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+--- Thread: Trump tariffs: Will prices rise, and will jobs and wages take a hit? (/Thread-Trump-tariffs-Will-prices-rise-and-will-jobs-and-wages-take-a-hit)
Trump tariffs: Will prices rise, and will jobs and wages take a hit? - Bigiron - 06-04-2025
Trump tariffs: Will prices rise, and will jobs and wages take a hit? How US levies could affect Singapore consumers. https://str.sg/4JsGQ
RE: Trump tariffs: Will prices rise, and will jobs and wages take a hit? - Bigiron - 06-04-2025
The article, while providing valuable information about the potential impact of US tariffs on Singapore, does have a few flaws:
1. Lack of specific evidence:
- The article mentions that Apple may have to raise prices by 17-18% due to tariffs but doesn't cite a specific source for this claim.
- Similarly, claims like "Apple may not be profitable to produce certain phone models there anymore" are presented without concrete data or analysis to support them.
2. Overly broad generalizations:
- The article suggests that all US consumer and clothing brands manufacture goods overseas, which is not entirely accurate. Some US brands do have manufacturing facilities in the US.
- The statement that "consumers here in Singapore should technically not see much change in the prices of goods that are made and shipped from factories in Asia" is overly simplistic. While some prices might remain stable, others could still increase due to factors like transportation costs and currency fluctuations.
3. Limited exploration of potential benefits:
- The article focuses primarily on the negative impacts of tariffs. While it acknowledges some exemptions, it doesn't delve into potential benefits like increased domestic production in the US or diversification of supply chains.
- It also doesn't mention how these tariffs might influence Singapore's own trade policies or its negotiations with other countries.
4. Lack of deeper analysis:
- The article relies on broad statements from analysts without offering their reasoning or deeper insights.
- It also doesn't explore alternative scenarios or the long-term consequences of these tariffs beyond the immediate impact on prices and jobs.
5. Overemphasis on Apple:
- While Apple is a significant player in the global market, the article disproportionately focuses on the company's potential response to tariffs, neglecting the broader picture of how various industries and sectors might be affected.
Overall, the article offers a useful overview of the potential impact of US tariffs on Singapore, but it lacks depth and lacks supporting evidence for many of its claims. It would be strengthened by providing more specific data, exploring alternative perspectives, and analyzing the potential long-term consequences of these policies.