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Why Singapore and its businesses stand to lose with US tariffs on the region
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A record number of 41.12 million TEUs, or twenty-foot equivalent unit containers, were handled by the country’s terminals and ports in 2024.
ST PHOTO: BRIAN TEO
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SINGAPORE - The count is on to Aug 1, when retaliatory tariffs by the US are due to take effect – and Singapore businesses are busy hitting the keys on their calculators.
This is because many of them are contending with an equation that could extend far wider than the US tariff rate on Singapore.
