Singapore Officially Speaks Up!
In a statement today at the parliament, Singapore Prime Minister and Finance Minister Heng Swee Keat addressed the impact of the US imposing retaliatory tariffs and expressed clearly that Singapore will not adopt retaliatory tariff measures. However, he also issued a warning that this round of tariff hikes by the US might just be the beginning of a global wave of tariff increases, with the possibility of a full-scale global trade war escalating.
Despite the trade surplus that the US has with Singapore, Trump still imposed a 10% tariff on Singapore. This action fully exposes Trump's intention to "make America great again" by plundering wealth from other countries. Trump's reckless measures have caused significant shocks to the global market, and even the US itself is not spared. Yet, he remains stubborn and plans to continue increasing taxes. As the saying goes, "He who follows the right path will have many helpers; he who strays from it will find few supporters." The US will inevitably pay the price for its actions, and Asian countries are all taking note of what the US is doing.
Original article: https://www.toutiao.com/article/1828821195808011/
Disclaimer: The article solely represents the author's personal views.