viernes, 11 de abril de 2025

Tariff showdown continues

If this e-mail is not displayed properly, click here.

FRIDAY, APR 11 2025

Jaime Ho
Straits Times Editor

The ongoing saga on tariffs imposed by the United States continues this week. A baseline tariff of 10 per cent is in effect. There has been a 90-day pause on all other additional levies – except for those on China, which saw its tariffs increase to 145 per cent as at the time of this writing. For its part, China raised taxes on US goods by 84 per cent.

Even before the recent developments, Prime Minister Lawrence Wong warned on April 8 that US President Donald Trump's "Liberation Day" tariffs underscore a grim reality that the era of rules-based globalisation and free trade is over. "Singapore may or may not go into recession this year. But I have no doubt that our growth will be significantly impacted," he said.

The situation, of course, remains entirely unpredictable. But it will not be surprising if Mr Trump's start-stop approach to tariffs sees the US increasingly isolated, my colleague Lin Suling writes. We will just have to wait and see, and brace ourselves for not just what the next few weeks will bring, but also what the new longer-term reality looks like.

Here in Singapore, momentum continues to build towards a general election, and aside from ST's comprehensive coverage, we took a lighter look at how politicians in Singapore have used food as social currency on their online platforms. The question we asked: Can politicians win hearts with hawker food?

Lastly, as part of ST's 180th anniversary activities, thousands of students from 51 schools are set to join ST's fun quiz game show, What's The News? This is one of many ST180 activities planned for the year. We hope the quiz and its format will further engage our youth when it comes to local and global affairs, and get them to think more about how various issues affect us.

Until next week, have a good weekend.

US tariffs will significantly impact S'pore's growth; Budget 2025 to help in short term: PM Wong

New task force will help address immediate uncertainties while the Govt continues to monitor the situation.

US tariff pause: Trump tries to unite the world against China, calm stock markets

China is unlikely to yield to tariff pressure, said analysts.

GE2025: Where political parties here stand on the key issues

ST looks at what the three parties in Parliament have espoused over this term of government.

Of bak chor mee and ballot boxes: Can politicians win hearts with hawker food?

Analysts say it is a way for politicians to show that they relate to Singaporeans.

Podcast: How MacPherson MP Tin Pei Ling continues to serve residents amid public scrutiny

She also makes a pitch to young voters for why the PAP is the best party for the current climate.

Who are the Malaysian duo who now own Cold Storage and Giant?

New owners of Cold Storage and Giant supermarkets are retail veterans from across the Causeway.

Virtual romance, real money: Why some S'poreans spend 4 figures for love in Deepspace

For many, these virtual love interests offer emotional support in a way a real person would.

51 schools ready to take on preliminary round of ST's What's The News? current affairs quiz

What's The News? is organised by ST, and supported by the Ministry of Education, with the Central Narcotics Bureau as a partner.

For your weekend:

Sign up for more free newsletters from The Straits Times here.

Manage subscription here.

No hay comentarios:

ÚLTIMAS NOTICIAS