Singapore Prime Minister Lawrence Wong on Wednesday, April 16, said the US and China claim they do not wish to force countries to choose sides but seek to draw other countries into their respective orbits. He also said the world is undergoing a messy transition as the two largest economies fight for power. “America and […]
Tag: US Tariffs
Singapore: DPM Gan leads 5-minister task force to tackle US tariffs
The task force is led by Deputy Prime Minister and Trade and Industry Minister Gan Kim Yong. He is joined by four other ministers – Desmond Lee (National Development), Josephine Teo (Digital Development and Information), Tan See Leng (Manpower), and Chee Hong Tat (Transport and Second Minister for Finance).
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.
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 .
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.
Singapore to form task force to address US tariff impact on businesses and workers
The task force will bring together key economic government agencies, the Singapore Business Federation, the Singapore National Employers Federation, and the National Trades Union Congress.
