Singapore has set up an inter-agency working group to address the U.S. tariffs

GateNews

2025-04-16 11:06:42

Gate.io News bot, according to Bloomberg, the Singapore government announced the establishment of an inter-departmental tariff response task force in response to the 10% tariff imposed by the United States on Singaporean goods this month. The task force worked with unions and employers to develop a number of mitigation options.

Singapore’s Deputy Prime Minister Gan Kim Yong announced that he will adjust his economic growth forecast for 2025 from 1%-3% to 0%-2%.

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