SINGAPORE – Singapore’s construction sector is starting to see some fallout from US President Donald Trump’s global tariffs, with firms here grappling with uncertainty over pricing and supply of raw materials, according to local industry associations. But analysts are mixed on the tariffs’ impact on construction materials costs in Singapore, even as the temporary truce reduces the risks of acute global supply chain disruptions. “New US tariffs on steel and aluminium are tightening global supply chains, and Singapore is starting to feel the strain,” said Mr Benjamin Lim, Singapore Manufacturing Federation’s (SMF) industry group chairman for building products and construction materials. https://www.straitstimes.com/singapore/housing/trade-war-truce-offers-some-respite-but-singapore-construction-sector-eyes-higher-costs (ICE SINGAPORE)

Fonte notizia: The Straits Times, 20 May 2025