Trump Tariff War LIVE: Singapore Prime Minister Lawrence Wong describes in a somber speech how the global economy is changing due to Donald Trump’s tariff escalation, and not in a positive way. Speaking on the sidelines of intensifying US-China tensions, Wong warns of an emerging “bifurcated world” where the global economy is split between two rival ecosystems: one centered on America, the other on China. This is an existential economic problem for open, small countries like Singapore, not just a change in geopolitics. The rules-based framework that drove Singapore’s prosperity is under jeopardy as global trust erodes and supply chains rewire.
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