US tariffs: Some manufacturers look to boost productivity to offset 12.5% duties
Some Singapore manufacturers are looking to adjust their operations after the latest US tariff increase. They are also holding off on making major changes to where they produce their goods. Meanwhile, others are investing in productivity improvements to offset higher costs. The Singapore Business Federation says it has received a handful of queries on the situation. Associate Professor Goh Puay Guan from NUS Business School explains the challenges companies might face in determining how much to pay for the US tariffs. He also discusses which industries are likely to feel the impact first.
Some Singapore manufacturers are looking to adjust their operations after the latest US tariff increase. They are also holding off on making major changes to where they produce their goods. Meanwhile, others are investing in productivity improvements to offset higher costs. The Singapore Business Federation says it has received a handful of queries on the situation. Associate Professor Goh Puay Guan from NUS Business School explains the challenges companies might face in determining how much to pay for the US tariffs. He also discusses which industries are likely to feel the impact first.
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