The US imposed a 12.5% tariff on Singapore exports, citing forced labour — hitting a third of the city-state's shipments to America. Asian markets crashed as Brent crude stormed above US$100 on Gulf conflict, and Changi Airport reported a traffic dip on Southeast Asian routes.

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US slaps 12.5% tariff on a third of Singapore's exports The US imposed a new 12.5% levy effective Friday, placing Singapore among 45 economies penalised for allegedly failing to...