Dear ST reader, We hope you've been keeping well. US President Donald Trump may have called a 90 day time-out on tariffs for imports from most countries, but the scramble to cut a deal with Washington continues. Dozens of countries are making a beeline for the White House to discuss lower levies, in a bid to shield their economies. China, however, remains resolute. In the face of whopping 145 per cent tariffs imposed on its exports to the US, it has issued retaliatory duties of its own on American goods. This "bring it on" stance takes a leaf from the playbook of founding leader Mao Zedong, writes Yew Lun Tian. In addition, Chinese President Xi Jinping this week embarked on a tour of Vietnam, Malaysia and Cambodia – all nations hard hit by tariffs – to shore up economic ties and present itself as an ally against "unilateralism and protectionism". Our senior columnist Lin Suling posits that instead of isolating China, Trump's tariffs may have the effect of isolating the US instead, as countries reduce their economic dependence on an untrustworthy player. Turning to politics, Singapore heads to the polls on May 3, the same day that Australians will vote in their federal election. Also read Arlina Arshad's analysis on whether the fashion designer son of Indonesian President Prabowo Subianto could play a more active role in politics. |
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