Amid the ever-changing global trade landscape, the new tariff policy announced by the United States on April 2 has sent shockwaves through the market, much like a large rock thrown into a calm lake. Among the measures, the imposition of a uniform 10% baseline import tariff on all trading partners has hit Singapore, which heavily relies on international trade, particularly hard.The Monetary Authority of Singapore’s (MAS) Macroeconomic Assessment report released on April 28 clearly highlights the importance of the U.S. market to Singapore’s exports. As Singapore’s second-largest export market, the U.S. accounted for 11% of Singapore’s total exports in 2024.…