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Singapore will suffer if Trump’s higher tariffs shrink global growth and trade, analysts say
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Former US president Donald Trump has vowed to end America's reliance on China, create millions of jobs and grow the economy.
PHOTO: AFP
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SINGAPORE – There is no denying that any disruption in global trade flows is detrimental to export-driven economies like Singapore, and that threat looms large if former US president Donald Trump wins his country’s presidential election next week.
The self-proclaimed “tariff man” has vowed to end the United States’ reliance on China, create millions of jobs and grow the economy by imposing across-the-board levies on imports, deporting millions of immigrants, eroding the central bank’s political independence and cutting taxes for billionaires and large corporations.
