Singapore PM Says US Universal Tariff Doesn't Look Open for Negotiation

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Singapore PM Says US Universal Tariff Doesn't Look Open for Negotiation

Reuters2025-04-08

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setia100
·2025-04-08
Sing has no card on hand. That's why Lawrence advised his people to fasten the seatbelts n prepared for the wild ride 😂
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neo26000
·2025-04-08
I read PM comments on CNA, and he offered a broad perspective on the issue and his plans. While he's not my favorite PM, I appreciated that he touched on key points without resorting to the usual political jargon. It was a refreshing change.
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Reallyxxx
·2025-04-08
I am disappointed Singapore. US has a trade SURPLUS with you, u hv a free trade agreement, and the se 2 factors apart from anything else makes the tariff TOTALLY UNFAIR. You are not prepared to stand up to a bully? Why not? What will u do when the bully decides to increase to 20% or 30%. Dont stand up now, and u will be walked-over again.....
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SuperDuper1
·2025-04-08
We need to reduce the trade surplus by buying less U.S. goods and services. Ramli burger anyone ?
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This seems to be the fixed minimum tariff, regardless of a country&#39;s trade balance or existing trade arrangements,&#34; he said.</p><p>Singapore escaped the much larger tariff rates imposed on many of its Southeast Asian neighbours last week but has taken issue with the imposition of the 10% universal rate due to its free-trade agreement with Washington.</p><p>&#34;We are very disappointed by the U.S. move, especially considering the deep and longstanding friendship between our two countries. 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However, Singapore Trade Minister Gan Kim Yong last week said the U.S. trade surplus with Singapore amounted to a &#34;substantial&#34; $30 billion in 2024.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore PM Says US Universal Tariff Doesn't Look Open for Negotiation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore PM Says US Universal Tariff Doesn't Look Open for Negotiation\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-04-08 13:39</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>SINGAPORE, April 8 (Reuters) - Singapore Prime Minister Lawrence Wong said on Tuesday a 10% universal tariff rate imposed by the United States does not look open for negotiation and warned of potential upheaval in the domestic economy from a global escalation of trade disputes.</p><p>Wong in an address to parliament said there was no doubt trade-reliant Singapore&#39;s growth would be significantly impacted and the government would likely revise down its gross domestic product growth forecasts, but it was unclear if the city-state would go into recession this year.</p><p>The current trade ministry GDP forecast for 2025 is 1% to 3%.</p><p>&#34;It doesn&#39;t look like the 10% universal rate is open for negotiation. This seems to be the fixed minimum tariff, regardless of a country&#39;s trade balance or existing trade arrangements,&#34; he said.</p><p>Singapore escaped the much larger tariff rates imposed on many of its Southeast Asian neighbours last week but has taken issue with the imposition of the 10% universal rate due to its free-trade agreement with Washington.</p><p>&#34;We are very disappointed by the U.S. move, especially considering the deep and longstanding friendship between our two countries. These are not actions one does to a friend,&#34; Wong said, adding Singapore would not impose retaliatory tariffs.</p><p>He also said &#34;the likelihood of a full-blown global trade war is growing&#34;, anticipating weaker near-term global growth and reduced demand for Singapore&#39;s goods and services.</p><p>He warned that if companies relocate from Singapore to the U.S., there would be job losses and retrenchments.</p><p>&#34;The government will do everything we can to navigate through the choppy waters and ensure no one is left behind,&#34; he added.</p><p>The United States had a goods trade surplus of $2.8 billion with Singapore last year, according to the website of the U.S. Trade Representative website states. 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This seems to be the fixed minimum tariff, regardless of a country's trade balance or existing trade arrangements,\" he said.Singapore escaped the much larger tariff rates imposed on many of its Southeast Asian neighbours last week but has taken issue with the imposition of the 10% universal rate due to its free-trade agreement with Washington.\"We are very disappointed by the U.S. move, especially considering the deep and longstanding friendship between our two countries. These are not actions one does to a friend,\" Wong said, adding Singapore would not impose retaliatory tariffs.He also said \"the likelihood of a full-blown global trade war is growing\", anticipating weaker near-term global growth and reduced demand for Singapore's goods and services.He warned that if companies relocate from Singapore to the U.S., there would be job losses and retrenchments.