Singapore Disputes US Trade Surplus Data as New Tariffs Loom
The dispute surfaced after the Office of the US Trade Representative announced this week that it had launched investigations under Section 301 of the Trade Act of 1974 into the acts, policies and practices of 16 economies, including Singapore. The probes are focused on structural excess capacity and production in manufacturing sectors. In a Federal Register notice, the USTR highlighted Singapore as having a bilateral trade surplus with the US in both goods and services amounting to $27 billion in 2024.
