The April 14 announcement of downgrading by MTI comes exactly two months after a February 14 media release stating that the ministry was maintaining the Singapore “GDP growth forecast for 2025 at 1.0 to 3.0 per cent”. That media release had said that the Singapore economy had expanded by 4.4 per cent in 2024.
Tag: Donald Trump
US Commerce Secretary says tariff exemptions on electronics temporary
It’s the latest tariff change by the Trump administration, which has made several U-turns in its massive plan to put tariffs in place on goods from most countries. Lutnick’s comments Sunday made clear that more changes were on the way, including a policy specific to the computer chip industry.
H-1B, Green Card holders will now need to carry IDs all the time after imposition of new rules in USA
H-1B, Green Card holders will now need to carry IDs all the time after imposition of new rules
UN economist alerts US tariffs move could see three percent fall in global trade
UN experts alerted that global trade could shrink by three per cent as a result of the United States’ new tariff measures .
Pennsylvania man charged with threatening to kill President Donald Trump
Man from the US state of Pennsylvania has been charged for making online threats to murder President Donald Trump.
China hikes retaliatory tariffs on US goods from 84 percent to 125 percent
China on Friday announced its decision to raise retaliatory tariffs on US imports from 84 percent to 125 percent
EU chief welcomes Trump’s decision to pause tariffs for 90 days
EU chief Ursula von der Leyen has welcomed US President Donald Trump’s decision to pause his planned tariff hike for 90 days
WTO chief alerts US-China tariff war can slash trade between two nations by 80 percent
WTO chief Ngozi alerts US-China tariff war can slash trade between two nations by 80 percent and create trouble in world economy
Trump hands China 125 percent tariff, partial respite for India and 74 other countries
Trump made these announcement on social media, stating that the decision to raise tariffs on China was due to the lack of respect China has shown to the world’s markets. He mentioned that China’s actions of “ripping off” the US and other countries will no longer be accepted.
China decries US tariffs as ‘unilateral bullying’ and ‘blackmail’
If Trump implements his new tariffs on Chinese products, US tariffs on Chinese goods would reach a combined 104 percent. The new taxes would be on top of the 20 percent tariffs announced as punishment for fentanyl trafficking and his separate 34 percent tariffs announced last week.
