President Donald Trump will impose a 19% tariff on exports from Malaysia to the US, a lower rate than the 25% levy he threatened in July.

Economies not listed in Trump's new executive order, such as Singapore, will face a baseline 10 per cent tariff.

United States President Donald Trump has imposed a new 19 percent tariff rate on Malaysia, as the deadline takes effect today. The new rate represents a six percentage point reduction from the 25 percent reciprocal tariff announced last month.