U.S. President Donald Trump and Malaysian Prime Minister Anwar Ibrahim held a crucial phone call on July 31, just a day before a 25% U.S. tariff on Malaysian goods was to take effect. Both sides moved toward reducing tariffs to as low as 15-20%, with an official announcement expected by August 1. Malaysia agreed to concessions on halal certification and rare earth mineral supplies. Separately, Malaysia mediated a Thailand-Cambodia ceasefire, with support from the U.S. and China.
U.S. President Donald Trump and Malaysian Prime Minister Anwar Ibrahim participated in an important phone call on the morning of July 31, held just one day before the 25 percent tariff on Malaysian goods in the United States was set to take effect.
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