Core Viewpoint - Singapore will continue to face a 10% tariff from the United States as confirmed by the Ministry of Trade and Industry on August 1, following a recent executive order from the U.S. government [1] Group 1: Tariff Details - The U.S. has implemented a differentiated tariff arrangement for its trade partners, categorizing countries into three groups based on their trade balance with the U.S. [1] - Countries with a trade deficit with the U.S., including Singapore, will maintain a 10% tariff [1] - Thailand and Malaysia, in contrast, have been assigned a higher tariff rate of 19% [1] Group 2: Government Response - The Singapore Ministry of Trade and Industry has confirmed its understanding of the tariff situation to the U.S. Trade Representative's Office and is closely monitoring developments [1] - The ministry indicated that it will seek further clarification if necessary [1]

Group 1 - The core viewpoint of the news highlights the potential economic and trade friction among ASEAN countries due to the differentiated tariff rates imposed by the US, effective from August 1 [2] - South Korea's new president has taken swift action by sending envoys to Australia and Germany to discuss defense cooperation and trade issues, aiming to strengthen international cooperation networks [2] - Brazil and India announced an ambitious plan to significantly increase their bilateral trade by 70% to reach $20 billion, demonstrating their commitment to deepening economic ties [2] Group 2 - Indonesia is set to reach an important agreement with the EU to reduce most tariffs to zero, further promoting trade liberalization [2] - Vietnam's Deputy Minister of Trade stated that the country is actively exploring other trade agreements to reduce dependence on the US market and enhance economic autonomy [2] - Wendy Cutler from the Asia Society Policy Institute noted that as countries find it increasingly difficult to meet US requirements, their willingness to seek common interests and strengthen cooperation with other nations will intensify [2] Group 3 - Current gold futures are trading around 776.30 yuan per gram, down 0.25%, with a high of 779.40 yuan and a low of 773.84 yuan, indicating a short-term oscillating trend [1] - Key resistance levels for gold futures are identified between 782 yuan and 810 yuan per gram, while important support levels are between 765 yuan and 800 yuan per gram [2]