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Trump tariffs’ impact on Singapore: The good news and the bad
The unloading of excess production from Asia will lead to lower prices in the short term, but wage cuts and job losses could follow.
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A high proportion of goods consumed in Singapore come from China and South-east Asia, which face some of the highest tariffs imposed by the Trump administration.
ST PHOTO: LIM YAOHUI
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Amid the turmoil of the global trade war,
But the upside may not last. A likely growth slowdown, maybe even a recession later in the year, could take its toll on job and wage prospects.
