Trump's tariff can turn world trade in arm-wrestling match: S'pore
Singapore’s Finance Minister Vivian Balakrishnan said that US President Donald Trump's tariff war risks turning global trade into an "arm-wrestling match". "Instead of a rules-based global system that promotes trade, you now have a system where every trade agreement becomes a bilateral arm-wrestling match," he said. Notably, Trump has increased the tariff on India from the current 25% to 50%.