Serious Ah Wong Balls Shrinked from Trump's Victory!

[Pinkieslut]

Singapore leader frets over trade friction as world awaits Trump​

Bloomberg
Updated Sat, 9 November 2024 at 1:51 pm SGT·2-min read

PM Lawrence Wong admitted Singapore would be concerned in a world where there are more and more frictions to trade. (Photo: REUTERS/Athit Perawongmetha)
(Bloomberg) – Singapore Prime Minister Lawrence Wong expressed concern about increased trade friction as the world braces for Donald Trump’s return to the US presidency after threatening massive new tariffs on foreign goods.
Speaking on Friday during his first press conference since August, Wong addressed how the policies of President-elect Trump could affect Singapore. While he touted strong bilateral ties with Washington, Wong also said there was a need to reinforce trade links with other countries too.
“Trade is three times our GDP,” Wong said, speaking of Singapore’s import-reliant economy. “We are an open economy. We are a trading economy. We would be concerned in a world where there are more and more frictions to trade overall.”
Trump, who won a resounding mandate in this week’s election, has vowed to impose new tariffs, eyeing a duty of 20% on all foreign goods and 60% or higher on goods coming from China. If he acts on those promises, he faces relatively few constraints and doesn’t need to consult with Congress.
Any moves that could raise costs or slow growth abroad would be problematic for Singapore, with the government already struggling to contain rising living costs. Wong, who took office in May, wants to convince voters the ruling People’s Action Party has the matter in hand as he heads into a general election due to be held no later than November 2025.
Wong nevertheless touted good ties with Washington that includes an existing free trade agreement he described as a “gold standard” for such pacts. He also made mention of strong defence ties in a letter to Trump earlier this week. The two sides have for decades had an agreement that supports America’s use of Singapore’s military facilities.
When it comes to global trade issues, though, Wong said that if there are continued disputes, they should be handled through multilateral institutions like the World Trade Organization.
“If there are disputes around trade, we think, from Singapore’s point of view, a better way would be to revamp and strengthen the WTO,” he said. “Even with the current US administration under Mr. Biden, it’s not been easy to put this on the agenda, but we will keep on trying.”
More stories like this are available on bloomberg.com

 

[laksaboy]

All Davos globalists can go get fucked.

 

[nabeifuckpap]

Sinkies can save lots of money by firing 75% of a bloated PAP government full of retarded woke scholars

 

[myfoot123]

When Amorika play trade tension with China. Pinky said CCP must learn to adapt. Trump now became president, Pinky cannot adapt?

 

[laksaboy]

When Amorika play trade tension with China. Pinky said CCP must learn to adapt. Trump now became president, Pinky cannot adapt?

Pinky very greedy, want to be the noble and unbiased middleman and makan both sides.

Those days are over.

Great timing to shit, not flush the toilet and then let Lawrence use it.

 

[millim6868]

Too many MPs, n also GLC , etc, all sucking monies, sg is a small island when need all these, recent cases how come they can owned n sold gbc at 50mil to 80 mil where the monies come from, 70% sinkies are suckers,if they are business man ok but they are not the monies cone from sinkies

 

[birdie69]

Too many MPs, n also GLC , etc, all sucking monies, sg is a small island when need all these, recent cases how come they can owned n sold gbc at 50mil to 80 mil where the monies come from, 70% sinkies are suckers,if they are business man ok but they are not the monies cone from sinkies

Many mayors doing nothing with very high salary in such a tiny pathetic country

 

[Ah Max]

ze incumbent’s curse iz real tis election season.

 

[ftan42]

Please solve this trade friction as the world highest pay minister

 

[laksaboy]

ze incumbent’s curse iz real tis election season.

It was a poisoned chalice job that even the 柴头 Heng was astute enough to dodge.

 

[syed putra]

Both US and china be will be more insular. Probably EU too.
But ASEAN is a market of 350 mil. Minus Indonesia. That is potentially as big as the US.

 

[tobelightlight]

Malaysia is the best.

 

[shock888]

It was a poisoned chalice job that even the 柴头 Heng was astute enough to dodge.

Ah Heng is smart. Have to salute him.

 

[congo9]

Ah Heng is smart. Have to salute him.

NS men Geng down grade.
Ah Heng also geng perm downgrade.

 

[steffychun]

Trump should withdraw US military personnel from Sinkieland.

 

[Hypocrite-The]

Winnie Xi also balls shrink due to Trumps triumphant return...those that have been exploiting free trade with their mercantilism should be put in their place.

 

[birdie69]

Ah Heng is smart. Have to salute him.

LHL is smarter, he quit in May instead of scheduled November

 

[k1976]

Jitao , Financial Basooka standby….​

​

More Singapore Savings Bonds, T-Bills to be issued as government raises borrowing limit to S$1.515 trillion​

More than 60% of the S$450 billion increase will be primarily issued for CPF’s investment needs

Elysia Tan​

Published Tue, Nov 12, 2024 · 06:47 PM
Singapore Parliament

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• The issuance limit was last raised in 2021, from S$690 billion to S$1.065 trillion. PHOTO: BT FILE
• The issuance limit was last raised in 2021, from S$690 billion to S$1.065 trillion. PHOTO: BT FILE
• The issuance limit was last raised in 2021, from S$690 billion to S$1.065 trillion. PHOTO: BT FILE
• The issuance limit was last raised in 2021, from S$690 billion to S$1.065 trillion. PHOTO: BT FILE
• The issuance limit was last raised in 2021, from S$690 billion to S$1.065 trillion. PHOTO: BT FILE

SINGAPORE will issue up to another S$450 billion in government securities – including Singapore Savings Bonds (SSBs) and Treasury Bills (T-Bills) – with the government’s issuance limit now raised to S$1.515 trillion, from S$1.065 trillion previously.

 

[laksaboy]

Winnie Xi also balls shrink due to Trumps triumphant return...those that have been exploiting free trade with their mercantilism should be put in their place.

Tiagong they might kick China out of the WTO.

If Temasek is heavily invested in China, daft Sinkies will experience plenty of pain.

Please enjoy your BYD, Miniso, Xiaomi, Luckin, Mixue, YGF malatang etc. Eventually they will all go away.

 

[tobelightlight]

Winnie Xi also balls shrink due to Trumps triumphant return...those that have been exploiting free trade with their mercantilism should be put in their place.

another effect of copying others in doing things for economic growth. When crisis comes, you will fall easily as this way of doing things is not your original and you can't be creative enough to overcome the crisis.