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Singapore's PM Warns of Trade War and Recession Risks

4/8/2025

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Summary

Story summary

Singapore's Prime Minister Lawrence Wong sounded the alarm on potential U.S. tariffs under President Trump, warning they could trigger a recession and disrupt global trade. He pointed to the dangers of abandoning WTO rules, the looming threat of a trade war, and a rise in protectionism. Wong urged Singapore to forge stronger alliances with like-minded nations to weather the economic storm ahead.

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Story summary

Singapore's Prime Minister Lawrence Wong sounded the alarm on potential U.S. tariffs under President Trump, warning they could trigger a recession and disrupt global trade. He pointed to the dangers of abandoning WTO rules, the looming threat of a trade war, and a rise in protectionism. Wong urged Singapore to forge stronger alliances with like-minded nations to weather the economic storm ahead.