{"id":45071,"date":"2026-04-17T05:02:38","date_gmt":"2026-04-16T21:02:38","guid":{"rendered":"https:\/\/sgbuzz.com\/?p=45071"},"modified":"2026-04-17T05:02:38","modified_gmt":"2026-04-16T21:02:38","slug":"sbf-unilateral-tariffs-import-curbs-could-backfire-and-disrupt-supply-chains-for-us-firms","status":"publish","type":"post","link":"https:\/\/sgbuzz.com\/?p=45071","title":{"rendered":"SBF: Unilateral tariffs, import curbs could backfire and disrupt supply chains for US firms"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">SINGAPORE &#8211; <!-- -->The Singapore Business Federation (SBF) urged Washington to steer clear of trade measures that could disrupt deeply intertwined supply chains that benefit the two nations, in a statement shared on April 16. <\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">It warned that unilateral tariffs and other import restrictions could backfire, raising costs and disrupting supply chains for US companies using Singapore as a regional base and logistic node.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">The statement was issued in its formal feedback to the US Trade Representative (USTR) regarding two investigations \u2013 one on industrial overcapacity and the other on imports made with forced labour.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">SBF said Singapore\u2019s acts, policies and practices are neither \u201cunreasonable\u201d nor \u201cdiscriminatory\u201d, and do not \u201cburden or restrict\u201d US commerce.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">Its chief executive officer Kok Ping Soon<!-- --> <!-- -->said Singapore\u2019s investments support over 250,000 American jobs.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">\u201cWe urge the US administration to recognise our shared commitment to fair, market-oriented trade, and to avoid measures that would disrupt the deeply intertwined supply chains that benefit both our nations,\u201d Mr Kok said.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">The federation \u2013 which represents over 34,000 companies and advocates for Singapore businesses in areas of trade, investments and industrial relations \u2013 stressed that the United States enjoys a trade surplus and extensive investments links with the Republic under the more than two-decade-old US-Singapore Free Trade Agreement.  <\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">Prepared in consultation with 10 Singapore-based trade associations and chambers, SBF position papers highlighted that<!-- --> the US runs a \u201csubstantial and growing\u201d overall trade surplus with Singapore that widened to about US$33.3 billion in 2025, from about US$27 billion (S$34.3 billion) in 2024. <\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">This contradicts claims that <a href=\"https:\/\/www.straitstimes.com\/singapore\/politics\/us-removes-inaccurate-statement-on-spore-trade-surplus-govt-to-attend-hearings-on-probes?ref=inline-article\" rel=\"noopener\" class=\"gap-x-04 items-center inline text-primary-60 select-auto\" aria-label=\"link\" target=\"_blank\" data-testid=\"custom-link\"><span class=\"font-body-baseline-regular inline\" data-testid=\"paragraph-test-id\">Singapore\u2019s practices disadvantaged US commerce.<\/span><\/a><\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">The 10 associates and chambers included the Japanese Chamber of Commerce and Industry Singapore, Singapore Manufacturing Federation, Singaporean-German Chamber of Industry and Commerce, Singapore Indian Chamber of Commerce and Industry, and Singapore International Chamber of Commerce.  <\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">SBF also pointed out that about 6,600 US companies operate in Singapore, with extensive two-way investment and integration across supply chains.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">On the investigation into structural excess capacity, SBF said Singapore\u2019s manufacturing sector was \u201cdemand-led and commercially driven\u201d, shaped by market discipline and high operating costs that discourage below-cost pricing and state-directed overproduction.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">SBF stressed that much of Singapore\u2019s trade reflects its role as a global hub, and entrepot and re-export activities should be distinguished from domestic overproduction.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">Addressing the<a href=\"https:\/\/www.straitstimes.com\/singapore\/singapore-named-in-second-us-unfair-trade-practices-probe-mti-to-engage-us-trade-reps-office?ref=inline-article\" rel=\"nofollow noopener\" class=\"gap-x-04 items-center inline text-primary-60 select-auto\" aria-label=\"link\" target=\"_blank\" data-testid=\"custom-link\"><span class=\"font-body-baseline-regular inline\" data-testid=\"paragraph-test-id\"> investigations of forced labour,<\/span><\/a> SBF emphasised the Republic\u2019s \u201cstrong and actively enforced\u201d framework prohibiting forced labour under both constitutional and criminal law. These are complemented by robust enforcement tools and penalties, including under anti-trafficking legislation, it added.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">SBF pointed out that the US Department of State\u2019s 2025 Trafficking in Persons Report ranks Singapore as a tier 1 country, the highest ranking for combating trafficking and forced labour. <\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">Singapore-based exporters already comply with US import requirements including Section 307 of the US Tariff Act, and there has been no evidence of goods produced with forced labour entering the US from Singapore.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">SBF called for \u201cclear, harmonised international verification standards\u201d on forced labour, as a trade ban\u00a0risks trade diversion without resolving root causes.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">The federation urged the US to address any concerns related to excess capacity or labour through established cooperative mechanisms, including the US-Singapore FTA Joint Committee and rules-based multilateral frameworks.\u00a0<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">Singapore\u2019s Ministry of Trade and Industry<!-- --> <!-- -->(MTI) also filed two written submissions to the Office of the United States Trade Representative on April 15, rejecting accusations that it tolerates forced labour in its supply chains and maintains excess industrial capacity in violation of fair trade norms.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">MTI pointed out that in two of the three specific sectors flagged in the USTR\u2019s initiation notice \u2013 semiconductors and electrical equipment, and petrochemicals \u2013 the US ran trade surpluses with Singapore in 2024 of US$1.8 billion and US$463 million, respectively. Both of these figures increased in 2025.<\/p>\n<p class=\"font-body-baseline-regular text-primary\" data-testid=\"article-paragraph-annotation-test-id\">The only sector where the US ran a deficit with Singapore was pharmaceuticals, where the gap narrowed from US$17.7 billion in 2024 to US$12.9 billion in 2025.\u00a0<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.straitstimes.com\/business\/sbf-unilateral-tariffs-import-curbs-could-backfire-and-disrupt-supply-chains-for-us-firms\" target=\"_blank\" rel=\"noopener\">Read Full Article At Source <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE &#8211; The Singapore Business Federation (SBF) urged Washington to steer clear of trade measures that could disrupt deeply intertwined supply chains that benefit the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":45072,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[2611],"tags":[],"class_list":["post-45071","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buzz-headlines","wpcat-2611-id"],"_links":{"self":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/45071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45071"}],"version-history":[{"count":0,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/45071\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/media\/45072"}],"wp:attachment":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}