Economists have lowered growth forecasts for Singapore and Hong Kong in the second half of 2025, citing rising risks from higher US tariffs on Chinese exports, according to a Bloomberg survey. Singapore’s third- and fourth-quarter growth is projected at 1.3% and 1.6%, down from stronger first-half estimates of 4.1% and 3.9%. Hong Kong’s outlook was also revised downward, with growth now expected at 2.6% and 2.4% in the last two quarters, compared to earlier forecasts of 3.2% and 3.1%. Analysts warn that escalating US-China trade tensions under a second Trump administration pose downside risks, particularly for trade-dependent economies. The Hong Kong government maintains a 2-3% growth estimate for 2025, but economists expect expansion near the lower end due to weak Chinese demand.