28 Feb '17, 5am

Singapore PM offers blunt assessment of US relationship

Patrick Chovanec, chief strategist at Silvercrest Asset Management, said that it was rare for Lee to speak so bluntly about a trade-off between the U.S. and China. In a December speech, Lee had previously warned Singapore would be "in a very difficult spot" should U.S.-China relations grow tense. The Southeast Asian city-state regards both the U.S. and China as "friends and do not want to have to choose between them," the prime minister added. Fears of a U.S-China trade war are high and should President Donald Trump act on his campaign promise of imposing tariffs on the mainland, a country he blames for the loss of American jobs, global exports and imports are expected to suffer. Singapore, home to one of the world's busiest ports, stands to particularly suffer as its economy is heavily reliant on international trade. The island nation also maintains deep, strategic ties w...

Full article: http://www.cnbc.com/2017/02/28/singapore-pm-on-us-china-r...

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