Trump tariffs: Singapore economy could be hit hard by trade slowdown but there may be a silver lining, say analysts
Government
Singapore faces a 10 per cent tariff from the US – the lowest in Southeast Asia – but there remains broader trade risks. SINGAPORE: Singapore's small, open economy could be hit hard by a US-led global trade slowdown, analysts warned, even if the country may gain a relative advantage due to significantly higher tariffs being imposed on its regional peers. Their comments followed US President Donald Trump's announcement on Wednesday (Apr 2) of a sweeping 10 per cent tariff on all imports into the
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