US tariffs have not affected Singapore import prices; no direct impact on inflation expected: Gan Siow Huang
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Singapore has been subjected to a baseline 10 per cent tariff on goods entering the United States since April last year. SINGAPORE: Tariffs imposed by the United States have so far not impacted Singapore’s import prices, Minister of State for Trade and Industry Gan Siow Huang said in parliament on Thursday (Feb 12). Import prices fell in 2025, and this decline has helped to lower headline inflation and core inflation - which excludes accommodation and private road transport - to 0.9 per cent
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