Zuru Co-Founder Criticizes US Tariff Plan, Calls for Global Cooperation

The imposition of universal tariffs by the US, as announced by President Trump, has sparked concerns globally. Singapore's Prime Minister Lawrence Wong expressed disappointment over the 10% tariff, stating it threatens Singapore's economic growth and is non-negotiable despite their strong bilateral relationship. Meanwhile, Zuru co-founder Nick Mowbray highlighted the impact of US tariffs on global trade, arguing that they might raise prices and slow innovation. Chinese Foreign Ministry spokesperson Lin Jian criticized the US for lacking genuine intent for negotiations, asserting that China is prepared to retaliate if necessary. The US government remains firm on not providing exemptions, aiming to reduce the trade deficit through these tariffs. Overall, these actions have heightened fears of a global trade war, with countries like Singapore and China preparing to navigate the resulting economic challenges.