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COMMENT | Ginormous RM1t bill for small tariff cut

COMMENT | And so the cost of that reduction in tariff to 19 percent from 25 for Malaysian goods to the US is revealed as over US$240 billion - more than RM1 trillion - that’s paying way too much for very little, leaving us gaping at the gigantic sacrifice made.

Investment, Trade and Industry Minister Tengku Zafrul Abdul Aziz enumerated the concessions:

US$150 billion in purchases by multinational companies in Malaysia’s semiconductor, aerospace, and data centre sectors over five years;


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