Nations around world assess impact of Trump’s latest tariff escalation
Nations around the world are weighing the impact of US President Donald Trump's latest tariff escalation after he hiked duties on US imports to 15%. In a Truth Social post, Mr Trump says the new levies will take effect immediately. He says they are based on "legally tested" authority, which allows duties of up to 15% for 150 days. The developments have drawn swift international reactions. Singapore Deputy Prime Minister Gan Kim Yong says the government will engage with businesses, unions and workers to better understand how they might be affected by the latest tariff hike.
Nations around the world are weighing the impact of US President Donald Trump's latest tariff escalation after he hiked duties on US imports to 15%. In a Truth Social post, Mr Trump says the new levies will take effect immediately. He says they are based on "legally tested" authority, which allows duties of up to 15% for 150 days. The developments have drawn swift international reactions. Singapore Deputy Prime Minister Gan Kim Yong says the government will engage with businesses, unions and workers to better understand how they might be affected by the latest tariff hike.
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