Singapore deputy PM says progress on global trade may unravel

SINGAPORE (June 13): Global trade faces greater uncertainty and there’s a risk progress that’s been made on commerce may unravel because of dispute between China and the US, Singapore Deputy Prime Minister Tharman Shanmugaratnam said.

The relationship between the world’s two largest economies will be the most important in defining the future of global economics and trade, Shanmugaratnam said at a briefing Wednesday in the Kenyan capital, Nairobi.

“There’s a prospect of unraveling what we’ve achieved,” he said. “What is critical is to develop greater interdependence between the US and China.”

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