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Singapore must brace itself for more shocks following US tariffs: PM Wong

  • Singapore must prepare for further economic shocks due to recent US tariffs on imports, as stated by Prime Minister Lawrence Wong.
  • Wong emphasized that weakening global institutions and eroding international norms pose significant dangers, especially for smaller countries like Singapore.
  • Deputy Prime Minister Gan Kim Yong announced that Singapore is reassessing its 2025 growth forecast and may support households if conditions worsen.
  • Wong warned that the new tariffs could lead to more countries rejecting the WTO framework, potentially escalating into global trade tensions.
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Channel News Asia broke the news in Singapore on Friday, April 4, 2025.
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