International Relations NewsFeed

April 3, 2025

Philippines Seeks Tariff Talks with US Under Trump

The Philippines is seeking talks with the US over tariffs imposed by President Donald Trump, citing "less substantial" impact. Trade Secretary Cristina Roque views the tariffs as providing strategic opportunities for improvement in the economic relationship between the two countries.

https://news.bloomberglaw.com/mergers-and-acquisitions/philippines-sees-opportunity-in-trumps-tariffs-seeks-talks-2

April 3, 2025

Rubio, New Envoy Reassure NATO Allies of Commitment

US Secretary of State Marco Rubio and the new US envoy to NATO reassured allies about the US' commitment to the defense alliance, amid concerns sparked by President Donald Trump's intentions on NATO's relevance.

https://www.manilatimes.net/2025/04/04/world/americas-emea/rubio-seeks-to-reassure-nato-of-us-commitment/2085989

April 3, 2025

Singapore Hit by 10% US Tariff Surprise

Singapore's trade minister, Gan Kim Yong, expressed disappointment after being slapped with a 10% US tariff on imports from Singapore, despite having a free-trade agreement in place since 2004. The move is seen as retaliatory and may add cost to imports, prompting the government to review its economic forecasts. Gan plans to engage with the US to understand President Donald Trump's concerns and explore ways to resolve them, which could impact Pakistani products' competitiveness.

https://www.brecorder.com/news/40355790/singapore-disappointed-with-10-tariffs-will-seek-negotiation-with-the-us

April 3, 2025

Singapore PMI Falls Amid Global Trade Tensions

Singapore's PMI slipped to 50.6 in March amid global trade tensions and US tariff risks, with nearly half of firms saying they will pass on costs to consumers due to the new US tariffs. The move is expected to hurt businesses in Singapore, particularly those reliant on international trade.

https://www.businesstimes.com.sg/singapore/singapore-shopee-sellers-can-tap-youtubers-marketing-new-affiliate-scheme

April 3, 2025

Singapore's Gan Warns of Tariff Fallout Impact

Singaporean Minister Gan is urging caution on the impact of tariffs imposed by the US, stating that higher tariffs on its neighbors will eventually affect Singapore as well, leading to a global economic slowdown. He warned that such tariffs would add costs to products and ultimately result in a lose-lose outcome for all parties involved.

https://channelnewsasia.com/singapore/trade-minister-gan-kim-yong-says-singapore-disappointed-us-donald-trump-reciprocal-tariffs-5042211

April 3, 2025

Singapore Slams US Tariffs in Trade Dispute Escalation

Singapore is disappointed after the US imposed tariffs on its goods, contradicting the country's long-standing economic relationship with the US and their free trade agreement.

https://www.asiaone.com/singapore/singapore-disappointed-tariffs-will-engage-us-clarify-calculations-dpm-gan

April 3, 2025

Singapore Warns of Tariff Impact on Economy

Singapore's Deputy Prime Minister (DPM) Gan has warned that the 10% tariff imposed by the US on certain goods could have a "significant impact" on the country's economy, potentially leading to a downgrade of its full-year growth forecast. The government is monitoring the situation and may introduce additional measures if necessary. DPM Gan emphasized the need for careful assessment before making any conclusions, as the implementation date for the tariff has been pushed back to April 5. Singapore will engage with US officials to better understand their concerns and work together constructively. The country's economic impact is also being closely watched, with some countries already announcing retaliatory tariffs, which could escalate into a global trade war.

https://www.businesstimes.com.sg/singapore/singapore-engage-us-tariffs-not-seek-recourse-under-fta-may-downgrade-growth-forecast-dpm-gan

April 3, 2025

Thailand's Commerce Minister Sees Trade Hope with US

Thailand's Commerce Minister Pichai Naripthaphan expressed optimism about upcoming trade negotiations with the US, citing good relations between Thailand and the US as well as Malaysia, which has avoided retaliatory tariffs. In contrast, Cambodia is facing significant tariffs of 49% that threaten its garment and footwear industries, potentially deterring investment from other countries in the region. A Cambodian investment consultant warned that the situation is "very, very serious" for the economy, with limited negotiating leverage against the US.

https://www.brecorder.com/news/40355783/southeast-asia-nations-hit-particularly-hard-by-us-tariffs-prep-for-talks-with-trump

April 3, 2025

Thailand Seeks 3% Growth with US Trade Boost

Thailand aims for 3% economic growth this year, with Commerce Minister Pichai Naripthaphan expressing optimism due to good relations with the US. Malaysia, facing a 24% tariff rate, has decided not to impose retaliatory tariffs and will engage with US authorities to find solutions. In contrast, Cambodia is struggling under a 49% tariff rate, which threatens its garment and footwear industries, and is considered a "very serious situation" for the economy by a local investment consultant.

https://www.malaymail.com/news/money/2025/04/03/asean-nations-hit-particularly-hard-by-us-tariffs-prep-for-talks-with-trump/171763