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.
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External Affairs Minister S Jaishankar arrives in Beijing for critical talks with Chinese counterpart Wang Yi—the first visit since the 2020 Ladakh military clash that brought ties to their lowest in six decades. The agenda: defusing tensions, troop withdrawal along the Line of Actual Control, and rebuilding trade and cultural links.
Afterwards, Jaishankar heads to Tianjin for the SCO foreign ministers meeting (July 14–15), where a joint communique is uncertain after India blocked defence ministers’ support over Pakistan's Pahalgam reference. Ahead of Beijing, he also met Singapore’s leaders to boost investment, semiconductors, infrastructure, and Indo‑Pacific cooperation. This mission aims to reset Indo‑China relations, counter global uncertainty, and reaffirm India’s strategic weight in multilateral diplomacy.
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Japan is set to export six Abukuma-class destroyer escorts to the Philippines in a landmark move aimed at countering China’s growing aggression in the South China Sea. The aging destroyers, in service for over 30 years, will significantly boost the Philippines’ naval capabilities, which currently lack such firepower. Defense ministers from both nations agreed to the deal in Singapore last month. Tokyo will frame the upgrades as a joint development project to bypass Japan’s pacifist export rules. The Philippines will inspect the ships this summer. This strategic partnership comes amid intensifying maritime tensions, as both Tokyo and Manila face growing challenges from Beijing’s territorial claims. The deal marks a new chapter in Asia-Pacific military realignment and is expected to draw a sharp response from China.
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World leaders mourn the horrific crash of Air India Flight AI-171, which killed 240 of the 242 onboard shortly after take-off from Ahmedabad. The international flight to London carried citizens from India, the UK, Portugal, and Canada. King Charles III, UK PM Keir Starmer, EU’s Ursula von der Leyen, and leaders from Canada, Singapore, Malaysia, and Nepal have extended condolences. As India reels, global solidarity pours in for the victims, their families, and the grieving nation.
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A massive explosion rocked the Singapore-flagged container ship MV Wan Hai 503 off Kerala’s coast on Monday. The underdeck blast triggered thick smoke and fire, prompting 18 of the 22 crew to abandon ship. The Indian Navy swiftly diverted INS Surat for rescue, while the Coast Guard joined evacuation efforts. The vessel, en route from Colombo to Mumbai, remains adrift and burning. The Navy is deploying a Dornier aircraft to assess the situation. The incident follows a recent cargo ship sinking nearby.
#KeralaExplosion #MVWanHai503 #IndianNavy #MaritimeEmergency #ShipBlast #ContainerShipFire #SingaporeFlaggedVessel #INSsurat #KeralaCoast #NavyRescue #IndianCoastGuard #MarineDisaster #MaritimeNews #CargoShipCrisis #ShipFire #BreakingNews #SeaRescue #ColomboToMumbai #NavalOps #DornierDeployment #SeaSafety #CrewEvacuation #NavalResponse #KeralaWaters #EnvironmentalConcern
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Scotland’s First Minister says he welcomes Donald Trump’s investment but will use the former president’s visit to raise serious international issues. John Swinney said the suffering in Gaza must end and called for international pressure on Israel to secure a ceasefire, adding that Trump’s trip is a chance to ensure Scotland’s voice is heard on the world stage. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Security preparations are underway as Donald Trump is set to arrive in Scotland on Friday for a five-day private visit. The former US president will land at Prestwick before heading to his Turnberry golf course. Reactions are divided, with one local saying, “There’s enough trouble in the world without Trump coming to play golf,” while another praised his investment and job creation in Scotland. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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#TrumpVsBRICS #DollarDominance #GENIUSAct #TrumpTariffs #ProtectTheDollar #BricsCollapse #CryptoLaw #USReserveCurrency #StablecoinRegulation #TrumpSpeech #TariffThreat #BricsPay #EconomicWarfare #USFinanceLeadership #MAGA #GlobalDollar #TrumpCrypto #AntiBrics #TariffWar #DonaldTrump
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