The US hits Singapore with a 12.5% tariff on one-third of its exports, citing forced labour concerns Singapore firmly rejects. Asian markets crater under a triple threat — Middle East war, oil above US$100, and AI jitters. SPF and FBI ink an anti-scam pact as salary claims hit their highest since 2019.

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US Slaps 12.5% Tariff on Singapore

The US imposed a 12.5% tariff on Singapore exports effective July 24, following a Section 301 forced-labour...