Critical to promote free trade amid US moves that increase protectionist pressure: PM Lee

Sydney

RECENT moves by the United States to protect domestic industries have raised the spectre of tit-for-tat trade wars, warned Prime Minister Lee Hsien Loong on Thursday as he urged countries to continue promoting free trade.

While noting that Singapore has been impacted by US trade measures, he said his concern was that a precedent had been set and countries were now "under pressure to retaliate".

"If trust i…