Overview

• Deputy Prime Minister Gan Kim Yong and US Commerce Secretary Howard Lutnick discussed potential concessions for Singapore's key exports during an April 25 call.
• Pharmaceuticals, which account for over 10% of Singapore's exports to the US, and access to high-end AI chips are central to the ongoing negotiations.
• The US has ruled out changes to the 10% baseline tariff but is exploring sector-specific solutions for trusted partners like Singapore.
• Singapore highlighted its robust export control system to address US concerns about AI chip misuse, strengthening bilateral trust.
• The Singapore Economic Resilience Taskforce is developing targeted measures to support workers and businesses affected by the tariff policy.