\"The government will do everything we can to navigate through the choppy waters and ensure no one is left behind,\" he added.The United States had a goods trade surplus of $2.8 billion with Singapore last year, according to the website of the U.S. Trade Representative website states. 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That's why Lawrence advised his people&nbsp;to fasten the seatbelts n prepared for the wild ride 😂","listText":"Sing has no card on hand. That's why Lawrence advised his people&nbsp;to fasten the seatbelts n prepared for the wild ride 😂","text":"Sing has no card on hand. That's why Lawrence advised his people to fasten the seatbelts n prepared for the wild ride 😂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/422190616543264","repostId":2525357488,"repostType":4,"repost":{"id":"2525357488","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1744090747,"share":"https://ttm.financial/m/news/2525357488?lang=en_US&edition=fundamental","pubTime":"2025-04-08 13:39","market":"sg","language":"en","title":"Singapore PM Says US Universal Tariff Doesn't Look Open for Negotiation","url":"https://stock-news.laohu8.com/highlight/detail?id=2525357488","media":"Reuters","summary":"SINGAPORE, April 8  - Singapore Prime Minister Lawrence Wong on Tuesday said a 10% universal tariff rate imposed by U.S. President Donald Trump does not look open for negotiation.“We are very disappointed by the U.S. move, especially considering the deep and longstanding friendship between our two countries. These are not actions one does to a friend,\" Wong told parliament on Tuesday, adding Singapore would not impose retaliatory tariffs.","content":"<html><head></head><body><p>SINGAPORE, April 8 (Reuters) - Singapore Prime Minister Lawrence Wong said on Tuesday a 10% universal tariff rate imposed by the United States does not look open for negotiation and warned of potential upheaval in the domestic economy from a global escalation of trade disputes.</p><p>Wong in an address to parliament said there was no doubt trade-reliant Singapore&#39;s growth would be significantly impacted and the government would likely revise down its gross domestic product growth forecasts, but it was unclear if the city-state would go into recession this year.</p><p>The current trade ministry GDP forecast for 2025 is 1% to 3%.</p><p>&#34;It doesn&#39;t look like the 10% universal rate is open for negotiation. This seems to be the fixed minimum tariff, regardless of a country&#39;s trade balance or existing trade arrangements,&#34; he said.</p><p>Singapore escaped the much larger tariff rates imposed on many of its Southeast Asian neighbours last week but has taken issue with the imposition of the 10% universal rate due to its free-trade agreement with Washington.</p><p>&#34;We are very disappointed by the U.S. move, especially considering the deep and longstanding friendship between our two countries. These are not actions one does to a friend,&#34; Wong said, adding Singapore would not impose retaliatory tariffs.</p><p>He also said &#34;the likelihood of a full-blown global trade war is growing&#34;, anticipating weaker near-term global growth and reduced demand for Singapore&#39;s goods and services.</p><p>He warned that if companies relocate from Singapore to the U.S., there would be job losses and retrenchments.</p><p>&#34;The government will do everything we can to navigate through the choppy waters and ensure no one is left behind,&#34; he added.</p><p>The United States had a goods trade surplus of $2.8 billion with Singapore last year, according to the website of the U.S. Trade Representative website states. However, Singapore Trade Minister Gan Kim Yong last week said the U.S. trade surplus with Singapore amounted to a &#34;substantial&#34; $30 billion in 2024.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore PM Says US Universal Tariff Doesn't Look Open for Negotiation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore PM Says US Universal Tariff Doesn't Look Open for Negotiation\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-04-08 13:39</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>SINGAPORE, April 8 (Reuters) - Singapore Prime Minister Lawrence Wong said on Tuesday a 10% universal tariff rate imposed by the United States does not look open for negotiation and warned of potential upheaval in the domestic economy from a global escalation of trade disputes.</p><p>Wong in an address to parliament said there was no doubt trade-reliant Singapore&#39;s growth would be significantly impacted and the government would likely revise down its gross domestic product growth forecasts, but it was unclear if the city-state would go into recession this year.</p><p>The current trade ministry GDP forecast for 2025 is 1% to 3%.