Trade Policy & Tariffs
High ImpactUS Tariffs May Trigger Global Trade War; Singapore Faces Growth Downgrade
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The signal
Singapore's Deputy Prime Minister has warned that US tariff policies carry the risk of escalating into a global trade war, prompting consideration of a downgrade to Singapore's full-year growth forecast. This reflects broader concern among trading economies about tariff-driven disruptions to international commerce and their cascading effects on economic performance.
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