Singapore PM says Trump’s universal tariff does not appear open for negotiation

Prime Minister of Singapore, Lawrence Wong, said on Tuesday that the global tariff for President Donald Trump by the Asian country does not seem open to negotiation.

Speaking to parliament, Wong also warned of possible turmoil in the local economy as a result of a global escalation of commercial conflicts.

Wong said that the growth of Singapore will be greatly affected and that the country that depends on trade is likely to review the expectations of the growth of total local products. It is still unclear whether the island will enter the recession this year.

The current GDP of the current Ministry of Commerce is 1 % to 3 % for 2025.

China is running out of 34 % of customs duties on US imports

“It does not seem a 10 % global average for negotiation. This seems to be the minimum of the tariff, regardless of the commercial balance of the country or current commercial arrangements,” Wong said in his title.

Singapore, which applies a zero tariff to American goods, escapes much of the largest tariff that imposed last week on many of its neighbors in Southeast Asia. But the city’s country is still facing the Trump administration’s decision to implement a 10 % global rate despite the free trade agreement with the US government.

“We are very disappointed by the US step, especially given the deep and old friendship between the two countries,” said Wong. “These are not actions that one does for a friend.”

Singapore, which applies zero rows of American goods, has survived the largest tariff rates imposed on many of its neighbors in Southeast Asia. (Getty Images)

However, the Prime Minister said that Singapore will not impose revenge definitions.

“The possibility of the full world war is growing, expecting global growth in the short term in the short term and demand for his country’s goods and services,” Wong said.

The Prime Minister warned that if companies move from Singapore to the United States, this will lead to job losses and revenge.

A legal group to sue the Trump administration regarding the Chinese import tariff: “Congress has never declared.”

Singapore is facing the Trump administration’s decision to implement a 10 % global rate despite the free trade agreement with the United States government. (Chip Somodevilla / Getty Images / Getty Images)

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“The government will do everything we can to move through volatile water and make sure that no one is left behind,” he said.

The United States had a 2.8 billion dollar merchandise trade with Singapore in 2024, according to the American Trade Representative website. But the Minister of Trade at Singapore Gan Kim Young last week said that the United States’ trade surplus with the Asian state amounted to 30 billion dollars last year.

Reuters contributed to this report.