</p><p>&#34;It doesn&#39;t look like the 10% universal rate is open for negotiation. This seems to be the fixed minimum tariff, regardless of a country&#39;s trade balance or existing trade arrangements,&#34; he said.</p><p>Singapore escaped the much larger tariff rates imposed on many of its Southeast Asian neighbours last week but has taken issue with the imposition of the 10% universal rate due to its free-trade agreement with Washington.</p><p>&#34;We are very disappointed by the U.S. move, especially considering the deep and longstanding friendship between our two countries. These are not actions one does to a friend,&#34; Wong said, adding Singapore would not impose retaliatory tariffs.</p><p>He also said &#34;the likelihood of a full-blown global trade war is growing&#34;, anticipating weaker near-term global growth and reduced demand for Singapore&#39;s goods and services.</p><p>He warned that if companies relocate from Singapore to the U.S., there would be job losses and retrenchments.</p><p>&#34;The government will do everything we can to navigate through the choppy waters and ensure no one is left behind,&#34; he added.</p><p>The United States had a goods trade surplus of $2.8 billion with Singapore last year, according to the website of the U.S. Trade Representative website states. However, Singapore Trade Minister Gan Kim Yong last week said the U.S. trade surplus with Singapore amounted to a &#34;substantial&#34; $30 billion in 2024.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250408:nP8N3LJ05Y:2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2525357488","content_text":"SINGAPORE, April 8 (Reuters) - Singapore Prime Minister Lawrence Wong said on Tuesday a 10% universal tariff rate imposed by the United States does not look open for negotiation and warned of potential upheaval in the domestic economy from a global escalation of trade disputes.Wong in an address to parliament said there was no doubt trade-reliant Singapore's growth would be significantly impacted and the government would likely revise down its gross domestic product growth forecasts, but it was unclear if the city-state would go into recession this year.The current trade ministry GDP forecast for 2025 is 1% to 3%.\"It doesn't look like the 10% universal rate is open for negotiation. This seems to be the fixed minimum tariff, regardless of a country's trade balance or existing trade arrangements,\" he said.Singapore escaped the much larger tariff rates imposed on many of its Southeast Asian neighbours last week but has taken issue with the imposition of the 10% universal rate due to its free-trade agreement with Washington.\"We are very disappointed by the U.S. move, especially considering the deep and longstanding friendship between our two countries. These are not actions one does to a friend,\" Wong said, adding Singapore would not impose retaliatory tariffs.He also said \"the likelihood of a full-blown global trade war is growing\", anticipating weaker near-term global growth and reduced demand for Singapore's goods and services.He warned that if companies relocate from Singapore to the U.S., there would be job losses and retrenchments.\"The government will do everything we can to navigate through the choppy waters and ensure no one is left behind,\" he added.The United States had a goods trade surplus of $2.8 billion with Singapore last year, according to the website of the U.S. Trade Representative website states. However, Singapore Trade Minister Gan Kim Yong last week said the U.S. trade surplus with Singapore amounted to a \"substantial\" $30 billion in 2024.","news_type":1,"symbols_score_info":{"STI.SI":1.1}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":422183532790336,"gmtCreate":1744092401391,"gmtModify":1744092405311,"author":{"id":"4131703342800552","authorId":"4131703342800552","name":"neo26000","avatar":"https://community-static.tradeup.com/news/11d50ec0d6202770a8629aa7f06a5d4f","vip":1,"hat":"https://static.tigerbbs.com/f3e7f6253c885de8bad6403055b76aab","crmLevel":12,"crmLevelSwitch":1,"wearingBadges":[],"authorIdStr":"4131703342800552","idStr":"4131703342800552"},"htmlText":"I read PM comments on CNA, and he offered a broad perspective on the issue and his plans. While he's not my favorite PM, I appreciated that he touched on key points without resorting to the usual political jargon. It was a refreshing change.","listText":"I read PM comments on CNA, and he offered a broad perspective on the issue and his plans. While he's not my favorite PM, I appreciated that he touched on key points without resorting to the usual political jargon. It was a refreshing change.","text":"I read PM comments on CNA, and he offered a broad perspective on the issue and his plans. While he's not my favorite PM, I appreciated that he touched on key points without resorting to the usual political jargon. It was a refreshing change.