Trump tariffs

WTO Ministerial Conference 14: A tipping point for Singapore’s digital economy

The business community is looking for concrete progress on two digital trade issues – to keep innovation thriving

A garment factory in Ho Chi Minh City. Targets of the US probes include Vietnam, which had the largest trade surplus with the US in January.

US tariff turmoil: Will partners in Asia and Europe break away from their 2025 deals?

For economies already hit by the war in Iran, America’s new ‘unfair trade practices probes’ spell only more trouble

US President Donald Trump is seeking  to rebuild tariff pressure on countries around the world, after the Supreme Court ruled his global tariffs as illegal.

US opens unfair trade practices probe of 60 economies over forced labour

They include the European Union, Britain, Israel, India, China and Russia

In addition to the reduction in money coming into the government’s coffers, the US will likely have to refund all the tariffs it collected using Ieepa.

US budget deficit narrows at slower pace after tariff rate decrease

The country’s effective tariff rate across all countries is now around 10%

The government will not pay refunds to the final commercial customer or individual consumer, though many bore costs from passed-along tariffs.

With Trump’s tariffs overturned, who gets refunds?

Importers pay tariffs when their goods enter the country

Gan says the immediate impact of the tariff developments on Singapore’s economy is “not expected to be significant”.

Unclear if US tariffs on Singapore will rise from 10% to 15%: Gan Siow Huang

America has yet to issue an official directive on the increase, she says

US officials have not yet committed to returning all of the billions of US dollars in duties that importers already paid or how a refund process should work.

US to pay interest if ordered to refund importers over tariffs

The interest question has not been central to the legal wrangling, but underscores the massive financial stakes

Countries earn foreign exchange from their exports, tourism or through overseas investors.

Hard to make the case for new US global tariffs to apply to Singapore: ex-US envoy

The levies are especially jarring when it comes to the city-state, with which the United States has a consistent trade surplus

Asean governments should recognise that tariffs are the new normal for doing business with America.

Despite legal woes, Trump’s tariffs remain a challenge for South-east Asia

The Supreme Court’s tariff decision introduces new uncertainties, but does not reverse America’s protectionist trend