Asst Prof Goh Jing Rong on potential impact of Trump's tariffs on Singapore's economy
As US President Donald Trump's tariffs bite down hard on the global economy, analysts in Singapore said more global companies could begin moving their operations to open economies and havens of free trade, such as Singapore. Still, local businesses are worried that this will mean more pressure from foreign competition for local businesses. Dr Goh Jing Rong, Assistant Professor of Economics (Practice) at the Singapore Management University, shared how Trump's tariffs could potentially impact Singapore's economy.
As US President Donald Trump's tariffs bite down hard on the global economy, analysts in Singapore said more global companies could begin moving their operations to open economies and havens of free trade, such as Singapore. Still, local businesses are worried that this will mean more pressure from foreign competition for local businesses. Dr Goh Jing Rong, Assistant Professor of Economics (Practice) at the Singapore Management University, shared how Trump's tariffs could potentially impact Singapore's economy.