Singapore PM Warns: US Tariffs Could Spark Global Trade War
President Trump’s new tariffs risk triggering a global trade war, prompting Prime Minister Lawrence Wong to urge Singaporeans to prepare for further economic instability. He emphasized the importance of preserving Singapore’s social cohesion, meritocratic system, and national unity in the face of these challenges. Deputy Prime Minister Gan Kim Yong announced a reassessment of Singapore’s growth forecast and a readiness to support citizens and businesses. Foreign Minister Vivian Balakrishnan highlighted the significant economic repercussions, including inflation and slower growth, but expressed confidence in Singapore’s resilience and its ongoing efforts to collaborate internationally.
John Q. Hosedrinker