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Thu, Jul 3, 2025
3:15 AM
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Total News Sources
1
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1
Center
0
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0
Unrated
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Last Updated
63 days ago
Bias Distribution
100% Left
67 days ago, Singapore
Updated 63 days ago
US, Singapore explore economic ties amid tariff stalemate
US, Singapore explore economic ties amid tariff stalemate

US, Singapore explore economic ties amid tariff stalemate

News summary

The United States is maintaining a 10 percent tariff on imports from Singapore, a measure imposed under the Trump administration, despite Singapore's efforts to negotiate a reduction. Deputy Prime Minister and Trade and Industry Minister Gan Kim Yong recently held a productive virtual meeting with US Secretary of Commerce Howard Lutnick, during which both parties acknowledged their strong and balanced trading relationship. While the US is not prepared to lower the tariff at this time, both countries have agreed to explore ways to deepen their economic ties and continue discussions on practical solutions, particularly for critical exports like pharmaceuticals. Gan emphasized the importance of the bilateral partnership, noting Singapore's significant contributions to American jobs and the consistent US trade surplus with Singapore. The tariffs have contributed to Singapore lowering its 2025 economic growth forecast amid broader concerns about a possible recession due to escalating global trade tensions. Both sides expressed willingness to maintain open dialogue and seek creative approaches to strengthen trade and investment.

Story Coverage
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Yahoo! Finance
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Singapore negotiating for US concessions on pharmaceuticals, chips
66 days ago
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Yahoo! Finance
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Singapore negotiating for US concessions on pharmaceuticals, chips
66 days ago
Read Full Article
Bias Distribution
100% Left
Information Sources
daae85f0-2883-42fc-b085-888140adf30d
Left 100%
Coverage Details
Total News Sources
1
Left
1
Center
0
Right
0
Unrated
0
Last Updated
63 days ago
Bias Distribution
100% Left
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25Serious

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Story Coverage
alt
Yahoo! Finance
Left
Singapore negotiating for US concessions on pharmaceuticals, chips
66 days ago
Read Full Article
alt
Yahoo! Finance
Left
Singapore negotiating for US concessions on pharmaceuticals, chips
66 days ago
Read Full Article
Ask VT AI
Bias Distribution
100% Left
Information Sources
daae85f0-2883-42fc-b085-888140adf30d
Left 100%
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