Singapore Seeks Drug Concessions in US Tariff Talks, ST Says
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Singapore is seeking concessions on pharmaceutical exports to the US, acknowledging that a 10% baseline tariff will not be eased.
Following a call with US Secretary of Commerce Howard Lutnick on Friday, Singapore Deputy Prime Minister Gan Kim Yong told local media that the Asian trading hub is negotiating with the US over pharmaceutical exports as new levies loom over the drugs. Gan said the products makes up over 10% of the city-state’s exports to the US, the Straits Times reported Sunday.