Morning Shot: Tariff Troubles – Can Singapore Firms Adapt in Time?

Rising tariffs from the US are rippling through global supply chains, forcing Singapore exporters to adapt in new ways. To help, the government has launched the Business Adaptation Grant (BizAdapt) offering up to $100,000 to support firms in reconfiguring operations, diversifying markets and seeking trade advisory services.

Mark Lee, Vice-Chairman of the Singapore Business Federation, joins the Breakfast Show to unpack how the scheme can help businesses navigate tariff pressures, which sectors are feeling the impact most, and what it will take for Singapore companies to stay competitive in an uncertain trade landscape.

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