Deputy Prime Minister Gan Kim Yong was speaking in his first public engagement after returning from a trip to the US to meet with the Trump administration and business leaders.

The US government did not negotiate its tariffs on Singapore and did not want to commit on whether the 10 per cent baseline tax could rise or fall in the future, said Deputy Prime Minister Gan Kim Yong.

The I.M.F. expects the U.S. economy to grow 1.9 percent this year, down from 2.8 percent in 2024. Output in the euro area is projected to accelerate to 1 percent from 0.9 percent last year. Europe’s outlook was revised higher because U.S. importers rushed to buy Irish pharmaceutical exports ahead of tariff increases.

Samsung boss Jay Y. Lee is heading off to the US to join South Korea in trade talks with the Trump administration.

US and Chinese officials convene for a second day of discussions in Stockholm, aiming to resolve economic disputes and deescalate the ongoing trade war.

The FTSE 100 concluded the day with a 0.6% increase, driven by healthcare gains and AstraZeneca's strong profit report. Despite efforts hindered in other sectors like chemicals, investor attention is focused on upcoming Federal Reserve decisions and ongoing global trade discussions involving the US,

EDINBURGH, Scotland (AP) — The United States and the European Union agreed on Sunday to a trade framework setting a 15% tariff on most goods, staving off — at least for now — far higher import duties on both sides that might have sent shock waves through economies around the globe.

Reuters NEXT Asia convened 350 global leaders to address the greatest challenges and opportunities facing the world.

After failing to secure 90 deals in 90 days, Trump is escalating his global tariff war – and pulling smaller countries, with whom the U.S. does little business, into the fray. Philip Bump, Nayyera Haq,

The U.S. and China had agreed to pause most of the sky-high tariffs on each others’ goods amid trade negotiations – but that pause is set to expire in August.