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105003761 : What's happening 2 april
102968156 OP : Trump will impose reciprocal tariff on 2 April.
Joz : Are you worried about Trump's 2 April tariff announcement? I doubt it is going to affect STE. Trump is expected to focus tariffs on 15 countries which have the largest trade surpluses with the USA.
"Two senior Trump officials – Treasury Secretary Scott Bessent and top White House Economic Adviser Kevin Hassett – said last week that the administration is expected to focus the much anticipated April 2 reciprocal tariff announcement on a narrower set of countries with the biggest trade surpluses and high tariff and non-tariff barriers."
"USTR named Argentina, Australia, Brazil, Canada, China, the European Union, India, Indonesia, Japan, Korea, Malaysia, Mexico, Russia, Saudi Arabia, South Africa, Switzerland, Taiwan, Thailand, Turkey, Britain and Vietnam as being of particular interest, adding that they cover 88 per cent of total goods trade with the US."
Singapore is not in that list. STE is also not doing business in the industries that Trump is focusing tariffs on. https://www.straitstimes.com/world/united-states/trump-to-impose-25-tariff-on-countries-that-buy-oil-gas-from-venezuela