SINGAPORE (Sept 24): “Instead of threatening to get up from my grave when things go wrong, I prefer to contribute while still alive but without getting in the way of the younger leaders.” — Former Singapore prime minister Goh Chok Tong, referencing a famous remark by his predecessor Lee Kuan Yew.

Here are five things you need to know this week:

1 Trade tensions across the Pacific escalated sharply as the US imposed its largest round of tariffs yet against China. On Sept 17, Trump announced 10% tariffs on another US$200 billion ($273 billion) worth of Chinese goods. He says that the tariffs will rise to 25% in 2019. Trump also threatened to hit another US$267 billion worth of Chinese goods with tariffs if China retaliates.

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