U.S. President Donald Trump will announce Malaysia’s tariff rate on Friday, as informed to Prime Minister Anwar Ibrahim during a phone call earlier today.
00:00President Donald Trump will announce Malaysia's tariff rate on Friday, according to Prime Minister Datuk Seri Anwar Ibrahim.
00:08Anwar says Trump informed him of the decision during a phone call earlier today.
00:13He said tariff talks were based on the principle of free trade, expressing hope that the new rate will not burden the people and the economy.
00:22Anwar also confirmed that Trump will attend the 47th ASEAN Summit in Oktober.
00:27Malaysia currently faces a 25% tariff on exports to the US, its largest trading partner.
00:35The Trump administration has already struck trade deals with several Asian countries, including Indonesia, Japan and the Philippines, South Korea and Vietnam, ahead of the August 1st deadline.
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