How will Trump’s tariffs affect GE2025?

[SINGAPORE] The cost of living and economy will no doubt top voters’ minds as they head into the 2025 General Election (GE) – much like most other elections.

But what’s different this time is the effects of high costs may be more keenly felt than before – as we wearily exit an episode of high inflation only to find ourselves possibly on the brink of entering Season Two, following US President Donald Trump’s onslaught of tariffs.

In a ministerial statement on Tuesday (Apr 8), Prime Minister Lawrence Wong said the government’s deeper worry is not the direct impact that businesses face, but the wider implications for the global trading system and the world economy.