Singapore’s trade outlook remains vulnerable despite an improved forecast for exports, according to RHB. Singapore’s economy is facing persistent global uncertainty, even as near-term trade data offers some upside surprises, RHB said in a new report. The analysis comes after US President Donald Trump signed an executive order imposing new “reciprocal” tariffs on 68 countries and the EU, effective 7 August. The baseline tariff is 10%, with some rates reaching as high as 50% for India, 39% for Switzerland, and 35% for Canada. Several countries, including Cambodia, Thailand, and Taiwan, have negotiated lower rates, while Japan, the EU, and some ASEAN economies have secured broader concessions.   https://sbr.com.sg/economy/in-focus/singapore-seen-safe-haven-despite-global-trade-risks (ICE SINGAPORE)

Fonte notizia: Singapore Business Reviews, 11 August 2025