XRP keep demote

no touch ADA

I think it was announced long ago, and take into effect tomorrow US time. Malaysia import goods worth billions from US, while exporting smaller amounts. I hope Malaysian businesses isn't affected

News calendar marked it as Trump Speaks at 4am on the 3rd of April Malaysia time, so likely press conference to announce it. Of course being a Content President he can just post it on his Truth Social.

No. The announcement is for the new Reciprocal tariff that will hit every country that exports to the US. Practically a 'You tax my stuff, I tax yours' tariff. Also you got it the other way around as Malaysia exports to USA more than we import and is one of our top trading partners.

I just registered on Hata. How does it compare to Luno?

Another question, since I plan to invest a maximum of RM50 daily, would it be best to buy on Luno or Hata, stake the assets, perhaps in week/bi-weekly then convert and transfer them to Binance or Nexo for withdrawal at my convenience?

lifenoregret no staking in hata. Luno you can stake but luno impose tax on the income. since you know how to send cryptos already, better to send out to binance/nexo to stake

just use hata for on-ramp purposes

This post has been edited by Medufsaid: Apr 2 2025, 05:06 PM

How was the fees on XLM? If I planned on sending daily to Binance/Nexo?

This post has been edited by lifenoregret: Apr 2 2025, 10:38 PM

I just check again, i got it wrong. The question now did Malaysia put US products in heavy tax? If yes, Malaysian company who export to US can't sell more soon

This post has been edited by Vrese: Apr 2 2025, 05:59 PM

That is why some are calling it the 'Known Unknown' and the world market is just bracing for it. We know he is going to do it but we don't know how. Reciprocal could be done by goods, meaning if you tax US cars for 30%, the US will put a 30% tariff on your car coming into the US. However, that means there going to be tens of thousands of tariff codes from thousands of goods and hundreds of countries which would be crazy to manage.

Or Trump can just go all out and say if you tax my car for 30%, I'd tax your WHOLE country for 30%.

How this is going to affect Malaysia we'd just have to wait for the 4am press conference. Also it is not just Malaysian company, it's everything that is made outside of US. It can be a German company making the goods in Malaysia and exporting it to the US and that gets slapped with tariff. So the German company decides to close the Malaysian plant and opens one in USA and Malaysia suffers too. We know that is stupid but that is what Trump wants to do with his tariff policies.

I didn't see from this prospective before. Since Malaysia has many foreign company manufacturing electronic chip, this could spell trouble for Malaysia too. It's only stupid from Malaysia prospective but look really smart from America prospective because it benefits them

Let's wait and see what will be officially announced at 4am local time tomorrow morning

brace for impact

4am. That is when US market close.

Malaysia kena 24%, more than EU, UK.

Malaysia get 24%
Maybe good time for the gov to lower iPhone price by reducing the tax

Edited: Malaysia actually didn't impose heavy taxes on imported American product. However we don't have Free Trade Agreement with them.

This post has been edited by Vrese: Apr 3 2025, 06:09 AM

I thought reciprocal tariffs means a 1-to-1 ratio.

You charge 47% we charge 47%.

But this is "discounted" reciprocal tariiffs. What an oxymoron.

It is like a a discounted Newton's third law of motion.

where did he get the 47% number from Malaysia charged to US?

His calculation of 47% is not just plain goods tax but includes currency manipulation and trade barriers. So the reciprocal tariffs won't be one on one and won't be the same to all countries.

Some magic numbers that also includes currency manipulation and trade barriers as stated on the chart he is holding up. It's not just plain goods tax.