Growth under pressure amid Trump tariffs


— AFP

SINGAPORE: Singapore could be looking at slower growth after US President Donald Trump on April 2 announced a decision to impose a 10% tariff on most goods imported into the United States from the city-state and its key partners, with higher duties for many other countries, including those in Asean.

“International trade and investments will suffer, and global growth will slow,” Prime Minister Lawrence Wong said in a five-minute video uploaded to his social media accounts last Saturday.

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Singapore , tariff , GDP , trade

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