Tengku Zafrul Aziz refuted Dr. Mahathir Mohamad's criticisms of a recent trade deal with the US, calling them "false allegations." Mahathir claimed Malaysia agreed to remove all taxes on 11,000 US products for a minor reduction in US tariffs on Malaysian goods and would supply raw rare earth to the US at low cost. Tengku Zafrul clarified that only 60.4% of US product tariffs would be eliminated, not all, and that there's no agreement for exclusive rare earth supply or intention to export it unprocessed. He emphasized Malaysia's policy requires domestic processing of rare earth before export and urged Mahathir to review the official statement and reveal his source.
This article has been processed for multi-language support.