Trump tariffs of 10% to 12.5% hit imports from 60 trade partners
Why it matters: The levies cover about 99% of U.S. imports, raising the risk of higher consumer prices as inflation stays elevated.
BBC News (US & Canada), The Straits Times +2
Subject
#Office Of The US Trade Representative
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
Trump locks in 10%-12.5% tariffs on 60 trading partners
What's next: More trade cases targeting subsidies, semiconductors, robotics and Vietnam could expand the tariff wall by late summer.
China Rejects 12.5% New U.S. Tariff on Forced-Labor Imports
The levy adds to existing duties on Chinese goods, while Beijing has not announced any retaliation.
Antara News, Republika
US tariffs of up to 12.5% on 60 partners draw global pushback
What's new: The duties replaced a temporary tariff the Supreme Court had undercut, giving Trump a more durable legal basis.