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/422183532790336","repostId":2525357488,"repostType":4,"repost":{"id":"2525357488","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1744090747,"share":"https://ttm.financial/m/news/2525357488?lang=en_US&edition=fundamental","pubTime":"2025-04-08 13:39","market":"sg","language":"en","title":"Singapore PM Says US Universal Tariff Doesn't Look Open for Negotiation","url":"https://stock-news.laohu8.com/highlight/detail?id=2525357488","media":"Reuters","summary":"SINGAPORE, April 8  - Singapore Prime Minister Lawrence Wong on Tuesday said a 10% universal tariff rate imposed by U.S. President Donald Trump does not look open for negotiation.“We are very disappointed by the U.S. move, especially considering the deep and longstanding friendship between our two countries. These are not actions one does to a friend,\" Wong told parliament on Tuesday, adding Singapore would not impose retaliatory tariffs.","content":"<html><head></head><body><p>SINGAPORE, April 8 (Reuters) - Singapore Prime Minister Lawrence Wong said on Tuesday a 10% universal tariff rate imposed by the United States does not look open for negotiation and warned of potential upheaval in the domestic economy from a global escalation of trade disputes.</p><p>Wong in an address to parliament said there was no doubt trade-reliant Singapore&#39;s growth would be significantly impacted and the government would likely revise down its gross domestic product growth forecasts, but it was unclear if the city-state would go into recession this year.</p><p>The current trade ministry GDP forecast for 2025 is 1% to 3%.</p><p>&#34;It doesn&#39;t look like the 10% universal rate is open for negotiation. This seems to be the fixed minimum tariff, regardless of a country&#39;s trade balance or existing trade arrangements,&#34; he said.</p><p>Singapore escaped the much larger tariff rates imposed on many of its Southeast Asian neighbours last week but has taken issue with the imposition of the 10% universal rate due to its free-trade agreement with Washington.</p><p>&#34;We are very disappointed by the U.S. move, especially considering the deep and longstanding friendship between our two countries. These are not actions one does to a friend,&#34; Wong said, adding Singapore would not impose retaliatory tariffs.</p><p>He also said &#34;the likelihood of a full-blown global trade war is growing&#34;, anticipating weaker near-term global growth and reduced demand for Singapore&#39;s goods and services.</p><p>He warned that if companies relocate from Singapore to the U.S., there would be job losses and retrenchments.</p><p>&#34;The government will do everything we can to navigate through the choppy waters and ensure no one is left behind,&#34; he added.</p><p>The United States had a goods trade surplus of $2.8 billion with Singapore last year, according to the website of the U.S. Trade Representative website states. However, Singapore Trade Minister Gan Kim Yong last week said the U.S. trade surplus with Singapore amounted to a &#34;substantial&#34; $30 billion in 2024.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore PM Says US Universal Tariff Doesn't Look Open for Negotiation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore PM Says US Universal Tariff Doesn't Look Open for Negotiation\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-04-08 13:39</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>SINGAPORE, April 8 (Reuters) - Singapore Prime Minister Lawrence Wong said on Tuesday a 10% universal tariff rate imposed by the United States does not look open for negotiation and warned of potential upheaval in the domestic economy from a global escalation of trade disputes.</p><p>Wong in an address to parliament said there was no doubt trade-reliant Singapore&#39;s growth would be significantly impacted and the government would likely revise down its gross domestic product growth forecasts, but it was unclear if the city-state would go into recession this year.</p><p>The current trade ministry GDP forecast for 2025 is 1% to 3%.</p><p>&#34;It doesn&#39;t look like the 10% universal rate is open for negotiation. This seems to be the fixed minimum tariff, regardless of a country&#39;s trade balance or existing trade arrangements,&#34; he said.</p><p>Singapore escaped the much larger tariff rates imposed on many of its Southeast Asian neighbours last week but has taken issue with the imposition of the 10% universal rate due to its free-trade agreement with Washington.</p><p>&#34;We are very disappointed by the U.S. move, especially considering the deep and longstanding friendship between our two countries. These are not actions one does to a friend,&#34; Wong said, adding Singapore would not impose retaliatory tariffs.</p><p>He also said &#34;the likelihood of a full-blown global trade war is growing&#34;, anticipating weaker near-term global growth and reduced demand for Singapore&#39;s goods and services.</p><p>He warned that if companies relocate from Singapore to the U.S., there would be job losses and retrenchments.</p><p>&#34;The government will do everything we can to navigate through the choppy waters and ensure no one is left behind,&#34; he added.