Since it's cooling-off day here's something not related to Singapore's General Election, to take our minds off it a little bit.
I had to restrict myself from publishing on GE during the campaign week as there were reasons to believe I might become a target just like in 2020. And, indeed, my personal Facebook account was locked again for quite questionable reasons (seemingly automated, but I'm not convinced), despite the fact I have said very little about the election. Alas...
Anyway, let's talk about Trump's insistence on the 10% tariff on Singapore and other countries that the US already has trade surpluses with.
Why is the new American administration so insistent on keeping the rate in place even as Singapore has a Free Trade Agreement with the USA?
Well, there are good reasons but to explain them I'm going to need to keep this article behind a paywall again, as it is going to contain some elements of a larger piece I'm working on, explaining the entire new tariff strategy with numbers.
And those numbers make sense for the USA and, surprisingly, in some ways for Singapore too. Let's take a look. (1208 words left)
