The Trump administration on Wednesday imposed a foundation tax rate of 10 per share on Singapore and other countries.  ,
Lots of different US buying lovers face varying higher prices. China was a key destination, with stinging fresh US levies of 34 per share on top of existing charges, bringing the total to 54 per cent.
Beijing retaliated on Friday, announcing more levies of 34 per cent on all US products from Apr 10.
Mr Wong said in a YouTube video on Friday that Singapore must prepare itself for more shocks to occur, as the world calm and stability that previously existed” did not return whenever soon”.
” We cannot believe that the laws which protected little states will also hold”, said Mr Wong.
” I am sharing this with you so that we can all be emotionally ready. But that we will not get caught off guard. Let us not be lulled into confidence. The threats are true. The margins are high”.
On Saturday, Mr Singh said shift and uncertainty are an ever-present truth for nations heavily reliant on business, and this is accentuated by technological transformation and technology.  ,
” As we face a new chapter in the history of Singapore, the Workers ‘ Party will move up and do best by Singapore- together with all Singaporeans”, he added.