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Posted By Topic: Tariffs likely to hurt firms in SG nearly half say they will       - Views: 108
LONGSTER
Yesterday 3:00 PM (22 hours ago)               #1
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LONGSTER
Yesterday 3:01 PM (22 hours ago)            #2
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New US tariffs likely to hurt firms in Singapore; nearly half say they will pass on costs, survey finds
Others intend to diversify their supply chains or seize opportunities to gain market share from competitors who are slower to adapt

US President Donald Trump has referred to the upcoming imposition of new tariffs as America's "Liberation Day". PHOTO: EPA-EFE
US President Donald Trump has referred to the upcoming imposition of new tariffs as America's "Liberation Day". PHOTO: EPA-EFE
US President Donald Trump has referred to the upcoming imposition of new tariffs as America's "Liberation Day". PHOTO: EPA-EFE
[SINGAPORE] Nearly half of companies in Singapore (45 per cent) plan to pass on the increased costs from the new US tariffs to their customers, a flash survey by the American Chamber of Commerce (AmCham) in Singapore has found.

Other firms intend to respond by diversifying their supply chains to reduce their reliance on high-tariff markets, or seizing opportunities to gain market share from competitors who are slower to adapt, AmCham Singapore said on Wednesday (Apr 2).

More than two-thirds of the 36 respondents polled flagged potential reciprocal tariffs on countries taxing US imports as the most significant concern for their business – over existing trade measures.




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LONGSTER
Yesterday 3:02 PM (22 hours ago)            #3
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Nearly seven in 10 (69 per cent) said they expect the new tariffs to have a significant or moderate negative impact on their operations.
 

This message was edited by LONGSTER on 03-Apr-2025 at 3:02 PM




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LONGSTER
Yesterday 3:02 PM (22 hours ago)            #4
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The survey findings came ahead of an anticipated announcement by the White House on Wednesday afternoon in Washington, detailing sweeping reciprocal tariffs on America’s trading partners.

While no specifics have been disclosed, US President Donald Trump has referred to the move as “Liberation Day”.

 

Markets in the Asia-Pacific , with Singapore’s benchmark Straits Times Index down 0.4 per cent or 14.64 points at 3,954.21.

Around 20 per cent of respondents said they believe that the measures would have no effect on their businesses.

Frank Debets, Asia-Pacific customs and trade leader at PwC Singapore, disagreed. He said it would be “surprising” if companies reporting no impact are fully insulated from the knock-on effects.




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LONGSTER
Yesterday 3:03 PM (22 hours ago)            #5
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For instance, he said, their suppliers and customers may be affected, hurting their ability to buy or sell products or services, or they may be caught by retaliatory measures elsewhere.

“It would be wise for anyone who believes the tariffs do not impact them to perform the necessary due diligence to ensure that their belief is well-founded,” he added.

The flash poll was jointly conducted by AmCham Singapore, BowerGroupAsia Singapore, and PwC Singapore. The responses were gathered between Mar 3 and 10.




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LONGSTER
Yesterday 3:11 PM (22 hours ago)            #6
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LONGSTER
Yesterday 4:16 PM (21 hours ago)            #7
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seelangui
Yesterday 6:56 PM (18 hours ago)            #8
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Told u Hyper inflation would come
now become true already 
U not ready must make 20% more money
​​​​​already 😋
 @justin11sg  Hyper inflation hits
Chicken rice 5.50 already 



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LONGSTER
Yesterday 11:57 PM (13 hours ago)            #10
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quote originally posted by seelangui:
Told u Hyper inflation would come
now become true already 
U not ready must make 20% more money
​​​​​already 😋
 @justin11sg  Hyper inflation hits
Chicken rice 5.50 already




 




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seelangui
Today 4:53 AM (8 hours ago)            #11
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quote originally posted by LONGSTER:

For instance, he said, their suppliers and customers may be affected, hurting their ability to buy or sell products or services, or they may be caught by retaliatory measures elsewhere.

“It would be wise for anyone who believes the tariffs do not impact them to perform the necessary due diligence to ensure that their belief is well-founded,” he added.

The flash poll was jointly conducted by AmCham Singapore, BowerGroupAsia Singapore, and PwC Singapore. The responses were gathered between Mar 3 and 10.


https://youtube.com/shorts/HzQm4ZfqgjE?si=gBC5reYROmcwpJ-t

Ah long can post this mp say affected sg😂
Hyper inflation had arrived 

 



see what you want to see believe all you see
My current Mission is keep wining until S_P 斗/close shop
use main & sub method unit 1 unit= $20:
Use main bet as base the rest side bet to add on to max win or more Name it Eye jackpot system 南神眼



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LONGSTER
Today 10:52 AM (2 hours ago)            #12
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quote originally posted by seelangui:
https://youtube.com/shorts/HzQm4ZfqgjE?si=gBC5reYROmcwpJ-t

Ah long can post this mp say affected sg😂
Hyper inflation had arrived 




YouTube shorts how to post 

u must ask Justin or fahren 




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LONGSTER
Today 10:52 AM (2 hours ago)            #13
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Trump already very give us face Liao lah 




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LONGSTER
Today 10:56 AM (2 hours ago)            #14
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LONGSTER
Today 10:56 AM (2 hours ago)            #15
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