US proposed 12.5% tariff could hit one-third of Singapore exports
What's next: The plan faces public comments and USTR hearings in July before current US reciprocal tariffs expire on July 24.
Bloomberg, The Business Times (Singapore)
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Hegseth urges Asian allies to spend more, warns on China
At the Shangri-La Dialogue in Singapore, Pete Hegseth pushed Asian partners to boost defense spending as he warned about China’s military rise.
BBC News (World), NPR +4
Japan rejects China’s ‘neo-militarism’ charge at Singapore forum
Japan’s defense minister said Tokyo remains open to dialogue with Beijing while rejecting China’s claim that Japan is reviving militarism.
BBC News (World), CNBC +1
Marvell, Flex enter S&P 500 on June 22, replacing 2 companies
What's new: Marvell rose 5% and Flex gained 4% after hours as the reshuffle added two tech-linked manufacturers to the benchmark.