Read more at https://www.channelnewsasia.com/news/singapore/singapore-economy-to-grow-steadily-despite-risks-from-global-10181236
(Updated: )
Ricky Lim ·
MAS also cautioned that global trade tensions between the US and China have posed some downside risks to Singapore's economy.
Due to strong industrial links between Singapore and China, the imposition of US tariffs on Chinese products would have an impact on Singapore's gross domestic product (GDP).
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Hopefully, both US and China can come to good sense that trade war and tariff will hurt not only both US and China - but also the World due to collateral damage.
A trade war is not confine to US and China only -- it will hurt the whole World and the Global Economy.
Due to strong industrial links between Singapore and China, the imposition of US tariffs on Chinese products would have an impact on Singapore's gross domestic product (GDP).
--
Hopefully, both US and China can come to good sense that trade war and tariff will hurt not only both US and China - but also the World due to collateral damage.
A trade war is not confine to US and China only -- it will hurt the whole World and the Global Economy.
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