Doubling down on his trade wars, President Trump is threatening to raise taxes on many goods from Canada and punish Brazil for prosecuting his friend.

Earlier this year in April, Trump announced the “Liberation Day tariffs”, which included a 24% tariff on Malaysian exports as part of a broader global plan targeting roughly 49 more countries. He then paused it for 90 days to allow for negotiations.

President Donald Trump announced new tariffs on 14 countries, marking a pivotal shift in U.S. trade policy. These tariffs, effective August 1, aim to address trade imbalances and rejuvenate American manufacturing.

Marco Rubio meets with Russian foreign minister amid tensions over Ukraine and Trump releases tariff letters to trading partners.

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Trump's top trade negotiators have pushed deadlines and sent tariff letters after failing to reach Trump's 90 trade deals in 90 days target.

President Trump has told roughly two dozen countries that they will face tariffs of at least 20 percent on ... Trump Tariff Letters: See the ... Malaysia, South Africa, Kazakhstan, Laos, Myanmar ...

The US is still Malaysia’s third-largest buyer for chip exports. The Southeast Asia nation is also responsible for packaging nearly 10% of the world’s semiconductors, and around 40% of its exports are electrical and electronic products. In 2024, the country sold over 575.45 billion ringgit-worth of semiconductors, equal to about $135 billion.