TRUMPED

1. The Government seems happy with the deal they have negotiated with Trump.

2. What is the deal? In return for the U.S. reducing the tariff from 25% to 19%, Malaysia is abolishing all taxes on 11,000 U.S. products entering Malaysia.

3. And the Prime Minister has stated that Malaysia will supply the U.S. with rare earth.

4. Now rare earth as rare earth fetches little money. It is only 5% of the total value of the material. Malaysia should process the rare earth and extract the elements in it because the return would be as much as 30 times higher than just rare earth.

5. Why is Malaysia so stupid as to accept only 5% of the value when we can get many times more.

6. As far as the 11,000 products are concerned, we are abolishing 100% of our tax. For this we only get a reduction in U.S. tariff of only 6% (from 25% to 19%).

7. That is not a good deal.

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