Gov’t launches taskforce to aid businesses amid US tariff shifts

The task force will operate in three key workstreams.

The government launched the Singapore Economic Resilience Taskforce (SERT) to help businesses and workers navigate disruptions from US tariffs and global market shifts.

Deputy Prime Minister (DPM) Gan Kim Yong chaired the first meeting of the task force on 16 April.

The task force includes Ministers Desmond Lee (National Development and Social Services Integration), Josephine Teo (Digital Development and Information, Home Affairs), Tan See Leng (Manpower, Trade and Industry), and Chee Hong Tat (Transport, Finance). 

It also includes Singapore Business Federation chairman Lim Ming Yan, NTUC secretary-general Ng Chee Meng, and SNEF president Tan Hee Teck.

The Taskforce will leverage the resources of the tripartite partners to deliver on three key workstreams which are Sensemaking and Communication, “Addressing Immediate Challenges, and Longer-Term Strategies and Responses”.

These workstreams aim to improve communication on support schemes, address business and workforce challenges, and develop strategies to seize new opportunities for businesses in the new economic landscape.

As we prepare for a more unstable and fragmented era ahead, we must continue to work together and stay united, so that we can overcome the challenges that lie ahead, and find new opportunities to thrive in the new economic landscape.” DPM Gan said.