GE2025: 'Flight to safety' has worked for PAP before but worries over US tariffs may not have the same pull, say analysts

Beijing is strategically positioning itself to counter Donald Trump's trade policies, as it has become clear that China is the main target of U.S. tariffs. According to Patrick Wintour, the Chinese government appears to have devised a plan to withstand and potentially thrive amid Trump's economic aggression, emphasizing its commitment to multilateral trade and stability as a global partner, which has been cautiously acknowledged by Europe. This suggests that China's economy may emerge in a...

UK civil servants are enhancing security protocols for handling sensitive trade documents due to concerns over the potential impacts of US trade policy amid Donald Trump's tariff war. The Guardian reports that British officials have revised document-handling guidelines, applying higher classifications to certain trade negotiation papers to prevent unauthorized access by American entities. This move reflects growing tensions in the "special relationship" between the UK and the US, highlighting the need for greater protection of...

The value of California chip designer Nvidia plummeted by billions following new trade restrictions imposed by Donald Trump, causing significant turmoil in the semiconductor sector. As a result, US stock markets saw a sharp decline, with the S&P 500 index dropping approximately 1.3%, the tech-heavy Nasdaq index falling 2.1%, and the Dow Jones decreasing by 0.6% in early trading. This sell-off rattled investors and highlighted the vulnerability of the technology sector to regulatory changes. Full...

Xiaofeng Wang, a cybersecurity professor at Indiana University, was fired on the same day that FBI and Department of Homeland Security agents raided his homes, prompting concerns among Asian students about potential political motivations. Previously, Wang had been questioned by the university regarding undisclosed funding from China for a project that also received US federal research grants. His dismissal via email contradicted the university's own policies, leading to widespread shock in the Bloomington community. Full...

Read a summary of this article on FAST.SINGAPORE: A new task force addressing the impact of US tariffs includes five Cabinet ministers and representatives from business and labor, chaired by Deputy Prime Minister Gan Kim Yong. The task force will assess immediate challenges, communicate with affected businesses, and develop long-term strategies to maintain Singapore's economic stability and attractiveness to investors. Concerns about potential economic recession have led to downgraded growth forecasts and eased monetary policies...

President Trump asserted that prices for goods, including gasoline and groceries, are decreasing as the U.S. imposes record tariffs, while also signing executive orders addressing various issues such as social security fraud. He threatened Harvard with the loss of its tax-exempt status over alleged antisemitism and cut $2.3 billion in federal grants after the university resisted his demands. Meanwhile, a federal judge ruled against Trump's attempt to bar collaboration with a law firm involved in...