Ringgit retreats to open marginally lower as Trump's tariff move weighs

The ringgit retreated to open marginally lower today, weighed by pressure against the US dollar following United States (US) President Donald Trump's announcements on global reciprocal tariffs.

At 8 am, the ringgit inched lower to 4.4425/4445 against the greenback from yesterday's close of 4.4400/4460.

The Trump administration imposed sweeping reciprocal tariffs, with the White House releasing a list of roughly 100 countries and their respective tariff rates, including Malaysia.