MTI to engage US on new 12.5% tariffs: 'Singapore does not condone the use of forced labour'
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The Ministry of Trade and Industry (MTI) said on Friday (July 24) that it will continue engaging its US counterparts over the new 12.5 per cent tariffs imposed on imported goods «produced with forced labour».Singapore is among the 60 territories hMTI to engage US on new 12.5% tariffs: 'Singapore does not condone the use of forced labour'
The Ministry of Trade and Industry (MTI) said on Friday (July 24) that it will continue engaging its US counterparts over the new 12.5 per cent tariffs imposed on imported goods «produced with forced labour».Singapore is among the 60 territories hit with the new levies as US President Donald Trump's temporary 10 per cent worldwide tariffs expired on Friday midnight US Eastern time (12pm, Singapore time).An MTI spokesperson said on Friday that about one-third of the Republic's domestic exports to the US will be subjected to 12.5 per cent tariff.«Singapore does not condone the use of forced labour and has a comprehensive enforcement framework and good track record against such illegal practices within our borders,» the spokesperson said.MTI will engage the Office of the United States Trade Representative (USTR) to explore options: «Further details on how the tariff will be implemented will also be shared when ready.» Read more














