Struggling to make sense of Trump tariffs, Singapore exporters look to diversify
The Republic is less affected than regional peers, but will still suffer knock-on effects: local companies
[SINGAPORE] With no safe haven from US President Donald Trump’s “Liberation Day” tariffs, Singapore exporters may not necessarily be hit worse than others. Still, companies told The Business Times that they are doubling down on diversifying suppliers and customers.
On Wednesday (Apr 2), Trump announced a universal baseline 10 per cent tariff on imports and higher levies on 60 “worst offenders”.
“No single country is immune,” noted Camellia Chan, chief executive officer of storage device maker Flexxon.
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