Helping hand: Gan at an Asean ministers’ meeting in Kuala Lumpur. Singapore says it is also reaching out to companies exporting to the United States to better understand the impact and offer support if necessary. — Bernama
SINGAPORE: Singapore is looking into the possibility of a cap on the tariff rate, similar to those negotiated in the US trade deals with Japan and the European Union (EU), Deputy Prime Minister Gan Kim Yong says.
Gan was speaking to the media in Singapore after US President Donald Trump announced sweeping new tariffs last Thursday, including 100% duties on branded drugs imported into the United States with effect from Oct 1.
