Singapore's Tariff Tightrope: Parliament Weighs Trade-Offs as US-China Trade War Escalates

Deputy Prime Minister Gan Kim Yong told Parliament that Singapore will "weigh wider trade-offs" before seeking lower US tariffs, as the 12.5 per cent duty now affects roughly one-third of the republic's domestic exports to Washington — valued at S$9.5 billion annually. Rather than rush to negotiate, Gan said the government must first assess the significant costs and wider trade-offs of any concessions, signalling that Washington may demand changes to domestic...