Lee Hsien Loong on the impact of Trump's tariffs on Singapore

Singapore can no longer rely on a "working" global trading system to fit into, unlike in previous crises, and a recession, though unlikely, remains a possibility, Senior Minister Lee Hsien Loong said on Monday (Apr 14).

In a speech addressing the impact of the United States' sweeping tariffs, Mr Lee said he did not think Singapore would face a recession, but that it "could happen".

"I hope that Singaporeans understand what is happening, what is at stake, and what we must do together to secure our future," he told union leaders at the National Trades Union Congress (NTUC) Centre. Read: https://cna.asia/3YyMnMj

Mr Lee also spoke on the impact of Trump's tariffs on the rest of the world and why they are different from previous crises. Watch the first part of his speech here:    • Lee Hsien Loong on Trump's tariffs: "...  

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