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Singapore PM: No Room for Negotiation on US 10% Universal Baseline Tariff; Singapore Won't Take Tariff Retaliation
Singapore Prime Minister Lawrence Wong mentioned in a recent speech to parliament that the imposition of a 10% universal baseline tariff by the US seems to leave no room for negoti...
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Singapore PM: No Room for Negotiation on US 10% Universal Baseline Tariff; Singapore Won't Take Tariff Retaliation
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Singapore Prime Minister Lawrence Wong mentioned in a recent speech to parliament that the imposition of a 10% universal baseline tariff by the US seems to leave no room for negotiation, as it appears to be a fixed minimum tariff unrelated to a country's trade balance or existing trade arrangements.

Wong also expressed deep disappointment with the US hiking tariffs, but he emphasized that Singapore will not take tariff retaliation.

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