- Trump Tariffs are bad, but not that bad – Singapore has not been spared from Liberation Day tariffs, but it is in a less bad position than the region. This may further reinforce its safe haven status.
- We see opportunities from themes such as supply chain relocations, China stimulus and domestic spending.
- - Read this at SGinvestors.io -
- Higher rate cut risks could be a tailwind for REITs, especially those with domestic exposure.
- Reciprocally, banks may see some stress from tighter margins, but high capital returns visibility could provide some offset.
Singapore has not been spared, but less impacted
- Despite an FTA, low tariffs on US goods and a trade deficit, Singapore has not been spared on Trump’s Liberation Day. However, the 10% tariff is significantly less bad than the region.
- - Read this at SGinvestors.io -
- Plus, there are opportunities to accelerate infrastructure spending for more relief. Singapore may likely remain a destination for safe haven flows, and projects such as the JS-SEZ could become strategic advantages in garnering share in supply chain relocations.
Banks, Manufacturing, Gaming to see bumps
- Read more at SGinvestors.io.
