US-China trade war continues to dampen Singapore’s exports, after the eight successive month of decline. Photo: AFP

Singapore exports contract for eighth month, as US-China ‘trade war heat’ saps city state’s growth

  • Non-oil exports were worse than expected in October, falling 12.3 per cent from a year earlier, after a sharp decline in sales to China, EU, US and Japan
  • The city state is disproportionately exposed to fluctuations in global trade, since its exports-to-GDP ratio is higher than almost every other nation
Topic |   China economy

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US-China trade war continues to dampen Singapore’s exports, after the eight successive month of decline. Photo: AFP
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China and the US still have some fundamental problems to resolve before they can reach a trade deal, observers say. Photo: AFP

US-China interim trade deal hamstrung by fundamental differences, experts say

  • Two sides ‘not on the same page’ on issues such as the removal of tariffs, researcher says
  • Beijing will not buy agricultural goods it may not need ‘and definitely will not agree to it being written into a deal’, academic says
Topic |   US-China trade war

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China and the US still have some fundamental problems to resolve before they can reach a trade deal, observers say. Photo: AFP
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