[Gan Kim Yong] 'I think our HOUSEHOLDS & businesses have to be prepared....'

jq1986

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but they also cannot go about forever and dun buy anything
10% applied worldwide
everywhere they buy from min is 10%
I think we are seeing this too narrowly. Consumers won't necessarily start choosing which countries' products they will or will not buy. When consumers stop buying, they stop across the board. Things like food, sure, cannot reduce. But food is probably only 20% of a household's expenditure. At least 50% is on other goods and services which purchase you can defer for years, like electronic appliances, furniture, holidays etc. So when consumers stop spending, it becomes a vicious cycle that affects companies and economies.
 

Medicated Oil

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LW is always about "being together"
dun wan to have 1 man show. so let 2IC take some heat lor
2IC also not doing much these days lol
That guy is some kung fu master.
You rarely see him making any public speech.
 

FireEmblem

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TS u know what is USA tarrif or not?

Means when people sell things to USA, their govt tax additional 10-xx% imposed on the seller. This tax is paid by the buyer.

The aim is to make import expensive so USA can do their own manufacturing to give their people jobs.

How it affect the seller is if the price goes up, the buyer buy less or dun buy so sellers here less business and either lay off extra workers or replace with cheaper workers or raise price selling to locals in last attempt before uplorry if still not profitable enough.

You buy things from USA still same price
 

ZhuMingQiang

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Means increase across the board?
Can't we just don't buy US goods???



Should be due to other countries will also implement their tariff hike sooner or later in this globalised tariff war for their own survival.

Looking like underlying WWIII in the making now.
 

miko66

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gan bo yong....

Aka No blame culture ..

There must be a reason why LW appointed him as his 2ic

I believe any policies gone wrong or any of his kahkias made blunders ...

.... all no blame culture !
 

AndroidComa

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TS u know what is USA tarrif or not?

Means when people sell things to USA, their govt tax additional 10-xx% imposed on the seller. This tax is paid by the buyer.

The aim is to make import expensive so USA can do their own manufacturing to give their people jobs.

How it affect the seller is if the price goes up, the buyer buy less or dun buy so sellers here less business and either lay off extra workers or replace with cheaper workers or raise price selling to locals in last attempt before uplorry if still not profitable enough.

You buy things from USA still same price
tariffs are first paid by the entity that stocks the goods for sale—this could be a small family-run shop or, higher up the chain, a distributor who later will pass these costs on to the consumer.


However, while shops must physically stock these goods, consumers always have the choice to refrain from buying immediately or to spend less. If a shop finds itself unable to make a profit over time and cannot return the unsold goods, the consequences can multiply: employees may be laid off, further reducing spending to a bare minimum.

this is zoomed in on USA only of course...
 

cheongmanz

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ezgif-4-edf3a83197f5.gif
 

LoUsyGamER

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Means increase across the board?
Can't we just don't buy US goods???


By right is only export to usa. They sound like import also kana 10%. :ROFLMAO:

More reason to buy direct from overseas manufacturers and bypass middle cost. Food wise, thought import from mainly from Malaysia and nearby countries?

Anyway, prepare for $10 cai png.
 

chongquan82

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Electrical engineer in charge of sinkieland trade

Think he busy drawing the SLD

What can go wrong

😂😂😂
 

lemefirefly

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Sg got what goods?
Singapore's top exports include integrated circuits, refined petroleum, machinery, vaccines, and gold, with major destinations including Hong Kong, China, the United States, and Malaysia.

Here's a more detailed breakdown:

  • Major Export Products:
    • Integrated Circuits: Singapore is a major supplier of electronic components, particularly integrated circuits.
    • Refined Petroleum: Singapore is a major oil refining and distribution center.
      • Machinery: Machinery and equipment account for a significant portion of Singapore's exports.
      • Vaccines, blood, antisera, toxins and cultures:
      • Gold:
    • Key Export Destinations:
        • Hong Kong:
        • China:
        • United States:
        • Malaysia:
    • Other notable exports:
        • Chemical products
        • Miscellaneous manufactured articles
        • Oil bunkers
    • Singapore's Role in Global Trade:
        • Singapore derives a large portion of its revenue from foreign trade.
        • It is a major hub for trade and logistics in the region.
        • Singapore is also a leader in shipbuilding and repairing, precision engineering, and chemicals, particularly petrochemicals.
 

minlon

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Gan bo yong, pls lookout for illegal Transshipment through Singapore lah :(
 
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