</p><p>The United States had a goods trade surplus of $2.8 billion with Singapore last year, according to the website of the U.S. Trade Representative website states. However, Singapore Trade Minister Gan Kim Yong last week said the U.S. trade surplus with Singapore amounted to a &#34;substantial&#34; $30 billion in 2024.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250408:nP8N3LJ05Y:2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2525357488","content_text":"SINGAPORE, April 8 (Reuters) - Singapore Prime Minister Lawrence Wong said on Tuesday a 10% universal tariff rate imposed by the United States does not look open for negotiation and warned of potential upheaval in the domestic economy from a global escalation of trade disputes.Wong in an address to parliament said there was no doubt trade-reliant Singapore's growth would be significantly impacted and the government would likely revise down its gross domestic product growth forecasts, but it was unclear if the city-state would go into recession this year.The current trade ministry GDP forecast for 2025 is 1% to 3%.\"It doesn't look like the 10% universal rate is open for negotiation. This seems to be the fixed minimum tariff, regardless of a country's trade balance or existing trade arrangements,\" he said.Singapore escaped the much larger tariff rates imposed on many of its Southeast Asian neighbours last week but has taken issue with the imposition of the 10% universal rate due to its free-trade agreement with Washington.\"We are very disappointed by the U.S. move, especially considering the deep and longstanding friendship between our two countries. These are not actions one does to a friend,\" Wong said, adding Singapore would not impose retaliatory tariffs.He also said \"the likelihood of a full-blown global trade war is growing\", anticipating weaker near-term global growth and reduced demand for Singapore's goods and services.He warned that if companies relocate from Singapore to the U.S., there would be job losses and retrenchments.\"The government will do everything we can to navigate through the choppy waters and ensure no one is left behind,\" he added.The United States had a goods trade surplus of $2.8 billion with Singapore last year, according to the website of the U.S. Trade Representative website states. However, Singapore Trade Minister Gan Kim Yong last week said the U.S. trade surplus with Singapore amounted to a \"substantial\" $30 billion in 2024.","news_type":1,"symbols_score_info":{"STI.SI":1.1}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":422181020582176,"gmtCreate":1744091882552,"gmtModify":1744094258943,"author":{"id":"4160988287128082","authorId":"4160988287128082","name":"Reallyxxx","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":11,"crmLevelSwitch":0,"wearingBadges":[],"authorIdStr":"4160988287128082","idStr":"4160988287128082"},"htmlText":"I am disappointed Singapore. US has a trade SURPLUS with you, u hv a free trade agreement, and the se 2 factors apart from anything else makes the tariff TOTALLY UNFAIR. You are not prepared to stand up to a bully? Why not? What will u do when the bully decides to increase to 20% or 30%. Dont stand up now, and u will be walked-over again.....","listText":"I am disappointed Singapore. US has a trade SURPLUS with you, u hv a free trade agreement, and the se 2 factors apart from anything else makes the tariff TOTALLY UNFAIR. You are not prepared to stand up to a bully? Why not? What will u do when the bully decides to increase to 20% or 30%. Dont stand up now, and u will be walked-over again.....","text":"I am disappointed Singapore. US has a trade SURPLUS with you, u hv a free trade agreement, and the se 2 factors apart from anything else makes the tariff TOTALLY UNFAIR. You are not prepared to stand up to a bully? Why not? What will u do when the bully decides to increase to 20% or 30%. Dont stand up now, and u will be walked-over again.....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/422181020582176","repostId":2525357488,"repostType":2,"repost":{"id":"2525357488","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1744090747,"share":"https://ttm.financial/m/news/2525357488?lang=en_US&edition=fundamental","pubTime":"2025-04-08 13:39","market":"sg","language":"en","title":"Singapore PM Says US Universal Tariff Doesn't Look Open for Negotiation","url":"https://stock-news.laohu8.com/highlight/detail?id=2525357488","media":"Reuters","summary":"SINGAPORE, April 8  - Singapore Prime Minister Lawrence Wong on Tuesday said a 10% universal tariff rate imposed by U.S. President Donald Trump does not look open for negotiation.“We are very disappointed by the U.S. move, especially considering the deep and longstanding friendship between our two countries. These are not actions one does to a friend,\" Wong told parliament on Tuesday, adding Singapore would not impose retaliatory tariffs.","content":"<html><head></head><body><p>SINGAPORE, April 8 (Reuters) - Singapore Prime Minister Lawrence Wong said on Tuesday a 10% universal tariff rate imposed by the United States does not look open for negotiation and warned of potential upheaval in the domestic economy from a global escalation of trade disputes.