“It is really no consolation,” he said, adding that front-loading will lead to a slow down in exports and production down the line. Data on Friday showed Singapore’s key exports rose 12.4% year-on-year in April, the fastest pace in nine months.
Companies in Singapore are expediting exports to take advantage of a 90-day pause in hefty tariffs proposed by the Trump administration, a top official in the city-state said.
While the outlook may be concerning, “some of the companies are actually taking advantage of this window,” Deputy Prime Minister Gan Kim Yong said Friday at a news briefing, without offering specifics.
