[SINGAPORE] The Republic will continue to be subject to a 10 per cent baseline tariff on exports to the US, said Singapore’s Ministry of Trade and Industry (MTI) on Friday (Aug 1). This is based on the US administration’s executive order on Jul 31 (Eastern Time), said a ministry spokesperson. “MTI has confirmed this understanding with the Office of the US Trade Representative,” added the spokesperson. “We are closely monitoring developments and will seek clarification from our US counterparts as necessary.” Hours before the Aug 1 deadline, the White House released a new list of tariff rates beyond the 10 per cent baseline, including rates of 19 per cent for Cambodia, Malaysia and Thailand. https://www.businesstimes.com.sg/singapore/mti-confirms-singapore-remains-subject-10-baseline-tariff-exports-us (ICE SINGAPORE)

Fonte notizia: The Business Times, 1 August 2025