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Trump tariffs: Singapore economy could be hit hard by trade slowdown but there may be a silver lining, say analysts

Summary by Channel News Asia
Singapore faces a 10 per cent tariff from the US – the lowest in Southeast Asia – but there remains broader trade risks.

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Channel News AsiaChannel News Asia
Center

Trump tariffs: Singapore economy could be hit hard by trade slowdown but there may be a silver lining, say analysts

Singapore faces a 10 per cent tariff from the US – the lowest in Southeast Asia – but there remains broader trade risks.

·Singapore
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RapplerRappler
Lean Left

Trump tariffs may be favorable to PH agri exporters – DA chief

Philippines and Singapore get relatively lower tariffs compared to other Asian nations, following US President Donald Trump's sweeping imposition of 10% baseline tariff on all countries

·Philippines
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The Straits TimesThe Straits Times
Lean Right

S’pore spared from worst-case scenario on Trump tariffs, but may be hit by global trade slowdown

There is still a threat of a 25% tariff on US imports of semiconductors and pharmaceuticals. Read more at straitstimes.com.

·Singapore
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regionalmedianews.comregionalmedianews.com

Singapore disappointed with 10% tariffs, will seek negotiation with the US: trade minister - Regional Media News

SINGAPORE (Reuters) -Singapore’s trade minister said the wealthy financial hub was disappointed that the U.S. had imposed a 10% tariff on its exports despite it having a free-trade agreement and running a trade deficit with the United States. Singapore could take countermeasures under the free-trade agreement in force since 2004, but has chosen not to do so, Trade Minister Gan Kim Yong told a press conference on Thursday.  “Retaliatory import du…

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pokonews.compokonews.com

Trump tariffs: DPM Gan warns of 'tough waters'; Singapore reassessing progress forecast

SINGAPORE: Whereas Singapore was hit with the lowest degree of tariffs – 10 per cent – in sweeping new levies introduced by the USA, the impression shall be vital, mentioned Singapore Deputy Prime Minister Gan Kim Yong on Thursday (Apr 3). “I feel our households and our companies must be ready for tough waters forward of us, and they’ll considerably impression our enterprise in addition to households,” mentioned Mr Gan, who can also be the comme…

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Business TimesBusiness Times

Singapore to engage US on tariffs, not seek recourse under FTA; may downgrade growth forecast: DPM Gan

Singapore does not intend to take countermeasures against US tariffs, even as the Republic’s growth outlook may be downgraded due to their impact, Minister for Trade and Industry Gan Kim Yong said on Thursday (Apr 3).

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Bias Distribution

  • 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
33% Right
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The Straits Times broke the news in Singapore on Thursday, April 3, 2025.
Sources are mostly out of (0)

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