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The Big Story: How will Trump's 'Liberation Day' tariffs impact Asia and Singapore?
US President Donald Trump has unveiled expansive new tariffs in a major escalation of his trade war, referring to the historic move as a “declaration of economic independence.” In his most ambitious economic policy, he announced a tariff of 10% of all goods coming into the US from anywhere in the world, including Singapore. He also imposed hefty “reciprocal” tariffs on at least 60 trading partners, including China and the European Union, which will be levied new duties of 34% and 20%, respectively. Foreign countries, including long-time US allies, say Trump’s…
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