CNA938 Rewind - New trade headwind? Singapore faces potential 12.5% US tariff
Singapore could be hit with a proposed 12.5% US tariff after a trade probe found it had not sufficiently imposed and enforced bans on goods made with forced labour. The levy is not final and will undergo public hearings in July, but it marks the latest twist in Washington's evolving trade strategy. Singapore meanwhile has rejected the USTR claims. What could this mean for Singapore businesses and exports? Susan Ng and Hairianto Diman speak with Priyanka Kishore, Founder and Principal Economist, Asia Decoded, to find out.