In a move to bolster the coal industry, US President Donald Trump has unveiled a $700 million federal plan, utilizing the Defense Production Act, which is traditionally applied in national emergencies. The initiative targets over a dozen coal-fired power plants across various states to maintain their operations, revive idle plants, and construct new infrastructure to support coal production and export. This includes plans for...
Singapore could soon see a 12.5% tariff imposed on its exports to the United States following the conclusion of a U.S. trade investigation. The inquiry found that Singapore has not adopted or enforced a ban on goods produced by forced labor. This proposed tariff, however, is not yet finalized and will undergo a public consultation process, including hearings slated to commence in July.
The investigation...
