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News about international trade flows, statistics and policy decisions from the world’s most important trading economies and trade-related bodies, including the World Trade Organisation.
last updated:
9 September, 2024
Gold prices hit an all-time high on Monday. Photo: Reuters
Banking & finance

Gold hits record high as Trump’s tariffs spur safe-haven buying

Gold hit US$2,830.49 per ounce on Monday. Tariffs on Canada, China to take effect on Tuesday while Mexico tariffs will be paused for a month.

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Donald Trump

Starmer rejects Trump ‘out of line’ comment, calls UK-US trade ‘fair’

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Donald Trump

Threatened US tariffs on Canada, Mexico paused; talks with China next

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Donald Trump

Markets drop on Trump tariffs, world leaders brace for his next moves

The S&P 500 fell 1.7 per cent at the opening bell, on the heels of the year’s biggest daily losses on a string of Asian and European bourses.

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Traders work on the floor at the New York Stock Exchange. Photo: AP
US-China relations

Facing Trump tariffs, China exporters brace for long, winding Year of the Snake

Analysts assess impact of new American action targeting imports, as uncertainty looms and next week could bring ‘a completely different world’.

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Hong Kong Monetary Authority (HKMA)

Hong Kong is well positioned to weather trade-war fallout: HKMA chief

Economy could take some hits, but diverse export destinations and Beijing’s support will mitigate negative impacts, Eddie Yue says.

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Malaysia

Trump tariffs could benefit Malaysia-Singapore special zone, trade chief says

US tariffs could inadvertently position Malaysia, and especially the SEZ, to benefit in the long run, according to a local politician.

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The Malaysian city of Johor Bahru, with heavy traffic on the Johor-Singapore Causeway at dusk. Photo: Getty Images/iStockphoto
Banking & finance

Yuan trade finance rises in Hong Kong as firms seek cost efficiencies

The Chinese currency’s cheaper funding costs and growing offshore liquidity, coupled with a new facility, are boosting its appeal.

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Canada

Canada to file WTO claim against Trump tariffs

Ottawa also unveiled a list of 1,256 American goods it plans to target on Tuesday in first round of counter tariffs worth billions.

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United States

US businesses hoard to prepare for Trump’s tariffs

Levies of 25 per cent will hit Canadian and Mexican goods starting Tuesday, while Canadian energy will be taxed at a lower 10 per cent.

US President Donald Trump. Photo: AFP
Malaysia

Malaysia-China trade hits record US$212 billion

China’s consul-general in Kuching also revealed that Malaysia welcomed over 3.8 million Chinese visitors last year – double that of 2023.

Artists perform Chinese martial arts at a Lunar New Year ceremony and gala in Kuala Lumpur, Malaysia, last month. Photo: Xinhua
Canada

Canada slaps 25% tariffs on US goods in response to Trump’s trade war salvo

Warning that tariffs would hurt the US, Canadian PM Justin Trudeau encouraged Canadians to buy Canadian products and holiday at home.

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US-China relations

Big swing: Chinese golf cart makers are moving to US to dodge tariff blitz

Some Chinese manufacturers have been hit by a 1,000% hike in import duties, pushing them to shift production to America.

Americas and the Caribbean

Mexico hits back at Trump’s tariffs with tariffs of its own

Mexican President Claudia Sheinbaum also rejected US allegations about alliances between her government and organised crime as ‘slander’.

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Mexican President Claudia Sheinbaum speaks to the crowd at an event marking her first 100 days in office on January 12. Photo: AP
India

‘Cooperation, not confrontation’: can Modi’s US visit improve US-India ties?

Trump’s invitation for Modi’s US visit signals a strengthening of ties, but India must address tariffs and immigration issues to ensure productive negotiations.

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US President Donald Trump and India’s Prime Minister Narendra Modi talk as they arrive for a joint news conference at Hyderabad House in New Delhi, India, on February 25, 2020. Photo: Reuters
US-China relations

Trump signs executive orders imposing steep tariffs on China, Canada and Mexico

White House says move necessary to staunch flow of fentanyl and migrants to US.

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China tariffs

Macroscope | Tariff wars show just how badly we need global trade reform

While some want a return to trade norms, not many are willing to consider if yesterday’s liberalisation craze was ever sustainable.

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US-China relations

US imposing tariffs on imports from China, Mexico and Canada, as Trump vowed

White House calls the levies – 10% on Chinese imports, 25% on Mexican and Canadian goods – a response to the nations’ failures on fentanyl.

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US President Donald Trump is making good on threats to impose tariffs on China, Mexico and Canada, according to the White House. Photo: EPA-EFE
US-China relations

Will ‘unpredictable’ Trump bring chaos or calm to US-China relations?

Voices from Washington reveal deep divisions on how to deal with Beijing, with Trump 2.0 adding another layer of uncertainty, analysts warn.

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South Korea

Over 90 per cent of counterfeit goods in Korea come from China: customs data

Luxury French fashion brand Chanel accounted for the highest number of imported fakes, with Burberry and Louis Vuitton also featuring highly.

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United States

Outside In | Trump’s plans have to contend with the law of unintended consequences

From trade to immigration, Trump’s agenda risks a backlash. The question is whether he sees the problem and will change tack.

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US President Donald Trump signs executive orders on January 6. Photo: AFP
India

India could tackle economic slowdown, US tariff threat in annual budget

Broad policy reset needed to address stagnant consumption, boost investment and drive far-reaching reforms, economists say.

A driver cleans his truck before loading stalks of bananas outside a market, at dawn in Mumbai on Tuesday. India’s economic growth is expected to remain at 6.5 per cent through this year and the next. Photo: AFP
Donald Trump

Panama says won’t negotiate with US over canal, ahead of Rubio visit

Trump claims that China is effectively ‘operating’ the vital waterway and has threatened to ‘take it back’.

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United States

Opinion | The hidden danger of Trump’s tough trade tactics

Trump’s tariff threats to bully countries into helping achieve his political goals may create a backlash like the one that propelled him to power.

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Japan

Japan scrambles to secure US commitment as Trump considers direct China talks

PM Shigeru Ishiba seeks to reassure Washington of Tokyo’s commitment to the US-Japan alliance and its presence in the region, amid concerns over China’s influence.

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President Donald Trump shakes hands with China’s President Xi Jinping during a meeting on the sidelines of the G20 summit in Osaka, Japan, in June 2019. Photo: AP
US-China relations

Trump’s commerce pick vows to keep China from using US tech to ‘compete with us’

Former long-time Wall Street CEO also pledges ‘across-the-board tariffs’ to gain leverage against Beijing and other countries.

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Howard Lutnick, US President Donald Trump’s nominee to serve as commerce secretary, testifies before the Senate Committee of Commerce, Science and Transportation during his confirmation hearing in Washington on Wednesday. Photo: EPA-EFE
European Union

EU keen to work with Trump on China’s ‘non-market policies’: trade chief

In rare admission, senior official says bloc should be ‘ready to explore deeper EU-US cooperation on economic security’ vis-a-vis Beijing.

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US presidential election 2024

Most Greenlanders don’t want to be American: poll

The poll surveyed 497 of Greenland’s 57,000 residents between January 22 and 26, and 85 per cent of respondents said no to joining the US.

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