16-07-2024, 03:04 PM
How does US trade war affect Singapore
Meta AI: The U.S. trade war with China has had the following effects on Singapore ¹ ² ³ ⁴:
- Supply chain disruption
- Higher prices
- Slowdown in hiring
- Direct impact from the tariffs that are applicable to the majority of countries, including Singapore
- Indirect impact arising from disruptions to global supply chains as a result of the tariffs imposed by the U.S. and China directed at each other
- A trade war could lead to a slowdown in global trade if it escalates and spills over to business sentiment and other factors of growth
Meta AI: The U.S. trade war with China has had the following effects on Singapore ¹ ² ³ ⁴:
- Supply chain disruption
- Higher prices
- Slowdown in hiring
- Direct impact from the tariffs that are applicable to the majority of countries, including Singapore
- Indirect impact arising from disruptions to global supply chains as a result of the tariffs imposed by the U.S. and China directed at each other
- A trade war could lead to a slowdown in global trade if it escalates and spills over to business sentiment and other factors of growth
