US Refuses to Lift 10% Tariff on Singapore Imports, But Talks to Continue
The United States has decided not to reduce its 10 per cent tariff on imports from Singapore, despite ongoing trade discussions between the two nations. According to Deputy Prime Minister Gan, both countries have agreed to continue exploring ways to deepen their economic relationship and strengthen trade ties. The US tariffs, imposed as part of a broader trade strategy, have been a point of contention in US-Singapore trade relations. As both nations seek to promote free trade and economic cooperation, they will continue to engage in talks to find mutually beneficial solutions. Key areas of discussion include trade liberalization, tariff reduction, and investment promotion, with the goal of enhancing bilateral trade and economic growth. The ongoing dialogue reflects the strong economic partnership between the US and Singapore, with a focus on promoting trade facilitation and cooperation in areas like digital trade and intellectual property protection.