Singapore PM Criticizes US Tariffs as Unfriendly Actions

Singapore's Prime Minister Lawrence Wong criticized the 10% universal tariff imposed by the US, stating that such actions are not befitting of a friend, especially given Singapore's commitment to free trade and its trade deficit with the US. Wong argued that the tariffs signify a rejection of the global trade system the US once championed, and he emphasized that if tariffs were truly reciprocal, Singapore should be exempt. He expressed disappointment over the US's decision, warning that it could lead to a full-blown global trade war and negatively impact Singapore's economy, prompting a likely downgrade of growth forecasts. The opposition Workers’ Party also condemned the unilateral sanctions, advocating for bilateral talks and potential dispute mechanisms. Wong announced the establishment of a national task force to assist businesses affected by the tariffs, signaling a proactive approach to mitigate economic repercussions. Overall, the situation reflects growing tensions in international trade dynamics, with Singapore advocating for rational and pragmatic solutions.