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Singapore amongst Asian economies most exposed to US tariffs: report
Singapore’s ability to negotiate tariff reductions remains unspecified.
Singapore is amongst the Asian economies that are “more exposed” to trade and/or tariff risks from the U.S., Morgan Stanley reported.
Other Asian countries in this category include China, Taiwan, Korea, Malaysia, Thailand, and Hong Kong.
According to Morgan Stanley, not all Asian economies may successfully negotiate deals to lower tariffs. For Singapore, its ability to negotiate remains unspecified.
“Even if they do [negotiate], these deals will take time, keeping uncertainty elevated,” Morgan Stanley said.
Morgan Stanley classified Asian economies’ exposure to US tariffs into three groups: “more exposed,” “moderately exposed,” and “likely exposed.”
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