</p><p>Wong in an address to parliament said there was no doubt trade-reliant Singapore&#39;s growth would be significantly impacted and the government would likely revise down its gross domestic product growth forecasts, but it was unclear if the city-state would go into recession this year.</p><p>The current trade ministry GDP forecast for 2025 is 1% to 3%.</p><p>&#34;It doesn&#39;t look like the 10% universal rate is open for negotiation. This seems to be the fixed minimum tariff, regardless of a country&#39;s trade balance or existing trade arrangements,&#34; he said.</p><p>Singapore escaped the much larger tariff rates imposed on many of its Southeast Asian neighbours last week but has taken issue with the imposition of the 10% universal rate due to its free-trade agreement with Washington.</p><p>&#34;We are very disappointed by the U.S. move, especially considering the deep and longstanding friendship between our two countries. These are not actions one does to a friend,&#34; Wong said, adding Singapore would not impose retaliatory tariffs.</p><p>He also said &#34;the likelihood of a full-blown global trade war is growing&#34;, anticipating weaker near-term global growth and reduced demand for Singapore&#39;s goods and services.</p><p>He warned that if companies relocate from Singapore to the U.S., there would be job losses and retrenchments.</p><p>&#34;The government will do everything we can to navigate through the choppy waters and ensure no one is left behind,&#34; he added.</p><p>The United States had a goods trade surplus of $2.8 billion with Singapore last year, according to the website of the U.S. Trade Representative website states. However, Singapore Trade Minister Gan Kim Yong last week said the U.S. trade surplus with Singapore amounted to a &#34;substantial&#34; $30 billion in 2024.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore PM Says US Universal Tariff Doesn't Look Open for Negotiation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore PM Says US Universal Tariff Doesn't Look Open for Negotiation\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-04-08 13:39</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>SINGAPORE, April 8 (Reuters) - Singapore Prime Minister Lawrence Wong said on Tuesday a 10% universal tariff rate imposed by the United States does not look open for negotiation and warned of potential upheaval in the domestic economy from a global escalation of trade disputes.</p><p>Wong in an address to parliament said there was no doubt trade-reliant Singapore&#39;s growth would be significantly impacted and the government would likely revise down its gross domestic product growth forecasts, but it was unclear if the city-state would go into recession this year.</p><p>The current trade ministry GDP forecast for 2025 is 1% to 3%.</p><p>&#34;It doesn&#39;t look like the 10% universal rate is open for negotiation. This seems to be the fixed minimum tariff, regardless of a country&#39;s trade balance or existing trade arrangements,&#34; he said.</p><p>Singapore escaped the much larger tariff rates imposed on many of its Southeast Asian neighbours last week but has taken issue with the imposition of the 10% universal rate due to its free-trade agreement with Washington.</p><p>&#34;We are very disappointed by the U.S. move, especially considering the deep and longstanding friendship between our two countries. These are not actions one does to a friend,&#34; Wong said, adding Singapore would not impose retaliatory tariffs.</p><p>He also said &#34;the likelihood of a full-blown global trade war is growing&#34;, anticipating weaker near-term global growth and reduced demand for Singapore&#39;s goods and services.</p><p>He warned that if companies relocate from Singapore to the U.S., there would be job losses and retrenchments.</p><p>&#34;The government will do everything we can to navigate through the choppy waters and ensure no one is left behind,&#34; he added.</p><p>The United States had a goods trade surplus of $2.8 billion with Singapore last year, according to the website of the U.S. Trade Representative website states. However, Singapore Trade Minister Gan Kim Yong last week said the U.S. trade surplus with Singapore amounted to a &#34;substantial&#34; $30 billion in 2024.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250408:nP8N3LJ05Y:2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2525357488","content_text":"SINGAPORE, April 8 (Reuters) - Singapore Prime Minister Lawrence Wong said on Tuesday a 10% universal tariff rate imposed by the United States does not look open for negotiation and warned of potential upheaval in the domestic economy from a global escalation of trade disputes.Wong in an address to parliament said there was no doubt trade-reliant Singapore's growth would be significantly impacted and the government would likely revise down its gross domestic product growth forecasts, but it was unclear if the city-state would go into recession this year.The current trade ministry GDP forecast for 2025 is 1% to 3%.