Tag: tariffs

12.5% Tariff Hits Singapore’s Tech Exports, Affecting One-Third of Total

The United States has announced the imposition of a 12.5% tariff on roughly one-third of Singapore's domestic exports, citing concerns over enforcement of forced labour laws. This move is part of a broader trade strategy impacting numerous global economies. In response, Singapore promptly rejected these allegations, asserting that the nation has a robust legal framework to combat forced labour and does not condone such...

Trump’s Tariff Move Sparks Debate Over Tech’s Role in Forced Labor

President Donald Trump's administration is under scrutiny following the introduction of new tariffs on imports from over 80 nations, with critics arguing that the justification of combating forced labor is being misused to further trade policy goals. The tariffs, which range from 10% to 12.5%, affect countries such as the United Kingdom, members of the European Union, Canada, Mexico, Australia, India, and China. These...
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