President Trump has threatened to impose a 50% tariff on imports from China unless they remove retaliatory tariffs by Tuesday, following Beijing’s 34% tariff on US imports. Global markets have been in turmoil since Trump initiated a trade war with tariffs on US trading partners last Wednesday, resulting in catastrophic falls worldwide. The escalating trade tensions between the US and China have raised concerns about the impact on the global economy.
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GE2025: 'Flight to safety' has worked for PAP before but worries over US tariffs may not have the same pull, say analysts
Political analysts in Singapore are questioning the effectiveness of the ruling People's Action Party's strategy of appealing to voters' instincts to "fly to safety" amidst new tariffs by the US. While this tactic has worked in the past, the electorate is now more diverse and has changed, considering multiple factors such as parties' branding, policy stances, and performance. The political landscape is polarized between those who support a strong government and those who believe in...
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