Singapore PM on Trump tariffs: US is “rejecting the very system it created”

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What the US is doing now with tariffs "is not reform” but “it is rejecting the very system it created", said Singapore Prime Minister Lawrence Wong in parliament on Tuesday (Apr 8), where he spoke at length on the new tariffs and its implications for Singapore.

“According to the US administration, the sweeping tariffs are needed to fix America’s trade imbalance. But there is nothing inherently wrong about running a trade deficit,” he said.

“If the tariffs were truly reciprocal, and if they were meant to target only those with bilateral trade surpluses, then the tariff for Singapore should be zero,” he added, pointing out that Singapore has a free trade agreement with the US and imposes no tariffs on US imports.

Mr Wong also said the tariffs will "accelerate the fracturing of the global economy". #sgnews #singapore

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