TOKYO — Singaporean Deputy Prime Minister Gan Kim Yong urged countries across Asia to “forge new alliances” in a bid to combat common trade policy issues amid a restructuring in the global trade system following sweeping U.S. tariffs.
Gan, who as the city-state’s trade and industry minister leads tariff negotiations with Washington, was speaking at Nikkei’s Future of Asia forum in Tokyo on Thursday, where he expressed that the “rules-based order in trade is being undermined.”