The impact of the US tariffs has been overstated, according to Progress Singapore Party (PSP) chairman Dr Tan Cheng Bock, who disagreed with recent assessments made by several ministers.  US President Donald Trump unveiled sweeping new tariffs on trading partners on April 2, including a 10 per cent baseline tariff on almost every country — including Singapore.  Several ministers, including Prime Minister Lawrence Wong, have since weighed in on the issue.  In a video posted on Friday (April 4), PM Wong warned Singaporeans that the «likelihood of a full-blown global trade war is growing» as a result of the tariffs, adding that «the road ahead will be harder».  Read more