Singapore to Work With Unions, Business to Cushion Tariff Impact

The Singapore government joined representatives of employers and trade unions to announce plans to mitigate the impact of growing global trade disputes on the economy, as the city-state pushes back against a 10% tariff imposed by the US on its goods earlier this month.

“We are facing the most serious challenge to the global rules-based economic order,” Deputy Prime Minister Gan Kim Yong said on Wednesday after the first meeting of a taskforce to tackle tariffs. “We must be prepared for a more protectionist, unstable and fragmented era ahead.”