Singapore companies bracing for more uncertainty amid Trump's tariff letters
Singapore companies are bracing for greater uncertainty after US President Donald Trump sent letters announcing new tariffs as high as 40 per cent for some countries. The Singapore Business Federation (SBF) says firms are once again taking a "wait and see" approach. SBF's CEO Kok Ping Soon and Associate Professor Simon Tay, Chairman of the Singapore Institute of International Affairs, talk about what it means for Singapore to not be issued the letters by President Trump. They also discuss what it means for Singapore businesses to be operating in a neighbourhood with so many different tariff rates.Â
Singapore companies are bracing for greater uncertainty after US President Donald Trump sent letters announcing new tariffs as high as 40 per cent for some countries. The Singapore Business Federation (SBF) says firms are once again taking a "wait and see" approach. SBF's CEO Kok Ping Soon and Associate Professor Simon Tay, Chairman of the Singapore Institute of International Affairs, talk about what it means for Singapore to not be issued the letters by President Trump. They also discuss what it means for Singapore businesses to be operating in a neighbourhood with so many different tariff rates.Â
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