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. |
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