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Friends A new trade dispute is developing between the United States and Singapore.
U.S. data reported a $3.6B goods trade surplus with Singapore in 2025, but Singapore says the numbers may not tell the full story. Officials argue that when services and intellectual property are included, the balance could actually favor the U.S.
Why does this matter?
Because the U.S. introduced a 15% global tariff under Section 122, and those trade statistics are part of the reason behind it.
Singapore is now seeking clarity while monitoring how this could affect key exports like electronics, semiconductors, and pharmaceuticals.
For markets, this situation could influence manufacturing outlooks, currency movements, and tech supply chains in 2026.
Sometimes the biggest market signals come from policy decisions, not charts.
What do you think this will impact most in 2026? ๐๐ฌ
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