Economy
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EconomySingapore Hit With ‘Unjustified’ 12.5% Tariff: How Can It Respond?
Donald Trump has again invoked Section 301 of the US Trade Act of 1974 to impose tariffs on trade partners, citing forced labor. Singapore, China, Japan, South Korea and Australia are among the economies facing a 12.5% rate, while 12 other partners were assigned 10%. The discussion questions whether the forced-labor justification is merely an excuse to impose duties. It also examines whether the measure is legally defensible in the United States and what effects the tariff could have on Singapore.