean-US Special Summit date

America’s solar industry has a strategy for dulling US tariffs: hoard.

Developers have been amassing piles of solar panels for more than a year, in part because of other US levies imposed before President Donald Trump took office in January.

US solar’s hoarding habit will help blunt sting from Trump tariffs

Wall Street fell sharply for a second straight session on Friday, pushing the Nasdaq towards a bear market, after China imposed fresh tariffs on all US goods in response to the Trump administration's sweeping levies, escalating a global trade war.

Wall Street rout drags Nasdaq near bear market

Malaysian Prime Minister Datuk Seri Anwar Ibrahim and his Singaporean counterpart, Lawrence Wong, held discussions over the telephone on Friday regarding significant developments in the region, including the recent US tariffs.

Singapore, Malaysia and other Asean neighbours to strengthen cooperation — PM Wong

The police announced that their probe into the recent gas pipeline fire in Putra Heights, Subang Jaya would focus on elements of mischief and negligence.

Police probe into Putra Heights fire to focus on negligence, criminal elements

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President Donald Trump's new tariffs are "larger than expected" and the economic fallout including higher inflation and slower growth likely will be as well, Federal Reserve chair Jerome Powell said on Friday in remarks that pointed to the potentially difficult set of decisions ahead for the central bank.

Fed's Powell says larger-than-expected tariffs mean higher inflation, slower growth

In Malaysia’s capacity as Asean chair for 2025, under the Asean Economic Community (AEC) pillar, Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz will chair a Special Asean Economic Ministers’ Meeting on April 10.

Zafrul to chair special Asean meet to discuss implications, coordinate response on US tariffs

China retaliated against Donald Trump’s latest tariffs with commensurate levies on all American goods and export controls on rare earths, dealing a fresh blow to global markets and prompting the US president to quickly deride Beijing’s reaction as the “wrong” move.

China hits back at Trump with tariffs, limits on key exports

Mr DIY Group (M) Bhd (KL:MRDIY) said its founder Tan Yu Yeh will relinquish his role as the executive vice chairman of the home improvement retailer, effective April 17.

Yu Yeh, 54, is giving up the position as he intends to take on the role of adviser to the group, said Mr DIY in a filing with Bursa Malaysia on Friday.

Mr DIY founder Tan Yu Yeh relinquishes vice chairman post, to serve as adviser

Following the US Liberation Day’s reciprocal tariffs announced on April 3, 2025, the Madani government stands firm with the view that reciprocal tariffs do not serve the principles of free and fair trade stipulated under the World Trade Organization, of which 164 countries, including the US, is a member. The government also refutes the claim by the US authorities that Malaysia has imposed 47% tariff on US imports into Malaysia.

Malaysia refutes 47% US import tariff claim, takes measures to prioritise well-being of businesses and people

The Malaysian International Chamber of Commerce and Industry (MICCI) has called on the government to urgently set up a council to lead national-level mitigation efforts in response to the US' imposition of a 24% tariff on Malaysian exports, warning that up to 50,000 Malaysian jobs are at risk if the issue is not addressed immediately.

50,000 Malaysian jobs at risk, business chamber warns as it calls for urgent US tariff mitigation council

President Donald Trump blasted China for retaliating against his sweeping tariff plan and vowed his economic policies “will never change”, as the prospect of a trade war wreaked more havoc on the global economy.

Trump hits China tariff retaliation, says policy will remain

Malaysia will hold a special Cabinet meeting on the US’ reciprocal tariff later on Friday, TV3 reported, citing Prime Minister Datuk Seri Anwar Ibrahim.

Malaysia to hold special Cabinet meeting with BNM governor to discuss US tariff — report

KUALA LUMPUR (April 4): Telekom Malaysia Bhd (KL:TM) announced that its technical&nbsp;teams are ready and committed to&nbsp;restoring&nbsp;services and rebuilding any affected network infrastructure in stages, depending on the severity of the damage affected&nbsp;by the pipeline burst in Putra Heights.

TM to rebuild network infrastructure affected by Putra Heights fire incident

His Majesty Sultan Ibrahim, King of Malaysia has consented to the appointment of the new Malaysian ambassador to the US, Prime Minister Datuk Seri Anwar Ibrahim announced.

King consents to appointment of new Malaysian ambassador to US

China's retaliation on Friday against new US tariffs is poised to accelerate Beijing's move towards alternative suppliers for agriculture goods including Brazil, a shift that began during the trade war of President Donald Trump's first term.

Beijing unveiled a slew of countermeasures, including additional duties of 34% on all US goods, which are on top of the 10%-15% tariffs placed on roughly US$21 billion worth of agricultural trade in early March.

China retaliation on US farm goods hits soybeans, bolstering Brazil

China has suspended chicken products imports from two American producers, part of retaliatory measures against the US after President Donald Trump announced new tariffs on the Asian nation.

China suspends imports of chicken, sorghum from some US firms

Wall Street fell sharply for a second straight session on Friday, pushing the Nasdaq towards a bear market, after China imposed fresh tariffs on all US goods in response to the Trump administration's sweeping levies, escalating a global trade war.

Palm oil stockpiles in Malaysia climbed for the first time in six months as output bounced back, according to a survey, allaying worries that adverse weather will continue to hit supply in the second-biggest grower.

Malaysia's palm oil reserves seen rebounding as output surges

KUALA LUMPUR (April 4): Petronas Gas Bhd (PGB)(KL:PETGAS) reaffirmed that it always adheres to stringent safety measures, in line with international standards at all levels of its operations.&nbsp;

Petronas Gas reaffirms commitment to safety, reliability following Putra Heights fire incident

Here is a brief recap of some corporate announcements that made the news on Friday.

Axiata, Malaysia Smelting Corp, Lianson Fleet, Radium Development, Mr DIY, KKB, Ho Hup

The tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20% from a recent record high, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession.

Nasdaq set to confirm bear market as Trump tariffs trigger recession fears

Property developer Radium Development Bhd (KL:RADIUM) has announced its entry into the healthcare sector with plans to operate a 140-bed hospital in Malacca.

Radium Development to diversify into healthcare with 140-bed hospital in Malacca

The Malaysian ringgit is expected to weaken in the coming quarters due to the US's latest tariff measures, before strengthening towards the end of the year, according to United Overseas Bank (UOB).

Trump tariffs to weaken ringgit, UOB forecasts

For most of this decade, the Opec+ alliance has been the world’s most stalwart defender of high oil prices. In just a few moments this week, that role reversed dramatically.

Opec+ stuns oil market with policy shift to drive down price 

Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Friday.

FBM KLCI falls 0.97% to 1,504.14 on April 4, 2025

US stock futures tumbled further in early trading on Friday after China retaliated against new US tariffs with levies on all American imports.&nbsp;

Stock futures tied to the S&amp;P 500 Index were down as much as 4.1% by 7.32am in New York, while those linked to the Nasdaq 100 Index slumped as much as 4.6%.

Enda Curran