Singapore's Tariff Tightrope: Weighing US Concessions Against Global Trade Realities

Deputy Prime Minister Gan Kim Yong stated in Parliament that Singapore will "weigh wider trade-offs" before seeking lower US tariffs, revealing that one-third of domestic exports to the US—valued at S$9.5 billion annually—are now subject to the new 12.5 per cent tariff. The government's immediate priority is helping businesses and workers adjust to the new reality imposed by Washington.

Off the Record

Behind the diplomatic language lies a delicate balancing...