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!

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Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.