Trade-reliant Singapore is expected to suffer if the global economy slows down. SINGAPORE: At midnight on Wednesday (Apr 9), steep tariffs on “nations that treat (the United States) badly” went into effect. In Asia, major stock indexes sank . But less than 24 hours later, President Donald Trump announced a 90-day pause, bringing tariffs back to a 10 per cent baseline for all countries, except China. Tariffs on Chinese goods shot up to 125 per cent. These moves, along with the all-round