The April 14 announcement of downgrading by MTI comes exactly two months after a February 14 media release stating that the ministry was maintaining the Singapore “GDP growth forecast for 2025 at 1.0 to 3.0 per cent”. That media release had said that the Singapore economy had expanded by 4.4 per cent in 2024.
Tag: Trump Tariffs
Trump hands China 125 percent tariff, partial respite for India and 74 other countries
Trump made these announcement on social media, stating that the decision to raise tariffs on China was due to the lack of respect China has shown to the world’s markets. He mentioned that China’s actions of “ripping off” the US and other countries will no longer be accepted.
Trump shoots reciprocal tariffs from baseline 10 pc to higher; 26 pc on India imports
Triggering almost a global trade war, US President Donald Trump on Wednesday announced tariffs of at least 10 percent on almost all goods from other countries, plus even higher rates for many nations, including friends, but deemed to be “worst offenders”. Addressing an audience in the Rose Gardens of the White House, including rows of […]
Donald Trump set to announce sweeping tariffs on global trade partners upending world trade order
Several economists have said the rolling out of the tariffs is a risky move that threatens to plunge the economy into a downturn and upend decades-old alliances.
