SINGAPORE: Singapore’s Ministry of Trade and Industry (MTI) said on Thursday (Jun 4) that it is assessing the potential impact of Washington’s proposed new tariffs on dozens of trading partners, while continuing to engage the Office of the United States Trade Representative (USTR) on the matter.
This comes after the USTR published the findings of its Section 301 investigation into 60 economies over their alleged failure to enforce bans on imports of goods produced with forced labour.
The USTR concluded that 54 of these economies, including Singapore, China and Britain, “failed to impose and effectively enforce a forced labour import prohibition”. It therefore proposed a 12.5 per cent tariff on certain goods.
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