Singapore PM Warns of Global Trade Collapse After Trump Tariffs Shock Markets
Video Credit: Oneindia - Duration: 23:09s - Published
Singapore PM Warns of Global Trade Collapse After Trump Tariffs Shock Markets
Singapore Prime Minister Lawrence Wong has issued a stark warning about the unraveling global trade system.
Following Donald Trump's sweeping new tariffs, Wong compared today’s fragmentation to pre–World War conditions.
He cautioned against rising protectionism and urged nations to avoid a return to economic nationalism.Markets remain volatile as global leaders grapple with the fallout from the U.S. trade shift.
Singapore Prime Minister Lawrence Wong issued a grave warning on the global repercussions of U.S. President Donald Trump's tariff escalation. In a video address, Wong expressed concern that trade wars could escalate into full-blown armed conflicts if unchecked. He confirmed that Singapore has been directly impacted by a 10% tariff imposed by Washington on its exports. The move, part of Trump’s wider “America First” economic retaliation strategy, is drawing concern from trade-reliant nations across Asia. Wong urged global leaders to act fast to protect multilateral trade and peace.
#TradeWars #TrumpTariffs #SingaporePM #LawrenceWong #GlobalConflict #USChinaTrade #TariffWar #SingaporeExports #TrumpEconomy #FreeTrade #WorldTrade #Geopolitics #AsiaPacific #TariffTensions #TrumpVsWorld #EconomicShockwaves #Protectionism #GlobalTradeCrisis #AmericaFirst #TradePeaceNow
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Chinese President Xi Jinping’s visit to Malaysia marks a pivotal moment in Beijing’s bid to outmaneuver the U.S. in Southeast Asia. With Trump-era tariffs souring Washington's trade ties, Xi aims to convince Malaysia and ASEAN that China is the region’s best long-term partner. Touting deepened strategic ties, tech cooperation, and economic integration, Xi’s charm offensive leans into BRICS, RCEP, and de-dollarization plans. As Malaysia looks East, Beijing is pushing hard to anchor a new global order that trades in renminbi—and trades away American dominance.
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U.S. President Donald Trump has issued a strong warning to China, stating that the "ball is in China's court" amidst rising tensions and escalating tariffs. America's tariffs on Chinese goods have reached 145%, while China retaliates with 125% tariffs on U.S. imports. White House Press Secretary Karoline Leavitt emphasized that while the U.S. is open to negotiations, China must take the first step. This conflict, sparked by trade practices and the fentanyl issue, has deepened since Trump’s administration took office, with both countries facing significant economic consequences.
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