An increasingly unpredictable geopolitical landscape could push the Republic to seek new partnerships, says one analyst
THE export-driven Singapore economy is bracing for the likelihood of higher tariffs globally, as unofficial results show former United States president Donald Trump has clinched a second term.
As at 6.45 pm on Wednesday (Nov 6, Singapore time), Trump had already swept 277 electoral votes, more than the 270 required to be president in the 538-member electoral college; Democratic nominee and Vice-President Kamala Harris was at 224 seats.
For Singapore and Asia, the primary concern of a Trump presidency is how it will affect regional trade, given that he has said he will impose heavy tariffs on China, noted Edward Lee, Standard Chartered’s regional head of research for Asean and South Asia.