US imposes new tariffs on 60 trading partners, Singapore subject to 12.5% levy

Published Jul 24, 01:54 AM UTC

The United States has announced new tariffs on 60 trading partners, including Singapore, which will face a 12.5% levy. The new duties take effect on Friday at 12:01 am New York time (12:01 pm Singapore time). The announcement was reported by The Business Times Singapore on July 24, 2026. The tariffs represent a significant escalation in US trade policy, affecting a broad range of international partners. Singapore's inclusion in the list of 60 countries subject to these levies marks a notable development in US-Singapore trade relations. The specific products or sectors targeted by the tariffs were not detailed in the available article text.