Are Singapore’s supermarkets ‘tariff-proof’?
While most grocery prices will remain stable, consumers are likely to tighten their belts ahead of an uncertain economic outlook, say analysts
[SINGAPORE] The United States administration’s tariffs have roiled markets, sparking concerns over a full-blown trade war and a global recession.
Unsurprisingly, markets in trade-reliant Singapore have also been on a rollercoaster. Certain sectors, such as banks and Singapore-listed real estate investment trusts, saw a sell-off before rebounding when US President Donald Trump paused the tariffs on Apr 9.
Against this backdrop, Singapore’s supermarket listings have been mixed. Sheng Siong ’s stock price rebounded to end at S$1.75 as at Apr 24 after a brief dip following Trump’s “Liberation Day” tariffs on Apr 3.
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