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The tariff rates on syringes and needles will increase from 0% to 50% in 2024. For certain personal protective equipment (PPE), including certain respirators and face masks, the tariff rates will increase from 0–7.5% to 25% in 2024. Tariffs on rubber medical and surgical gloves will increase from 7.5% to 25% in 2026.
Top Glove shares surge 20%, rivals also climb on higher US tariffs on Chinese gloves
TheEdge Wed, May 15, 2024 09:50am - 22 minutes
KUALA LUMPUR (May 15): Shares of Malaysian glove manufacturers surged on Wednesday after the US raised the tariffs on Chinese rubber medical and surgical gloves to 25% from 7.5%.
Top Glove Corp Bhd (KL:TOPGLOV), the world’s largest glove maker by capacity, rose as much as 20% to RM1.15. Hartalega Holdings Bhd (KL:HARTA) climbed 19% to RM3.51 while Kossan Rubber Industries Bhd (KL:KOSSAN) was up 16% to RM2.76.