Singapore businesses bracing for ripple effects as Trump's new tariffs target Asia: Observers
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At least 14 countries - mainly in Asia - will face tariffs of up to 40 per cent from Aug 1, unless deals are struck with the US beforehand. SINGAPORE: Companies in Singapore are bracing for more uncertainty after United States President Donald Trump announced new import tariffs of up to 40 per cent on certain countries. Letters sent to 14 countries, mainly in Asia, on Monday (Jul 7) outlined that tariffs will take effect on Aug 1 unless deals are struck with the US beforehand. Singapore is not
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