\"It doesn't look like the 10% universal rate is open for negotiation. This seems to be the fixed minimum tariff, regardless of a country's trade balance or existing trade arrangements,\" he said.Singapore escaped the much larger tariff rates imposed on many of its Southeast Asian neighbours last week but has taken issue with the imposition of the 10% universal rate due to its free-trade agreement with Washington.\"We are very disappointed by the U.S. move, especially considering the deep and longstanding friendship between our two countries. These are not actions one does to a friend,\" Wong said, adding Singapore would not impose retaliatory tariffs.He also said \"the likelihood of a full-blown global trade war is growing\", anticipating weaker near-term global growth and reduced demand for Singapore's goods and services.He warned that if companies relocate from Singapore to the U.S., there would be job losses and retrenchments.\"The government will do everything we can to navigate through the choppy waters and ensure no one is left behind,\" he added.The United States had a goods trade surplus of $2.8 billion with Singapore last year, according to the website of the U.S. Trade Representative website states. However, Singapore Trade Minister Gan Kim Yong last week said the U.S. trade surplus with Singapore amounted to a \"substantial\" $30 billion in 2024.","news_type":1,"symbols_score_info":{"STI.SI":1.1}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":422179102449784,"gmtCreate":1744091859774,"gmtModify":1744092765166,"author":{"id":"4136897647765072","authorId":"4136897647765072","name":"SuperDuper1","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":12,"crmLevelSwitch":1,"wearingBadges":[{"badgeId":"972123088c9646f7b6091ae0662215be-3","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","isScarce":0,"effectEnabled":0,"redirectLinkEnabled":0,"redirectLinkValidityFrom":0,"redirectLinkValidityTo":9223372036854776000}],"authorIdStr":"4136897647765072","idStr":"4136897647765072"},"htmlText":"We need to reduce the trade surplus by buying less U.S. goods and services. Ramli burger anyone ?","listText":"We need to reduce the trade surplus by buying less U.S. goods and services. Ramli burger anyone ?","text":"We need to reduce the trade surplus by buying less U.S. goods and services. Ramli burger anyone ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/422179102449784","repostId":2525357488,"repostType":2,"repost":{"id":"2525357488","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1744090747,"share":"https://ttm.financial/m/news/2525357488?lang=en_US&edition=fundamental","pubTime":"2025-04-08 13:39","market":"sg","language":"en","title":"Singapore PM Says US Universal Tariff Doesn't Look Open for Negotiation","url":"https://stock-news.laohu8.com/highlight/detail?id=2525357488","media":"Reuters","summary":"SINGAPORE, April 8  - Singapore Prime Minister Lawrence Wong on Tuesday said a 10% universal tariff rate imposed by U.S. President Donald Trump does not look open for negotiation.“We are very disappointed by the U.S. move, especially considering the deep and longstanding friendship between our two countries. These are not actions one does to a friend,\" Wong told parliament on Tuesday, adding Singapore would not impose retaliatory tariffs.","content":"<html><head></head><body><p>SINGAPORE, April 8 (Reuters) - Singapore Prime Minister Lawrence Wong said on Tuesday a 10% universal tariff rate imposed by the United States does not look open for negotiation and warned of potential upheaval in the domestic economy from a global escalation of trade disputes.</p><p>Wong in an address to parliament said there was no doubt trade-reliant Singapore&#39;s growth would be significantly impacted and the government would likely revise down its gross domestic product growth forecasts, but it was unclear if the city-state would go into recession this year.</p><p>The current trade ministry GDP forecast for 2025 is 1% to 3%.</p><p>&#34;It doesn&#39;t look like the 10% universal rate is open for negotiation. This seems to be the fixed minimum tariff, regardless of a country&#39;s trade balance or existing trade arrangements,&#34; he said.</p><p>Singapore escaped the much larger tariff rates imposed on many of its Southeast Asian neighbours last week but has taken issue with the imposition of the 10% universal rate due to its free-trade agreement with Washington.</p><p>&#34;We are very disappointed by the U.S. move, especially considering the deep and longstanding friendship between our two countries. These are not actions one does to a friend,&#34; Wong said, adding Singapore would not impose retaliatory tariffs.</p><p>He also said &#34;the likelihood of a full-blown global trade war is growing&#34;, anticipating weaker near-term global growth and reduced demand for Singapore&#39;s goods and services.</p><p>He warned that if companies relocate from Singapore to the U.S., there would be job losses and retrenchments.</p><p>&#34;The government will do everything we can to navigate through the choppy waters and ensure no one is left behind,&#34; he added.