"We're going to give people about a year, a year and a half to come in and, after that, they're going to be tariffed," Trump told reporters

Anwar's remarks came as US Secretary of State Marco Rubio flew to Malaysia for talks overshadowed by fears of a trade war.

Trump said countries have been clamoring to negotiate.

Southeast Asian nations will express "concern" over "counterproductive" US tariffs, according to a draft statement shared with AFP on Tuesday, after Donald Trump threatened more than a dozen countries with higher levies.

The EU will seek to rebalance economic ties with China, demanding it eases market access for European firms and loosen export controls on rare earths at a summit this month, the bloc’s chief said Tuesday.

The reward for negotiators from South Africa to Malaysia working to reach a deal with the White House: three more weeks in the pressure cooker. On Monday, President Donald Trump again extended his deadline to seal country-by-country trade agreements, this time until August 1. The announcement came posed as a threat, with letters sent to a group of world leaders declaring that their exports would be subject to levies ranging from 25 percent to 40 percent next month. Effectively a reminder of Trump’s “Liberation Day” tariff threats, his whack-a-mole demands portend ill for any deals that are struck.

Bangladesh’s foreign exchange reserves declined by $2.02 billion after routine payments under the Asian Clearing Union (ACU) mechanism on Monday.

Bangladesh maintained its position as the world’s second‑largest apparel exporter in 2024, behind only China, according to World Trade Organization (WTO) data.

'The final tariff will be fixed in the one-to-one negotiation with the USTR... The rate is not final yet...,' says finance adviser

Trump issued similar letters to countries including Bangladesh, saying he would slap duties on their products ranging from 25 percent to 40 percent.

Failure to secure a more favourable bilateral agreement by Aug 1 deadline would be a significant blow to the country's export-oriented economy

US President Donald Trump began informing, in a wave of letters, a range of trading partners from Japan to Myanmar of sharply higher tariffs on goods they sell into the United States starting August 1

Indonesia’s flour mills association will sign a deal to import at least one million metric tons of US wheat annually for the next five years in a $1.25 billion deal, it told AFP Monday, as Jakarta lays the groundwork to avoid the worst of Donald Trump’s tariffs.

Samsung's HBM struggle dents profit amid Nvidia certification woes

Here's the state of play for several US trading partners facing deadlines this week

Commerce Secretary Howard Lutnick told reporters the higher tariffs would take effect on August 1

"Thank you for your attention to this matter!" Trump said in a post on Truth Social

With sweeping tariffs on friend and foe, US President Donald Trump has roiled financial markets and sparked a surge in economic uncertainty -- and tensions are mounting days before a fresh volley of higher duties are due to kick in.

US President Donald Trump said Friday that he had signed 12 trade letters to be sent out next week ahead of an impending deadline for his tariffs to take effect.

US, China to discuss TikTok; Trump seeks Xi's approval