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US Ambassador to Singapore Is Calling in Favour For Making Singapore’s Economic Miracles Possible.
By Investment Income for Life  •  December 1, 2025
The latest controversy on the social media these days is over the remarks made by President Donald Trump's ambassador to Singapore, Dr Anjani Kumar Sinha. When asked about the 10% baseline tariff imposed on Singapore by Donald Trump in spite of a free trade agreement since 2004, Dr Sinha commented that "over many decades, American taxpayers and service members have underwritten regional security, playing an important role in making Singapore's economic miracles possible". 

Personal Thoughts
So despite the trade surplus enjoyed by the US trading with Singapore, the 10% import tariff imposed on Singapore by Donald Trump is actually a form of "Protection money". This reminded me of the early days of Singapore when Triads or Secret Societies run amok. Historically, Triads or Secret Societies in Singapore heavily relied on demanding protection money (extortion) as a primary source of income, particularly during the colonial era and the mid-20th century.
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By Investment Income for Life
I am an Accountant by training and is currently working in a global MNC in the Supply Chain industry. During my free time, I enjoy reading up on topics such as stock investing, insurance planning and property investment. Since 2012, I have started penning down my thoughts on certain financial matters while striving to achieve financial independence.
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