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Malaysia PM says US tariff rate on Malaysian goods to be announced Friday
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Malaysia PM says US tariff rate on Malaysian goods to be announced Friday
Jul 30, 2025 10:52 PM

KUALA LUMPUR, July 31 (Reuters) - The U.S. tariff rate

on Malaysian goods will be announced on Friday, Malaysian Prime

Minister Anwar Ibrahim said on Thursday after speaking to U.S.

President Donald Trump.

"We discussed tariff issues in the spirit and principle of

free trade ... After the explanation I provided, he (Trump)

decided to postpone the announcement to the following day, and

the tariff rates will be announced," Anwar said in a speech to

parliament to present the country's new five-year economic plan.

Anwar also said Trump confirmed that he would attend an

ASEAN summit in Malaysia in October.

Malaysia will target annual GDP growth of 4.5% to 5.5% from

2026 to 2030, Anwar said when launching the new five-year plan.

The Southeast Asian nation is also targeting export growth

of 5.8% a year in the plan, and will strive to keep inflation at

an average rate of 2%-3% for the period, he said.

"The next five years will be a crucial period for Malaysia

to not only transition into a high-income nation but also to

provide a high quality of living for the people," Anwar said.

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