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Singapore PM: No Room for Negotiation on US 10% Universal Baseline Tariff; Singapore Won't Take Tariff Retaliation
Singapore Prime Minister Lawrence Wong mentioned in a recent speech to parliament that the imposition of a 10% universal baseline tariff by the US seems to leave no room for negoti...
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Singapore PM: No Room for Negotiation on US 10% Universal Baseline Tariff; Singapore Won't Take Tariff Retaliation
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Singapore Prime Minister Lawrence Wong mentioned in a recent speech to parliament that the imposition of a 10% universal baseline tariff by the US seems to leave no room for negotiation, as it appears to be a fixed minimum tariff unrelated to a country's trade balance or existing trade arrangements.

Wong also expressed deep disappointment with the US hiking tariffs, but he emphasized that Singapore will not take tariff retaliation.

Related NewsBuilding Permits MoM Prel for Mar in United States is 1.6%, higher than the previous value of -1%. Forecast was not available.

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