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Singapore survived the first wave of US tariffs. The second may hit harder
The Republic’s long-term status as a manufacturing and trading hub may be at risk from a second wave.
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Singapore got through the US tariffs in better shape than expected. But our long-term status as a manufacturing and trading hub may be at risk from a second wave, says the writer.
ST PHOTO: BRIAN TEO
Kok Ping Soon
It has been over a year since US President Donald Trump introduced his Liberation Day tariffs, and Singapore made it through in better shape than expected.
The economy grew 5 per cent in 2025, far above the downgraded 0 per cent to 2 per cent projections from the Ministry of Trade and Industry post-Liberation Day. Exports surprised on the upside. Electronics and semiconductor-related demand stayed strong. There were no broad-based job losses.
