Malaysia PM says US tariff rate on Malaysian goods to be announced Friday
'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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