On the trade surplus, Dr Balakrishnan reiterated there was no basis to impose tariffs on Singapore. “Nevertheless, you know as well as I do that the American administration, for its own domestic political reasons, needs to raise tariff revenue,” he said.
“I’m trying to find a way to make the point that Singapore is not a target of the United States, not at all. But we also need to make sure we don’t become collateral damage in the overall scheme in which tariffs are going to be raised by the United States with all its trading partners.”
He added that he had a “good, candid and honest-to-goodness” discussion with Mr Rubio.
Beyond trade, Dr Balakrishnan said discussions during the meetings also centred on the evolving geopolitical landscape, with a focus on strategic competition between the US and China.
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