 "Trade, tariff, FTA")
The past two weeks have seen the President of the United States unleash an attack on trade with all countries. Even penguins have not been spared. A country like Singapore, which has carefully balanced its trade with the US and runs a deficit with it (unlike almost everyone else), was covered under the blanket 10 per cent tariff. It did not matter if one had a free-trade agreement (FTA) with the US, signed by Mr Trump himself — Canada, Mexico, and South Korea all were covered. The higher rates have subsequently been rolled back to 10 per cent for all
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