Deep Dive How will Trump’s tariffs affect jobs, wages and prices in Singapore?
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Apr 8, 2025 
Chan Chun Sing, Singapore's Minister for Education and a key figure in the 4G leadership, shares insights on how Trump's tariffs might reshape jobs, wages, and prices in Singapore. He discusses the government's proactive strategies to navigate the tumultuous global political landscape. Chan emphasizes the importance of education in adapting to these economic shifts and expresses confidence in managing uncertainties beyond their control, providing a reassuring perspective on the challenges ahead.
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Global Impact of Tariffs
- Tariffs' impact goes beyond direct trade with the US, affecting global consumption and investment.
- This creates a net negative impact on jobs and wages due to decreased demand.
Staying Calm
- Stay calm in the face of global uncertainty to project stability.
- This attracts those seeking reliability and commands a premium.
Choosing Principles over Sides
- Don't take sides, choose principles of openness and global connection.
- Make friends with all countries, big and small, to broaden partnerships.