Singapore on Tuesday criticized U.S. President Donald Trump’s newly imposed tariffs, stating that such actions are not befitting of a friendly relationship.
The government also signaled that it may revise this year’s economic growth forecast downward due to the global fallout.
Speaking before Parliament, Prime Minister Lawrence Wong expressed deep concern over the escalating threat of a global trade war and warned that Singapore—a trade-reliant economy—must brace for tougher times ahead.
“We are very disappointed by the U.S. move, especially considering the deep and long-standing friendship between our two countries. These are not actions one does to a friend,” Wong said.
President Trump’s announcement last week of sweeping tariffs on imports from both allies and adversaries has drawn global criticism. Trump claimed the world has long taken advantage of the United States economically.
Although Singapore was hit with lower tariff rates than other countries, Prime Minister Wong noted that the nation’s export-driven economy remains vulnerable to a broader global slowdown and the unraveling of the free trade-based international economic system.
“Singapore may or may not go into recession this year, but I have no doubt that our growth will be significantly impacted,” he added.
Wong urged Singaporeans and local businesses to prepare for potential disruptions, emphasizing the importance of economic resilience and adaptability in the face of mounting global uncertainties.