Today’s tumult in the Strait of Hormuz may be a dress rehearsal for tomorrow’s war in the Pacific, according to Singapore Foreign Minister Vivian Balakrishnan.
The city-state considers both the United States and China as partners. U.S. entities make up the largest share of its largest foreign investments, with American multinational enterprises directly pouring $467.6 billion into the country in 2024. Not only that, the U.S. trade surplus with Singapore reached $3.6 billion last year, per U.S. Trade Representative data, a 91.5% increase from 2024’s $1.7 billion. At the same time, Singapore also reached its largest trade partnership with China, exporting $58.8 billion worth of goods there in 2023.
