US trade moves mark 'seismic shift' in global order, says Singapore PM Lawrence Wong
Prime Minister Lawrence Wong advises Singaporeans to prepare for increased global volatility driven by US-imposed tariffs and rising protectionism. Although Singapore faces a 10% tariff, the economic repercussions could be significant. Wong emphasizes the need for resilience, international alliances, and vigilance amid a seismic shift away from rules-based globalisation, with potential for severe global consequences.
Prime Minister Lawrence Wong advises Singaporeans to prepare for increased global volatility driven by US-imposed tariffs and rising protectionism. Although Singapore faces a 10% tariff, the economic repercussions could be significant. Wong emphasizes the need for resilience, international alliances, and vigilance amid a seismic shift away from rules-based globalisation, with potential for severe global consequences.
