Though not formal allies, Singapore and the US enjoy strong business and security links that includes access to the city-state’s naval and air base facilities. Two-way trade of goods and services between the US and Singapore reached over US$131 billion ($178.12 billion) in 2023, according to the American Chamber of Commerce.
Singapore’s top diplomat said he doesn’t expect the wealthy island nation to be in the firing line for US tariffs even as President Donald Trump shows he’s willing to target other friendly nations including Mexico and Canada.
“Tariffs and emerging tariffs are a reality,” Foreign Minister Vivian Balakrishnan told parliament in Tuesday in response to a question on Singapore’s relationship with the US. “I will take some risk and say that I do not anticipate us being on the hit list for direct tariffs” because the US “has a surplus as far as the trade balance with us is concerned.”
