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.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Singapore , tariff , GDP , trade

Next In Business News

OCBC to offer physical gold trading, storage in Singapore
Indonesia's FX reserves slide to two-year low, sparking concern�
US allegations of forced labor refuted
Chipmakers drag South Korea, Taiwan stocks lower as investors unwind AI bets
Liftech to raise RM23mil from ACE Market IPO
Yuan brushes off dollar strength, trade data eyed
Supply crisis to push costs beyond oil prices, whole-of-nation response needed
How a few AI chip giants warped Asia's stock picking game
Bursa Malaysia falls at midday as regional sell-off weighs
Sirim appoints Nik Sazali Nik Hussin as president and group CEO

Others Also Read