US imposes 12.5% tariff on one-third of Singapore exports
About one-third of Singapore's domestic exports to the US are affected, though pharmaceuticals, semiconductors and energy are exempted.
Channel News Asia, Antara News
Subject
#Ministry Of Trade and Industry
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What's new: The figure beat forecasts, and some economists lifted 2026 growth views to as high as 4.8%.
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What's next: Economists expect MAS to keep policy unchanged in July even as officials warn energy costs could lift imported inflation.
US proposed 12.5% tariff could hit one-third of Singapore exports
What's next: The plan faces public comments and USTR hearings in July before current US reciprocal tariffs expire on July 24.