[BREAKING] Trump announces 100% tariff on branded or patented pharmaceutical imports from Oct 1

[stanlawj]

But he added that any companies building manufacturing plants in the U.S. will be exempt from the tariffs, specifying that the companies needed to have at least broken ground or started constructing U.S. facilities.

Wait for the details to come out. Trump is just giving a short message that doesn't capture the nuances.
He's not that foolish to let US companies easily skip the 100% tariff on importing to US.

 

[Braun8]

Over the decades, SG got very rich because of US globalization, now Trump wants to take all it all back to US and end globalization

 

[lifeisinforashock]

But he added that any companies building manufacturing plants in the U.S. will be exempt from the tariffs, specifying that the companies needed to have at least broken ground or started constructing U.S. facilities.

Scrape 1cm of soil considered breakin ground ?

 

[stanlawj]

Over the decades, SG got very rich because of US globalization, now Trump wants to take all it all back to US and end globalization

If PAP had the iron in them to end their reliance on MNC outsourcing, it wouldn't have been a problem.

 

[chongquan82]

Eh...

100% ish small charge

Still more expensive to made in USA

 

[lifeisinforashock]

If PAP had the iron in them to end their reliance on MNC outsourcing, it wouldn't have been a problem.

In the end, PAP relied on low corporate tax to attract MNCs. Then the 15% flat tax came and PAP tot of providin other rebates. Now is totally nt coming.

 

[0nePunchm@n]

If PAP had the iron in them to end their reliance on MNC outsourcing, it wouldn't have been a problem.

talk is easy

 

[jericho75]

Oh no, all the pharma plants in Spore need to close and resettle back in US

Where's the Task Force Man?

He is in punggol attending to the 65%

 

[Ubi-Warrior]

Don't worry. US insurance companies will absorb it all.

The US Tax payer and person paying the insurance.

Business genius

 

[stanlawj]

talk is easy

Season of goods times (boom) is also supposed to be used to prepare for bad times in the future.

When Singapore was on top of the world, being praised for economic miracle, nobody wanted to stop the gravy train.

 

[kuti-kuti]

He should not disturb medical companies. People's health depends on medicines

 

[jericho75]

Guys, this is our dream. It is the end the Singapore's model of economy on MNC outsourcing.
Kill the cancerous goose in the Singapore economy.
For the first time, now the Singapore govt needs to rethink their policies on manpower and education. If not for Trump, the current leaders will just sit on their asses and continue with their reliance on MNC outsourcing to Singapore.

they always go out give subsidies to mnc then offer land at tuas south for pharma open factories.

 

[lifeisinforashock]

Guys, this is our dream. It is the end the Singapore's model of economy on MNC outsourcing.
Kill the cancerous goose in the Singapore economy.
For the first time, now the Singapore govt needs to rethink their policies on manpower and education. If not for Trump, the current leaders will just sit on their asses and continue with their reliance on MNC outsourcing to Singapore.

Too late liao.

 

[weiess]

TF Man to the rescue ..

 

[Akky85]

Big Pharma kenna screwed by Trump.

At this point the best way is to start going towards China and allowing them to learn these knowledge, then Trump will be the one panicking.

 

[lifezard]

Guys, this is our dream. It is the end the Singapore's model of economy on MNC outsourcing.
Kill the cancerous goose in the Singapore economy.
For the first time, now the Singapore govt needs to rethink their policies on manpower and education. If not for Trump, the current leaders will just sit on their asses and continue with their reliance on MNC outsourcing to Singapore.

And what s your alternative plan providing employment after kicking the mncs out?

 

[stanlawj]

And what s your alternative plan providing employment after kicking the mncs out?

Revamp the education system to create our own startups that will become the future MNCs.
The current education system is wasting years of time to train students to work for others. Zero integration with starting own companies. This includes the two NS years.

 

[jericho75]

Too late liao.

sinkapore always wants high end manufacturing but we dun create our own mnc. those countries like usa also want those companies to manufacturing in their countries.

 

[nakata97]

Wah, the 100% tariff on pharmaceuticals will really hurt SG and could cause a recession

Pharmaceutical companies will move production to US for the US market

4 more years only. The next US president will denounce all Trump’s nonsense policies

 

[jericho75]

And what s your alternative plan providing employment after kicking the mncs out?

@ramlee

vote for pap and we are safe.