(Apr 10): Rising US-China trade tensions are raising alarm bells in export-reliant Singapore, with an index measuring economic uncertainty climbing to a five-month high in March.

The Economic Policy Uncertainty Index for Singapore increased to 155 last month from 126 in February, showing the tariff threats are starting to make their mark.

Yet there’s still reason for calm. The index is at a relatively low level given last year’s easing in policy and political uncertainty in Brazil, South Korea, France and the UK, according to Steven Davis, an economist at the University of Chicago and one of the creators of the index.

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