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Singapore firms brace for further uncertainty as Trump ignites widespread tariffs

Summary by Channel News Asia
Businesses and trade associations say upended global supply chains could bring about higher costs in the near term, while the risk of slower global economic growth has risen.

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Channel News AsiaChannel News Asia
Center

Singapore firms brace for further uncertainty as Trump ignites widespread tariffs

Businesses and trade associations say upended global supply chains could bring about higher costs in the near term, while the risk of slower global economic growth has risen.

·Singapore
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The Straits TimesThe Straits Times
Lean Right

New US tariffs likely to hurt firms in Singapore, nearly half say they will pass on costs: Survey

Others intend to diversify their supply chains or seize opportunities to gain market share from competitors. Read more at straitstimes.com.

·Singapore
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pokonews.compokonews.com

Trump tariffs: Singapore financial system could possibly be hit laborious by commerce slowdown however there could also be a silver lining, say analysts

In contrast with neighbouring international locations like Indonesia, Malaysia, the Philippines, Thailand and Vietnam, Singapore is probably going most weak to an exterior slowdown brought on by the tariffs, stated Mr Suan Teck Kin, head of analysis at UOB. If the US imposes sector-specific tariffs, corresponding to on prescribed drugs or semiconductors, the direct drag to Singapore could possibly be notably pronounced, he added. Progress has al…

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Asia OneAsia One

Singapore disappointed with tariffs, will engage US to clarify calculations: DPM Gan

SINGAPORE — Singapore is disappointed that the US has subjected its goods to tariffs despite the longstanding economic relationship between the two countries and their free trade agreement (FTA), said Deputy Prime Minister Gan Kim Yong on April 3. And it will engage the US to understand how they have calculated the tariffs, and to clarify any misunderstanding that has...

·Singapore
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Business TimesBusiness Times

New US tariffs likely to hurt firms in Singapore; nearly half say they will pass on costs, survey finds

Nearly half of companies in Singapore (45 per cent) plan to pass on the increased costs from the new US tariffs to their customers, a flash survey by the American Chamber of Commerce (AmCham) in Singapore has found.

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Business Times broke the news in on Wednesday, April 2, 2025.
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