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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.
Malaysia’s Prime Minister Anwar Ibrahim attends a meeting with Bangladesh’s Prime Minister Tarique Rahman (not pictured) at the Federal Government office “Perdana Putra” in Putrajaya, Malaysia, on June 22. Photo: Reuters
Malaysia

Malaysia’s Anwar unveils cost of living measures as opposition rises

Anwar ⁠has faced declining support over a perceived failure to deliver on reforms as well as the mishandling of several high-profile corruption cases.

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China exports

From air conditioners to taps, Europe’s climate extremes boost China sales

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US, Israel war on Iran

Iranian leaders admit economic toll of war with US as trade drops 35%

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US-China relations

US Treasury sanctions Hong Kong-based firm over Iran money laundering ties

Kameng Trading Ltd allegedly acted as front company to help Iran’s Pedram Pirouzan Exchange House access international financial system.

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US Treasury Secretary Scott Bessent announced “Operation Economic Outcast” on Monday, which expanded secondary sanctions on entities in jurisdictions deemed to support Tehran. Photo: Getty Images/TNS
Belt and Road Initiative

In Focus | Can Beijing’s gateway plan for Tibet survive geopolitics and natural disasters?

Beijing hopes trade will stabilise Tibet, but friction with India and the looming Dalai Lama succession are hampering its efforts.

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US-China relations

Opinion | US and China must team up to keep maritime trade routes free and safe

The Strait of Hormuz crisis shows neither state benefits when key waterways can become instruments of political pressure or economic coercion.

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China trade

China and Russia aim to boost Arctic shipping route’s competitiveness

Economist says appeal is likely to grow as traditional routes, such as the Red Sea and Strait of Hormuz, become riskier.

Members of China’s Arctic Ocean scientific expedition team drill through ice on its surface earlier this month. Photo: Xinhua
US-China relations

Talks are ‘only way out’ on Iran, Beijing says as Trump hints at Chinese bank bans

Latest salvo from US president adds pressure to already fragile US-China ties before expected summit in Washington.

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US-China trade war

US urged to use Beijing playbook to secure Chinese tech transfers

Experts say Washington should target areas where cutting-edge Chinese technological know-how could be welcomed, then applied to help US.

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Donald Trump

Trump orders Lake Ontario renamed ‘Lake America’ as US-Canada trade war escalates

Canadian leaders dismiss move as ‘foolishness’ and ‘rhetoric’ as US president targets northern neighbour over trade.

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A map is displayed as US President Donald Trump signs an executive order to rename Lake Ontario as Lake America in the Oval Office on Thursday. Photo: AFP
US, Israel war on Iran

China and Iran sanctions: Beijing’s red lines and retaliation options

Washington’s new measures seen testing a recent bilateral detente with Beijing, and room for escalation remains, threatening trade, payments and supply chains.

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US President Donald Trump (right) walks with President Xi Jinping in Beijing on May 15. Photo: Evan Vucci/Pool via AP
Accidents and disasters in China

Himalayan glacier collapse hits China-Nepal trade route as casualties mount

Tragedy at Gyirong hub lays bare climate risks along fragile mountain corridor.

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Food and Drinks

Mouthing Off | Why is the US-Canada trade war seemingly hinging on drinking games?

As tensions rise between former besties Canada and the US, the former’s refusal to sell US alcohol is a highly contentious point.

China-Latin America relations

US critical minerals proposals to Brazil go unanswered as China looms

A US diplomat says Brasilia has not responded to two overtures, even as a US-backed rare earth acquisition in Brazil nears completion.

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Serra Verde’s Pela Ema mine in Brazil produces heavy rare earths from ion-adsorption clay deposits. Photo: Handout
US-China relations

In a small Virginia town, distrust of Big Tech hampers Trump’s AI push

Controversy over first data centres in Danville typifies ongoing debate with concerns over secrecy, distrust and China’s influence.

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The proposed data-centre campus at Berry Hill, a 3,500-acre industrial site 16 kilometres outside Danville, Virginia. Photo: Vincent Chow
Hong Kong politics

Hong Kong lawmaker urges firms to expand into emerging markets amid US visa pause

Jonathan Lamport tells SCMP the local business community is closely monitoring whether business visa processing, approvals will be affected.

US-China relations

Opinion | The security-obsessed global economy needs its own Helsinki process

Cold War rivals used ground rules to make competition more transparent, bounded and predictable. Today’s weaponised trade needs the same ambition.

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US-China trade war

How will US ‘D-Day’ threat against Iranian economy impact China’s oil supply?

As northern hemisphere prepares for winter, analysts say latest US sanctions would not deter China from purchasing Iranian oil.

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A US guided-missile destroyer blocks an Iran-flagged crude oil tanker attempting to sail towards an Iranian port on April 24. Photo: AFP
US, Israel war on Iran

US pulls China punches in Iran ‘economic D-Day’ sanctions

US measures targeting Iran-linked companies exclude major Chinese ones, probably to avoid the risk of jeopardising the fragile bilateral trade truce.

Panama

Asian shipper pays record US$5.3 million for Panama Canal access

Demand to pass through waterway soars after Iran war upends global trade routes, leaving ships facing 11-day wait.

United States

Canada hits US goods with tariffs of up to 50% as trade war escalates

Ottawa targets about US$20 billion in US products and unveils billions in assistance after negotiations with Washington collapse.

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Canadian Prime Minister Mark Carney speaks about the trade dispute with the US in Levis, Quebec, on Monday. Photo: AFP
US-China trade war

What does the US-Canada trade dispute mean for China?

After Canada stood firm in negotiations, analysts say that Washington failed to gain ‘veto’ on Ottawa’s trade with other countries.

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Shipping containers are seen in the Port of Montreal in Quebec, on Sunday. Photo: AFP
United States

Trump eyes renaming Lake Ontario to ‘Lake America’ as Canada trade war deepens

Such a change would be reminiscent of Trump’s unilateral action last year to rename the Gulf of Mexico to the Gulf of America.

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US-China relations

‘Normal stability’: US-China Track 1.5 talks offer formula for ties

Senior party official Liu Haixing uses unofficial discussions to make the case for disagreements to remain ‘controllable’.

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Hong Kong economy

Hong Kong exports jump 50.7% in July, driven by growth in AI-related electronics

Government expects robust demand to continue supporting trade development despite geopolitical risks.

Exports surged by 53.4 per cent year on year to a record HK$641.1 billion in June. Photo: Eugene Lee
China-Latin America relations

US targets China’s telecoms grip in Venezuela with new sanctions carve-out

Move could test Huawei and ZTE’s long-standing foothold as Washington extends its China reach from oil to another strategic sector.

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Chinese telecommunication companies like Huawei could be marginalised after the US authorised new investment in Venezuela’s telecom sector. Photo: Shutterstoock
US-ally trade wars

Mexico ‘optimistic’ on US trade deal after Canada talks collapse

President Sheinbaum keeps envoy in Washington to lower US tariffs and avert broader USMCA rift.

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US, Israel war on Iran

China vows to safeguard interests after ‘Economic D-Day’ sanctions over Iran ties

Washington warns Iran-linked entities face removal from US dollar system as Trump presses world leaders to cut financial ties.

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