</p><p>The United States had a goods trade surplus of $2.8 billion with Singapore last year, according to the website of the U.S. Trade Representative website states. However, Singapore Trade Minister Gan Kim Yong last week said the U.S. trade surplus with Singapore amounted to a &#34;substantial&#34; $30 billion in 2024.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore PM Says US Universal Tariff Doesn't Look Open for Negotiation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore PM Says US Universal Tariff Doesn't Look Open for Negotiation\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-04-08 13:39</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>SINGAPORE, April 8 (Reuters) - Singapore Prime Minister Lawrence Wong said on Tuesday a 10% universal tariff rate imposed by the United States does not look open for negotiation and warned of potential upheaval in the domestic economy from a global escalation of trade disputes.</p><p>Wong in an address to parliament said there was no doubt trade-reliant Singapore&#39;s growth would be significantly impacted and the government would likely revise down its gross domestic product growth forecasts, but it was unclear if the city-state would go into recession this year.</p><p>The current trade ministry GDP forecast for 2025 is 1% to 3%.</p><p>&#34;It doesn&#39;t look like the 10% universal rate is open for negotiation. This seems to be the fixed minimum tariff, regardless of a country&#39;s trade balance or existing trade arrangements,&#34; he said.</p><p>Singapore escaped the much larger tariff rates imposed on many of its Southeast Asian neighbours last week but has taken issue with the imposition of the 10% universal rate due to its free-trade agreement with Washington.</p><p>&#34;We are very disappointed by the U.S. move, especially considering the deep and longstanding friendship between our two countries. These are not actions one does to a friend,&#34; Wong said, adding Singapore would not impose retaliatory tariffs.</p><p>He also said &#34;the likelihood of a full-blown global trade war is growing&#34;, anticipating weaker near-term global growth and reduced demand for Singapore&#39;s goods and services.</p><p>He warned that if companies relocate from Singapore to the U.S., there would be job losses and retrenchments.</p><p>&#34;The government will do everything we can to navigate through the choppy waters and ensure no one is left behind,&#34; he added.</p><p>The United States had a goods trade surplus of $2.8 billion with Singapore last year, according to the website of the U.S. Trade Representative website states. However, Singapore Trade Minister Gan Kim Yong last week said the U.S. trade surplus with Singapore amounted to a &#34;substantial&#34; $30 billion in 2024.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250408:nP8N3LJ05Y:2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2525357488","content_text":"SINGAPORE, April 8 (Reuters) - Singapore Prime Minister Lawrence Wong said on Tuesday a 10% universal tariff rate imposed by the United States does not look open for negotiation and warned of potential upheaval in the domestic economy from a global escalation of trade disputes.Wong in an address to parliament said there was no doubt trade-reliant Singapore's growth would be significantly impacted and the government would likely revise down its gross domestic product growth forecasts, but it was unclear if the city-state would go into recession this year.The current trade ministry GDP forecast for 2025 is 1% to 3%.\"It doesn't look like the 10% universal rate is open for negotiation. This seems to be the fixed minimum tariff, regardless of a country's trade balance or existing trade arrangements,\" he said.Singapore escaped the much larger tariff rates imposed on many of its Southeast Asian neighbours last week but has taken issue with the imposition of the 10% universal rate due to its free-trade agreement with Washington.\"We are very disappointed by the U.S. move, especially considering the deep and longstanding friendship between our two countries. These are not actions one does to a friend,\" Wong said, adding Singapore would not impose retaliatory tariffs.He also said \"the likelihood of a full-blown global trade war is growing\", anticipating weaker near-term global growth and reduced demand for Singapore's goods and services.He warned that if companies relocate from Singapore to the U.S., there would be job losses and retrenchments.\"The government will do everything we can to navigate through the choppy waters and ensure no one is left behind,\" he added.The United States had a goods trade surplus of $2.8 billion with Singapore last year, according to the website of the U.S. Trade Representative website states. However, Singapore Trade Minister Gan Kim Yong last week said the U.S. trade surplus with Singapore amounted to a \"substantial\" $30 billion in 2024.","news_type":1,"symbols_score_info":{"STI.SI":1.1}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":false,"newsSizeData":{"likeSize":12,"commentSize":4,"repostSize":4,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}