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Trade
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.
US President Donald Trump initially opposed Nippon Steel’s takeover plan, calling for US Steel to remain domestically owned. File photo: AFP
United States

Trump approves Nippon Steel’s US$14.9 billion purchase of US Steel

Companies commit US$11 billion in new investments, with a US government ‘golden share’.

Hong Kong

InvestHK pivots to support Hong Kong start-ups’ global growth

US-China relations

Boeing delivers first plane to China in Trump tariff war reprieve

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Banking & finance

Hong Kong can power yuan’s international ascent: HSBC co-CEO

City should scale up yuan-denominated trade finance and participation in stock and bond markets, David Liao says.

An employee counts 100-yuan notes at a bank in Beijing on November 14, 2024. Photo: AFP
Malaysia

Warnings of higher rents, house prices as Malaysia gets ready for new taxes

The new government taxes, aimed at addressing budget deficits, have sparked outrage, with Malaysians concerned that they will ultimately pay more for everything.

Commodities

Crypto can’t chip away at gold’s safe-haven shield: gold researcher

Spot gold price surged to US$3,444 after Israel’s strikes on Iran.

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Apple

Apple is shipping nearly all of its India-made iPhones to the US

From March to May, Foxconn exported iPhones worth US$3.2 billion from India, with an average of 97 per cent shipped to the US.

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A man checks an iPhone 16 Pro as the new iPhone 16 series smartphones go on sale at an Apple store in Beijing on September 20, 2024. Photo: Reuters
Business of climate change

Chinese solar firms bank on overseas expansion to survive amid US tariffs

Some of the world’s top solar firms are considering localising production in the US amid a worsening price war and geopolitical tensions.

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US-China relations

Opinion | Trump’s fundamental mistake is in seeing China as America’s problem

The US president fails to grasp that a rising China is a new question to answer, not an old mistake to correct.

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Nvidia

Nvidia to exclude China from forecasts amid US chip export controls

‘I’ve told all of our investors … our forecasts will not include the China market,’ Nvidia CEO Jensen Huang told CNN.

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Nvidia CEO Jensen Huang at the Paris Expo Porte de Versailles in Paris, France on Thursday. Photo: AFP
Britain

Britain ready to implement US tariff deal, trade minister says

Trade chief Jonathan Reynolds said UK is hopeful for a proclamation from Trump to put the agreement into effect in the coming days.

Jonathan Reynolds, Britain’s Secretary of State for Business and Trade outside 10 Downing Street in London on Wednesday. Photo: Reuters
US-China relations

Exclusive | Xi-Trump call suggests ties are warming – timing of a meeting is another thing

Analysts say Apec summit in South Korea in November, or a separate meeting in China around then, may be the opportunity for leaders to meet.

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Huawei

Chinese tech champions boost Europe ties amid US tensions

At VivaTech, the Chinese ambassador to France says Beijing is ready to collaborate with Paris to enhance scientific and technological exchanges.

China-EU relations

Opinion | Why Europe must end its strategic drift by working with China

Whether via bilateral channels or broader coalitions, Europe must craft a China policy that reflects pragmatism and enhances its resilience.

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A visitor looks at pictures during the 2025 Budapest China Tourism and Culture Week in Budapest, Hungary, on May 23. Europe’s engagement with China should be framed not as distance from Washington but as a pursuit of European resilience. Photo: Xinhua
China-Africa relations

China to remove tariffs on nearly all goods from Africa as both criticise US

Plan expands on policy announced last year granting 33 least-developed African countries zero-tariff treatment.

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Chinese Foreign Minister Wang Y reads a letter from President Xi Jinping to a FOCAC meeting in Changsha on Wednesday. Representatives of China, 53 African countries and the African Union Commission attended the meeting. Photo: Xinhua
Japan

Ishiba says won’t forgo Japan’s interests for quick deal with Trump

The prime minister said it’s important to achieve an agreement that’s ‘beneficial’ to both sides.

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Donald Trump

Trump says again he’ll set unilateral tariffs in 2 weeks

US president plans to issue unilateral tariff rates to trading partners, offering ‘take it or leave it’ deals.

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Artificial intelligence

China’s orchard of AI, chip grads now ripe for the pickin’ as tech trade sours

Many who entered university during Trump’s first trade war with China are ready to become key cogs in China’s hi-tech engine.

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Illustration: Henry Wong
US-China trade war

US Treasury chief slams ‘unreliable’ China at House hearing on Trump trade policy

His claim Beijing has ‘most unbalanced economy in the history of the world’ fails to sway Democrats’ scepticism over administration’s ‘whims’.

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China trade

China, US agree to ‘done deal’, Trump says, pending sign-off by President Xi

‘Full magnets, and any necessary rare earths, will be supplied, up front, by China,’ American leader adds, following trade talks in London.

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China economy

Opinion | As China reins in the EV sector, 1 solution stands above the rest

Industry consolidation would not only end an unsustainable race to the bottom but also help Beijing’s broader economic agenda.

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Employees work on an assembly line of an EV factory in Chongqing on May 20. After consolidation, the remaining companies will be in a stronger financial position to provide more stable employment and higher wages. Photo: EPA-EFE
US-China relations

Exclusive | Top US envoy in Hong Kong may be headed for senior role in Beijing embassy

Gregory May, US consul general for Hong Kong and Macau, tipped for leading role over 1,300 people at Beijing embassy and mainland consulates.

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Gregory May, who arrived to serve as the US consul general for Hong Kong and Macau in September 2022, is expected to be appointed second-in-command of the US embassy in Beijing. Photo: Sun Yeung
Donald Trump

Trump tariffs can remain in effect, US appeals court rules

The decision means Trump may continue to enforce, for now, his tariffs on imports from most US trading partners.

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China trade

‘Making a dent’: race is on to reap rare earths elsewhere amid China’s dominance

‘If China imposes export restrictions on rare earth components, the US will just find alternative sources,’ former AmCham China chair says, pointing to challenges.

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US-China relations

EU in Latin America touts itself as ‘just’ partner amid US-China rivalry

Speaking in Brazil and aiming bloc’s message at Global South, senior envoy also extols shared agenda for green and digital transition.

Senior European Union official Brian Glynn (left) speaks at the Forte de Copacabana International Security Conference in Rio de Janeiro, Brazil, on Tuesday, as German lawmaker Roland Theis listens. Photo: SCMP
US-China trade war

China, US officials agree to ‘framework’ that will need approvals by Xi, Trump

Two sides will ‘bring back a report to our respective leaders the talks in the meeting as well as the framework that was reached in Geneva’.

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Senior officials from China and the US holding trade talks in Geneva, Switzerland, in May. The sides met for follow-up discussions in London on Monday, eager to de-escalate tensions over a number of issues. Photo: Reuters
India

India expected to maintain robust growth despite Pakistan tensions, trade woes

Economy could grow by about 6.5 per cent this financial year, analysts say, with rate cut predicted to boost consumption, investment.

US-China trade war

Explainer | US trade officials mull further rollback of port fee rules – what’s different now?

Proposed policy shift could ease pressure on domestic exporters and benefit global players such as China.

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