Singapore fears US-China trade tensions

Singapore Prime Minister Lee Hsien Loong said that trade tensions between China and the United States are likely to lead to more serious disagreements, affecting the stability and security of the world.

Mr. Li said in a speech on Labor Day 1/5. He said Singapore's economy was dependent on the external environment and that the growing disagreement had shed some light on this prospect.
According to the Singaporean Prime Minister, the administration of US President Donald Trump sees trade as a top issue, especially in the context of Washington's unilateral trade restrictions and imposition of $ 150 billion in taxes. with imported products from China without the World Trade Organization (WTO). Mr Lee said Singapore would suffer more damage and the taxes imposed by the Trump regime would undermine the legally and legally binding WTO system. He said that the WTO system imposes principles for all large and small countries, ensuring world trade is free, fair and orderly and if these principles are not followed. All countries, especially small ones like Singapore, will suffer. He said that if this trend continues in the long run, it will be very detrimental to the world in general and Singapore in particular.