Summary: US President Donald Trump announced his intent to impose higher tariff rates on goods from 14 countries, including 25% on Malaysia and 32% on Indonesia. The tariffs, which will take effect on August 1st, are part of a larger effort to overhaul US trade policies and aim to address perceived trade imbalances. While Trump indicated he is open to negotiations, he also warned against retaliation and suggested that the August 1st deadline is not set in stone.

Link: https://www.businesstimes.com.sg/international/global/trump-announces-tariff-rates-14-countries-including-25-malaysia-32-indonesia