Gan, who is also the country's trade minister, said Lutnick also raised the issue of export controls on high-end chips for artificial intelligence, although he is satisfied with Singapore's system for managing them, the paper reported. The issue has drawn renewed scrutiny after authorities arrested multiple people in connection with server fraud.
Singapore is seeking concessions on pharmaceutical exports to the US, acknowledging that a 10% baseline tariff will not be eased.
Following a call with US Secretary of Commerce Howard Lutnick on Friday, Singapore deputy prime minister Gan Kim Yong told local media that the Asian trading hub is negotiating with the US over pharmaceutical exports as new levies loom over the drugs. Gan said the products make up over 10% of the city-state's exports to the US, the Straits Times reported Sunday.
