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Singapore says U.S. non-committal on if baseline tariff will stay at 10%

ReutersJul 29, 2025 8:57 AM

- The U.S. was non-committal on whether its baseline tariff would stay at 10% in talks last week, trade minister Gan Kim Yong said at a conference on Tuesday.

Gan visited the U.S. last week to discuss tariff concessions for the country's pharmaceutical exports, as part of efforts to limit the economic impact of the trade war. Singapore's exports to the U.S. have been subject to the baseline tariff since it was introduced in April.

Gan said he thought the U.S. was focusing on its 'reciprocal' tariff talks first, and would then look at the sector-specific tariffs it has said it was looking at implementing.

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