Singapore Won’t Retaliate Against US Tariffs But Seeks Talks

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Singapore Deputy Prime Minister Gan Kim Yong ruled out any immediate retaliation against the US after it imposed a 10% baseline global tariff that threatens to have a “significant impact” on the trading hub’s economy.

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Trump’s Tariffs Ignite Concerns About US Recession

Byadmin
Almost a century ago, the US enacted a tariff law that triggered a global trade war and exacerbated the Great Depression. Now, President Donald Trump is wagering that the world has evolved enough to avoid a repeat. However, his plans have ignited concerns of a US recession, global slowdown, and the potential collapse of the post-war order. Bloomberg’s Shawn Donnan reports on the latest The Big Take: https://www.bloomberg.com/news/features/2025-03-31/trump-s-reciprocal-tariffs-risk-us-recession-trade-turmoil. (Source: Bloomberg)