Following US President Donald Trump’s newly introduced tariff on Malaysia, Prime Minister Anwar Ibrahim is holding an urgent meeting with his Cabinet members this evening to address escalating economic concerns.
According to Malay Mail, speaking to reporters after Friday prayers today, Prime Minister Anwar stated, “God willing, we will announce our response after the meeting.”
In response to Trump’s recent announcement
The session will be overseen by the technical committee responsible for managing Malaysia’s trade relations with the US, underscoring Putrajaya’s immediate action in responding to this economic threat.
The meeting was triggered by Trump’s recent announcement of significant tariffs on goods imported from 180 countries, branded as “Liberation Day” tariffs. This unexpected move has created turmoil in global markets, sparking fears of a possible worldwide recession.
Global markets have already experienced volatility due to concerns that the US tariffs might lead to retaliatory trade measures, potentially worsening recession risks.
