US latest Tariffs And the
Impact on Singapore The US president has signed an executive order on 31.07.25 imposing new tariffs on goods imported from various countries takes effect from 7 Aug 2025
SMEs which make up 99% of business here
Will be affected
Ultimately Singapore is looking at external
demand and trade flows through its ports, to support economic growth and job creation
The government is planning to provide
Business adoption grants, which will be launched by Oct to help companies adjust to new tariffs environment
The grant which will be capped at $100,000
Per company and require co- funding by firms