Trump tariffs: DPM Gan warns of 'rough waters'; Singapore reassessing growth forecast

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SINGAPORE: While Singapore was hit with the lowest level of tariffs - 10 per cent - in sweeping new levies announced by the United States, the impact will be significant, said Singapore Deputy Prime Minister Gan Kim Yong on Thursday (Apr 3).

"We are at the moment reassessing our economic forecast, and we may need to make adjustments in time to come," he told a media conference.

"We will continue to monitor the situation, and if necessary, we will introduce more measures to help our households and our businesses".

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Article Details

Category: EconomyBusiness

Markets: SingaporeUnited States

Topics: Trade Households Singapore 2025 Level United Minister Continue Cent Engaging Tariffs

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-03 @ 19:07:05 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 458 words

Reading Time: 3 minutes read

Sentences: 35 lines

Sentence Length: 14 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 27561876

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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Year Established: 1999

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News Last Updated: 43 minutes ago

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