US President Donald Trump has unveiled expansive new tariffs in a major escalation of his trade war, referring to the historic move as a “declaration of economic independence.” In his most ambitious economic policy, he announced a tariff of 10% of all goods coming into the US from anywhere in the world, including Singapore.

He also imposed hefty “reciprocal” tariffs on at least 60 trading partners, including China and the European Union, which will be levied new duties of 34% and 20%, respectively.

Foreign countries, including long-time US allies, say Trump’s tariffs won’t go unanswered. 'Liberation Day’ is here, but what will it mean for global trade moving forward? Will we have a tit-for-tat trade war that could quickly spiral out of control? How will Singapore be impacted? 

On The Big Story, Hongbin Jeong speaks with Selena Ling, Chief Economist & Head, Global Markets Research & Strategy, OCBC to find out more. 

 

Presented by: Hongbin Jeong

Produced and Edited by: Nadiah Koh (nadkoh@sph.com.sg)

Want to get featured on our show? Drop me an email today!

US President Donald Trump has unveiled expansive new tariffs in a major escalation of his trade war, referring to the historic move as a &ldquo;declaration of economic independence.&rdquo; In his most ambitious economic policy, he announced a tariff of 10% of all goods coming into the US from anywhere in the world, including Singapore.
He also imposed hefty &ldquo;reciprocal&rdquo; tariffs on at least 60 trading partners, including China and the European Union, which will be levied new duties of 34% and 20%, respectively.
Foreign countries, including long-time US allies, say Trump&rsquo;s tariffs won&rsquo;t go unanswered. 'Liberation Day&rsquo; is here, but what will it mean for global trade moving forward?&nbsp;Will we have a tit-for-tat trade war that could quickly spiral out of control? How will Singapore be impacted?&nbsp;
On The Big Story, Hongbin Jeong speaks with Selena Ling, Chief Economist &amp; Head, Global Markets Research &amp; Strategy, OCBC to find out more.&nbsp;
&nbsp;
Presented by: Hongbin Jeong
Produced and Edited by: Nadiah Koh (<a href="mailto:nadkoh@sph.com.sg">nadkoh@sph.com.sg</a>)
Want to get featured on our show? Drop me an email today!

Your Way Home with Hongbin Jeong is your 4–8pm drive companion,

Your Way Home with Hongbin Jeong is your 4–8pm drive companion, guiding you through the day’s biggest headlines, trending conversations and the issues shaping Singapore and the world.

From news and current affairs to lifestyle insights and generational perspectives, the show helps you make sense of what’s happening — with clarity, context and a touch of personality.

Whether you’re catching up after a long day or tuning in on the move, Your Way Home keeps you informed, engaged and connected — all the way home.

And she closes the day with a song that says it all.

Your Way Home with Hongbin Jeong is your 4&ndash;8pm drive companion, guiding you through the day&rsquo;s biggest headlines, trending conversations and the issues shaping Singapore and the world.
From news and current affairs to lifestyle insights and generational perspectives, the show helps you make sense of what&rsquo;s happening &mdash; with clarity, context and a touch of personality.
Whether you&rsquo;re catching up after a long day or tuning in on the move, Your Way Home keeps you informed, engaged and connected &mdash; all the way home.
And she closes the day with a song that says it all.