US tariffs: Global trade war the real worry for Singapore

World's reaction to aluminium, steel tariffs will determine how Republic is affected, say analysts

US President Donald Trump has vowed to impose a 25 per cent import tariff on steel, with a formal announcement expected this week.
US President Donald Trump has vowed to impose a 25 per cent import tariff on steel, with a formal announcement expected this week.PHOTO: NYTIMES

A diversion of steel and aluminium from Asian suppliers from the United States to South-east Asian markets and the resulting glut could lower prices of the commodity for Singapore builders and manufacturers, said analysts.

But no one is celebrating.

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A version of this article appeared in the print edition of The Straits Times on March 06, 2018, with the headline 'US tariffs: Global trade war the real worry for S'pore'. Subscribe