Singapore warns of tariff cascade as worried Asia eyes Trump

Quick Summary:

Singapore's Deputy Prime Minister Gan Kim Yong cautions that the US-imposed tariffs on its major trading partners might hamper global economic growth and disrupt supply chains.

But along with other trade-dependent nations, it has closely tracked the US president as he unleashes tariffs on Canada, Mexico and China, rattling markets and drawing retaliation from Ottawa and Beijing.

Other countries have also followed in Washington’s footsteps, imposing trade restrictions on or looking into China’s steel exports.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets: IndiaAustraliaCanadaChinaIndonesiaMexicoNew ZealandPakistanSingaporeVietnam

Topics: Trump Foreign trade barriers Singapore Singapore trade news US tariffs impact Asia

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-12 @ 09:40:56 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 584 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 26914148

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About Economic Times

Main Topics: Business

Official Website: economictimes.indiatimes.com

Update Frequency: 3 posts per day

Year Established: 1961

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #84

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