Singapore PM: US universal tariff doesn’t seem to be open for negotiation
Investing.com -- Singapore’s Prime Minister, Lawrence Wong, announced on Tuesday that a 10% universal tariff rate imposed by U.S. President Donald Trump does not seem to be open for negotiation.
Wong expressed his disappointment with the U.S. decision in a parliamentary meeting, highlighting the deep and established friendship between the two nations.
The Prime Minister stated that such actions are not typically taken against a friend, indicating the unexpected nature of the tariff imposition. Despite this, he assured that Singapore has no plans to impose retaliatory tariffs in response to the U.S. move.
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