Singapore Prime Minister: Singapore pharmaceutical companies seek clear information on exemption of US tariffs.
Singapore Deputy Prime Minister: Our discussions with the United States in the pharmaceutical and semiconductor sectors are still ongoing. Most of Singapore's pharmaceutical exports are patented. Currently, pharmaceutical products are exempt from the 10% basic tariff rate. We are concerned about the United States' occasional imposition of new tariff measures. Singapore's pharmaceutical companies are seeking clear information on tariff exemptions from the United States.
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