financetom
Economy
financetom
/
Economy
/
Malaysia PM says US tariff rate on Malaysian goods to be announced Friday
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Janet Yellen Warns US Could Hit Debt Ceiling On Tuesday, Suspends Investments In 2 Government Employee Benefit Funds
Janet Yellen Warns US Could Hit Debt Ceiling On Tuesday, Suspends Investments In 2 Government Employee Benefit Funds
Jan 17, 2025
Janet Yellen, the U.S. Treasury Secretary, on Friday cautioned that the government will reach its borrowing limit on Tuesday, necessitating the use of “extraordinary measures” to prevent a potential default. What Happened: Yellen revealed that the Treasury will commence the use of extraordinary measures starting January 21. The duration of these measures is uncertain, and Yellen has urged Congress to raise or suspend the...
US will hit debt limit on Tuesday, Yellen says in letter
US will hit debt limit on Tuesday, Yellen says in letter
Jan 17, 2025
WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen said that the government would reach its statutory borrowing limit on Tuesday and would begin employing extraordinary measures to keep from breaching the cap and triggering a potential catastrophic default. Yellen, in a letter on Friday to congressional leaders just three days before the Biden administration turns over U.S. government control to...
US agency sues two automakers, alleging discrimination and harassment
US agency sues two automakers, alleging discrimination and harassment
Jan 17, 2025
(Reuters) - The U.S. Equal Employment Opportunity Commission on Friday sued two large automakers, accusing General Motors ( GM ) and the United Auto Workers of age discrimination and the Stellantis ( STLA ) unit that includes Chrysler of subjecting female employees to sexual harassment. GM and the UAW were accused of having since October 2019 maintained a sickness-and-accident benefits...
Trump team plans wealth-fund revamp for federal agency, Bloomberg News reports
Trump team plans wealth-fund revamp for federal agency, Bloomberg News reports
Jan 17, 2025
(Reuters) - President-elect Donald Trump's team wants the U.S. International Development Finance Corp (DFC) to function more like a sovereign wealth fund and be an effective tool for deploying economic power, Bloomberg News reported on Friday. Plans discussed for the federal agency include how it could use investments to boost U.S. influence in Panama and Greenland, the report said, citing...
Copyright 2023-2025 - www.financetom.com All Rights Reserved