US President Donald Trump disrupted the global economic order with sweeping tariffs, sparking the possibility of a global trade war, soaring prices, and a devastating blow to global economic growth.

To the surprise of many, Singapore was handed down a tariff of 10%, despite being a long-term ally. Still, some believe that there are silver linings to be found within these dark clouds. 

Could Singapore turn this crisis into an opportunity to become a new safe haven for multinationals fleeing an unstable world?

Or will the tariffs expose the vulnerabilities of our small, open economy?

On The Hot Seat, Hongbin Jeong speaks to Professor Goh Jing Rong, Assistant Professor of Economics from Singapore Management University and Dr Jayant Menon, Visiting Senior Fellow, Regional Economic Studies Programme, from ISEAS – Yusof Ishak Institute, where they discuss whether Trump's tariffs could turn out to be beneficial for Singapore.