Singapore’s DPM Gan warns firms that US tariffs may stay after Trump

Singapore's Deputy Prime Minister and Minister of Trade and Industry Gan Kim Yong addresses the US tariffs in the first Singapore Economic Resilience Taskforce meeting in Singapore April 16, 2025. - Photo: Reuters

SINGAPORE: Singapore’s Deputy Prime Minister Gan Kim Yong warned that US tariffs may outlast President Donald Trump, urging businesses to adapt to a more protectionist global trade landscape. 

"We cannot bank on the possibility that the tariffs will go away after four years with a different US administration,” he said in a speech at a conference in the city-state Thursday (July 3).