Barclays: The U.S. plans to impose a 100% tariff on branded or patented pharmaceuticals, with Singapore facing the greatest economic risk.

U.S. President Trump announced that, starting from October, a 100% tariff will be imposed on branded or patented pharmaceuticals. Companies that establish pharmaceutical plants in the U.S. will be exempted. Barclays anticipates that Singapore will be the economy most exposed to economic risks among emerging Asian markets due to the new tariff policy, as its direct and indirect export exposure to the U.S., particularly in the pharmaceutical value chain, is the highest. The bank noted that although India is a major exporter of pharmaceuticals to the U.S., given its economy's strong reliance on domestic demand, the impact of the tariff policy on India will be much lower than on Singapore. However, Barclays believes that the effects of the new tariff policy are not yet significant enough to prompt the Monetary Authority of Singapore to ease at this stage.

AASTOCKSSep 26 14:51

Express News | Ryoma Akizawa, Japan's tariff negotiator: We have reached a consensus that the tariff rates applied by the United States on chips and pharmaceuticals from Japan will not exceed those applied to any other country.

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China's Global Technological Competitiveness Highlighted: Largest Supplier of High-Tech Products to the EU in 2024

①The latest data released by Eurostat shows that in 2024, China remains the largest supplier of high-tech products to the European Union. Thirty percent of the EU's high-tech imports come from China, while 23% are sourced from the United States. ②This not only reflects the close economic and trade relations between China and the EU but also highlights the growing competitiveness of China's high-tech industry and its pivotal role in the global high-tech supply chain.

cls.cnSep 25 09:52