Economic
Singapore's economic growth to be significantly impacted by US tariffs: PM Wong
Singapore's prime minister warns that US tariffs will significantly impact the country's economic growth in 2026, prompting the creation of a task force to help firms and workers cope.
Prime Minister Lawrence Wong stated that recently announced US tariffs are expected to significantly impact Singapore's economic growth this year, describing the outlook as "choppy waters". The government plans to set up a new task force, chaired by Deputy Prime Minister Gan Kim Yong, to help firms and workers become more resilient and address immediate uncertainties arising from the US levies. The move underscores concerns that protectionist measures could disrupt trade and investment flows critical to Singapore's open economy.
- Status
- active
- Location
- Singapore
- Date added
- 2026-03-25 20:32 UTC
- Last updated
- 2026-03-25 20:32 UTC
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