Singapore said it ran a trade deficit with the US in 2024, disputing figures published by Washington that showed the city state posted a surplus and challenging suggestions that it is contributing to global manufacturing overcapacity.
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 investigations…
Singapore contests US claim of trade surplus amid excess capacity probe
