CNA·3 min read·medium
Singapore to weigh wider trade-offs before seeking lower US tariff: Gan Kim Yong
R
Rachel Lim
✦AI Summary
Singapore is adopting a cautious stance regarding negotiations for lower US tariffs, citing the need to evaluate broader economic trade-offs. Deputy Prime Minister Gan Kim Yong emphasized that the government must consider the compliance costs and supply chain implications of any potential concessions.
Around one-third of Singapore's domestic exports to the United States, valued at S$9.5 billion annually, are affected under the new 12.5 per cent tariff imposed by Washington.
economybusinesspolitics
✦
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in