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Singapore races to shield pharma exports from US tariffs
Business World Philippines
|September 29, 2025
Pharmaceutical companies in Singapore are seeking clarification on whether they would qualify for an exemption from steep tariffs imposed by the United States on their goods, Singapore’s Deputy Prime Minister Gan Kim Yong said on Saturday.
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Singapore exports about $$4 billion ($3.1 billion) of pharmaceutical products to the US and most of these exports are branded drugs, Gan, who is also trade minister, told reporters.
US President Donald J. Trump announced on Thursday 100% duties on imports of branded drugs that would apply to firms unless they build a manufacturing presence in the US
This is a concern for Singapore as pharmaceuticals form around 13% of all Singapore exports to the US, said Mr. Gan.
Dit verhaal komt uit de September 29, 2025-editie van Business World Philippines.
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