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SINGAPORE: Singapore must brace itself for more shocks to come, as the global calm and stability that once existed "will not return anytime soon", said Prime Minister Lawrence Wong in a YouTube video on Friday (Apr 4).
His comments came after the US on Wednesday imposed sweeping new tariffs on almost all its trading partners, sparking a raft of retaliation moves by targeted countries.
"We cannot expect that the rules which protected small states will still hold," said Mr Wong. "I am sharing this with you so that we can all be mentally prepared."
"So that we will not be caught off guard. Let us not be lulled into complacency. The risks are real. The stakes are high."
However, he assured that if Singapore stays resolute and united, it will continue to hold its own in what he described as a "troubled world" that is seeing a growing likelihood of a full-blown global trade war.
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04-Apr 2025 Friday
8:57 PM (7 days ago)
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