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.
#Jaishankar #BeijingVisit #IndiaChinaTies #LadakhStandoff #WangYi #SCO2025 #TianjinMeeting #TroopWithdrawal #TradeTalks #PeopleToPeople #Diplomacy #IndiaForeignPolicy #SingaporeMeeting #IndoPacific #StrategicDialogue #ChinaIndia #GlobalDiplomacy #RegionalStability #SCO #HighStakesTalks
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.
#JapanPhilippines #SouthChinaSea #ChinaTensions #AbukumaDestroyers #NavalDeal #GeopoliticsAsia #USAllies #JapanDefense #PhilippinesNavy #TokyoManila #MilitaryExports #AntiChinaStrategy #MaritimeSecurity #AsiaSecurity #BeijingAggression #SeaPower #JapanNews #PhilippinesNews #WarshipsTransfer #ChinaExpansion
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Israelis are taking to the streets in massive protests, demanding a hostage release deal with Hamas before it’s too late. From chants in Tel Aviv’s Hostages Square to anti-war rallies across the country, families accuse Prime Minister Netanyahu of sacrificing captives as he pushes ahead with a Gaza City offensive. Hamas has already agreed to a phased ceasefire deal, but Netanyahu insists on tougher conditions — leaving the hostages’ fate hanging by a thread. Is this truly the last chance to save lives?
#IsraelProtests #HostageCrisis #Netanyahu #HamasDeal #GazaWar #CeasefireNow #BringThemHome #MiddleEastCrisis #TelAvivProtests #BreakingNews #OneIndiaNews
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The governor of Illinois has accused Donald Trump of "attempting to manufacture a crisis" over reports the US president was considering deploying the military in.. Sky News
A man who was wrongly deported to El Salvador by the Trump administration has been threatened with removal again, according to a court filing by his lawyers. Sky News
During the signing of the landmark GENIUS Act, President Trump launched a spectacular verbal assault on BRICS, calling the bloc a “little group fading fast”, accusing it of trying to dethrone the US dollar. He reaffirmed his threat of a 10% tariff on any country joining the alliance, claiming the measure “hit them very hard” and caused BRICS attendance to collapse. Trump emphasized the GENIUS Act’s role in cementing American leadership in crypto and finance, proudly noting, “They named it after me!”
He portrayed the protection of the dollar's reserve status as vital—comparable to “not losing a World War.” Meanwhile, the newly passed law establishes regulatory clarity for stablecoins, bolstering US dominance in digital currency while rejecting central bank digital currency. Trump delivered his usual bombast: BRICS must never “play games with us.” Critics point out there's little evidence BRICS plans a dollar coup, but Trump’s economic war strategy is on full display.
#TrumpVsBRICS #DollarDominance #GENIUSAct #TrumpTariffs #ProtectTheDollar #BricsCollapse #CryptoLaw #USReserveCurrency #StablecoinRegulation #TrumpSpeech #TariffThreat #BricsPay #EconomicWarfare #USFinanceLeadership #MAGA #GlobalDollar #TrumpCrypto #AntiBrics #TariffWar #DonaldTrump
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US economy has contracted for the first time in three years, raising alarms over a potential recession. This downturn is being linked to the abrupt economic policies enacted during Trump's tenure,..
Trump declared that his tariffs are having a devastating impact on China’s economy, claiming that factories are shutting down and cargo ships are "turning back." Speaking with visible satisfaction,..
Canada's new Prime Minister Mark Carney is taking a firm stand against President Trump’s aggressive trade rhetoric. After winning a Liberal minority, Carney made it clear that Canada will only engage..
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