US tariffs

China slams US trade probe ahead of Paris talks

China is conducting an assessment of the probes

US Trade Representative Jamieson Greer announced on Wednesday (Mar 11) that his office would begin a probe into more than a dozen major economies under Section 301

China, Singapore among economies under US trade probe; MTI disputes US trade surplus claim

The administration is planning another investigation related to a ban on imports made with forced labour

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 new US tariff regime, which is set to remain in place at least until July, could provide a window of opportunity for some Chinese factories.
NEWS ANALYSIS

US tariff reprieve sparks scramble, and scepticism, in China’s export hubs

Scepticism reflects concerns over trajectory of US-China ties

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

Outbound shipments from China grew 21.8% in US dollar terms in the January-to-February period.

China’s exports turbocharge into 2026 after record-breaking year

Trade surplus tops expectations, reaching US$213.6 billion in first two months

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

“It’s my strong belief that the tariff rates will be back to their old rate within five months,” US Treasury Secretary Scott Bessent said.

Trump’s tariff hike to 15% likely this week, Bessent says

The Treasury chief also plays down the risk to the oil market from the US and Israeli war against Iran

Deputy Prime Minister Gan Kim Yong says that even in the difficult environment now, there remain “good opportunities for Singapore as a trusted, knowledge-driven and connected hub”.

Singapore to reassess growth, inflation forecasts if necessary: DPM Gan

City-state faces an ‘unpredictable and uncertain’ global trading environment, says the deputy prime minister