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Singapore will suffer if Trump’s higher tariffs reduce global growth and trade, analysts say

Singapore will suffer if Trump’s higher tariffs reduce global growth and trade, analysts say

SINGAPORE – There is no denying that any disruption to global trade flows is detrimental to export-led economies like Singapore, a threat that will become serious if former US President Donald Trump wins his country’s presidential election next week.

Self-proclaimed “tariff man” promised to end US dependence on China. create millions of jobs and grow the economy by imposing widespread tariffs on imports, deporting millions of immigrants, undermining the political independence of the central bank, and cutting taxes on billionaires and large corporations.