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.
Singapore Prime Minister Lawrence Wong issued a grave warning on the global repercussions of U.S. President Donald Trump's tariff escalation. In a video address, Wong expressed concern that trade wars could escalate into full-blown armed conflicts if unchecked. He confirmed that Singapore has been directly impacted by a 10% tariff imposed by Washington on its exports. The move, part of Trump’s wider “America First” economic retaliation strategy, is drawing concern from trade-reliant nations across Asia. Wong urged global leaders to act fast to protect multilateral trade and peace.
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