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US-China tariff rollback: marginal gains for Singapore amid lingering uncertainty

Any benefits to Singapore’s economy are likely to be limited and short-lived, say economists

Low Youjin
 Sharon See
Published Tue, May 13, 2025 · 06:11 PM
    • US tariffs on Chinese goods will fall to 30%, while China will impose a 10% rate on American imports.
    • US tariffs on Chinese goods will fall to 30%, while China will impose a 10% rate on American imports. PHOTO: REUTERS

    [SINGAPORE] A temporary rollback in US-China tariffs has buoyed global markets and near-term sentiment, but economists expect any benefits to Singapore’s economy to be limited and short-lived.

    Structural uncertainties still cloud the outlook, and some damage has already been done, they noted.

    Said Moody’s Analytics economist Heron Lim: “Singapore might see a small boost, but it will not be substantial.”

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