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
#Semiconductors
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What's new: The figure beat forecasts, and some economists lifted 2026 growth views to as high as 4.8%.
Channel News Asia, CNBC +2
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What’s new: Chips made up S$1.7 billion of Singapore’s S$3.1 billion electronics exports in March, while non-electronics exports fell 3.5% in Q1.
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Why it matters: The expansion more than doubles local cleanroom capacity and is expected to add 1,000 jobs as AI chip demand rises.
TSMC May sales jump 30% as AI chip demand stays strong
What's next: Analysts expect second-quarter sales to rise 35%, after TSMC lifted its 2026 outlook and spending plans in April.
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.