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Trump tariffs shake up Singapore’s manufacturing sector
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Singapore is among nations subject to a baseline 10 per cent tariff rate, which came into effect on April 5.
PHOTO: ST FILE
SINGAPORE - In the weeks after crippling tariffs were unleashed by US President Donald Trump, American customers of Singapore-based Watson EP Industries asked the contract manufacturer to shift its production of consumer electronics from China and Vietnam to its Singapore factory.
Singapore is among nations subject to a baseline 10 per cent tariff rate, which came into effect on April 5. In addition, so-called reciprocal tariffs of between 11 per cent and 50 per cent were imposed on imports from more than 90 nations that run trade surpluses with the US.
