SINGAPORE: The United States has  , congratulated Singapore Prime Minister Lawrence Wong and the ruling People’s Action Party ( PAP ) on their landslide victory in the General Election on Saturday ( May 3 ).
In a speech,  , US Secretary of State Marco Rubio , said the Trump presidency looked forward to working closely with the newly elected government.
” For almost 60 times, the United States and Singapore have shared a strong and enduring corporate relationship and a devotion to a stable, free, and rich Indo-Pacific place”, he added.  ,
” We look forward to continuing to work closely with the recently elected government and Prime Minister Wong to improve economic rise and our diplomatic defense and security relations, which benefit Americans, Singaporeans, and others across the territory”.
In its first General Election under Mr Wong, the judgement PAP won , 87 out of 97 chairs, increased its voting discuss from 61.2 per share to 65.57 per share,  , won fiercely contested wards , and extended its margin of victory in most districts.
Deputy Prime Minister Gan Kim Yong , chairs the Singapore Economic Resilience Taskforce, which is looking into the effects of US taxes on the land.
US President Donald Trump on Apr 2 announced sweeping taxes on all goods, with a , benchmark rate of 10 per cent on places that include Singapore. Lots of various exchanging partners, including China, were slapped with higher taxes.
While there is presently a , 90-day pause , on most of the big “reciprocal tariffs”, the foundation 10 per share responsibility still stands.
Mr Gan, who is also Minister for Trade and Industry, said on Apr 27 that he had spoken to , US Commerce Secretary Howard Lutnick and both sides had discussed agreements on the world taxes imposed by the Trump presidency.
While Mr Lutnick explained during their visit on Apr 25 that the 10 per cent foundation price is an umbrella single which is” never likely to be subject to negotiation”, Mr Gan said the US wants to explore” creative options” for some critical imports from Singapore, including opioids.
Pharmaceutical export, which contribute over 10 per cent of the country’s export to the US, is something that is “very important” to Singapore, Mr Gan added.
Artificial intelligence bits was another place he discussed with Mr Lutnick.
” It’s an neighborhood that we are really worried about, and we want to make sure that our businesses will continue to have access to this vital systems. It’s essential for us in areas such as data facilities”, Mr Gan said then.
While the US is concerned about the export controls on such chips, not just in Singapore, Mr Gan likewise told Mr Lutnick about Singapore’s trade control system and how both nations have been working together on this front.
” We also do not accept businesses taking advantage of their existence in Singapore to destroy export controls by another nations”, the deputy prime minister next said.