Singapore Downgrades Growth Forecast Amid U.S.-China Trade War

Cranes at Pulau Brani port terminal stand against the skyline in Singapore on February 25, 2025. (Photo by Roslan RAHMAN / AFP)

Singapore on Monday downgraded its economic growth forecast for this year, the government said, as the trade-dependent nation braces for the effects of sweeping U.S. tariffs and the U.S.-China trade war.

Although President Donald Trump imposed the baseline 10 percent tariffs on Singapore, the city-state is vulnerable to a global economic slowdown caused by the much higher levies on dozens of other countries because of its heavy reliance on international trade.

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by Agence France-Presse

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