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US-China trade war
US-China trade war: All stories
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.
A trader works on the floor of the New York Stock Exchange at the opening bell on Monday in New York City, Wall Street stocks opened lower amid lingering uncertainty over President Trump’s trade policy. Photo: AFP
United States

Trump’s Fed feud sparks market turmoil, dollar dips, gold hits record high

Gold soared as investors fled US assets amid fears of Federal Reserve interference.

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Yuan

Yuan trade settlements on rise amid ‘soaring volatility’ in US Treasury market

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US-China trade war

China’s satellite self-reliance could get a boost from Trump’s tariffs: expert

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US-China relations

Opinion | Hong Kong may feel pain from the trade war but not for too long

While the city’s status as a free port and logistics hub will shield it from total economic ruin, diversifying trade partners is key.

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Bargain hunters buy multiple boxes of snacks and preserved foods at the 58th Hong Kong Brands and Products Expo at Victoria Park in Causeway Bay, on December 22, 2024. Photo: Eugene Lee
India

Can Vance’s visit help India fast-track trade deal, avert Trump tariff threat?

India is expected to use Vance’s visit to signal it is serious in working out a trade deal with the US, analysts say.

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US-China trade war

China is weaning itself off US soybeans as decade-long outlook comes into view

The days of China relying on America for soybeans could be numbered as agricultural ministry outlook report for next decade puts onus on self-sufficiency.

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Malaysia

Malaysia may benefit from China’s Boeing snub – but at what price?

Airline may face strong headwinds in the form of rising cost of parts and declining passenger numbers, analysts warn.

Malaysia Airlines plans to phase out older Boeing 737 variants that have formed the backbone of its single-aisle fleet for over six decades. Photo: Reuters
Singapore

Johor-Singapore SEZ offers new hope amid US-China tariff war, deputy PM says

Singapore’s Deputy Prime Minister Gan Kim Yong said the SEZ presents opportunities for businesses to strengthen supply chains and thrive despite trade uncertainties.

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China-Africa relations

China-Africa trade makes ‘moderate’ gains despite US tariffs, currency weakness

First quarter customs data shows Chinese exports to Africa climbed 11.3% to US$45.92 billion while imports from the continent fell 9.4%.

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US-China trade war

‘Bargaining with a tiger for its skin’: China says US trade tactics will fail

Ministry of Commerce calls for countries to resist US trade coercion after report said Washington asked them to curb economic ties with China in exchange for tariff relief.

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Washington has reserved its heaviest trade blows for China, having imposed 145 per cent in tariffs on Chinese imports, prompting Beijing to hit back with a 125 per cent levy on imported US goods. Photo: AFP
Hong Kong economy

Hong Kong e-commerce, US consumers expected to take the hit from DHL suspension

DHL has suspended US-bound business-to-consumer shipments worth more than US$800 because of Trump tariffs.

DHL has suspended US-bound business-to-consumer shipments worth more than US$800 “until further notice” because of tariffs imposed on Chinese imports. Photo: Dickson LEE
United States

US toy retailers fear ‘really difficult Christmas’ as China tariffs bite

After a 145 per cent tariff shock, US toy executives are warning of a Christmas crisis and pleading for exemptions.

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Indonesia

Is Indonesia destined to be a footnote in Africa’s growth story?

Despite President Prabowo’s heartfelt words and promises of partnership, analysts question Indonesia’s commitment to the continent.

China economy

Opinion | Why the impact of US tariff war on China won’t be all that great

China’s shrinking dependence on exports and the US, coupled with its economic resilience, means it can still grow by 4.5 per cent this year.

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Illustration: Craig Stephens
US-China relations

Opinion | China has a secret weapon in US trade war – the renminbi

Taking a leaf from Russia, China should make ‘unfriendly’ countries like the US use Chinese currency for trade transactions.

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Renminbi appreciation could hinder exports, but this must be assessed in the context of China’s industrial upgrades. Hi-tech products account for about 27 per cent of China’s total exports, a higher share than for the US or Japan. China’s export growth no longer has to rely on its cost advantage alone. Photo: Reuters
China trade

French flock to Chinese e-commerce bargains, hunt for ‘agent Taobao’ to deliver

Amid US-China trade war, TikTok accounts show users how to purchase cheap goods directly from Chinese factories to avoid pricing mark-ups and tariffs.

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Hong Kong economy

Foreign capital rushing into Hong Kong, mainland amid US tariff war: Paul Chan

Some overseas financial institutions have also expanded their operations and hiring in Hong Kong, Paul Chan says.

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US-China trade war

Opinion | Free port status won’t save Hong Kong from damage of Trump’s tariffs

US tariffs are bound to damage the city’s economy, including through potential job losses and further price rises.

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An image of US President Donald Trump is seen at a cryptocurrency exchange in Hong Kong on April 9. Photo: AFP
Wealth management

Smell of success: fresh Malaysian durians are taking bite out of China’s market

While Thailand dominates durian sales in China, sales of the Malaysian fruit have grown tenfold from last year, industry insiders say.

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United States

French minister warns Trump: firing Powell risks destabilising US economy

The US president has clashed with the Federal Reserve chair over interest rates, threatening ‘termination couldn’t come quickly enough’.

Durians in China

China’s durian determination yields golden home-grown bounty in Hainan

Tropical Hainan province has defied sceptics and rewarded investors with China-grown durian, but it ‘simply cannot compete’ with booming imports from Southeast Asia.

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Illustration: Brian Wang
Asean

Opinion | Could Asean help jump-start US-China trade negotiations?

The bloc’s summit involving dialogue partners is an ideal space for the US and China to talk, but time is of the essence.

The Asean flag is placed alongside the flags of its member countries ahead of the bloc’s foreign ministers’ retreat in Langkawi, Malaysia, on January 17. Photo: Reuters
India

US tariff threats open door to a ‘make in India’ moment

From iPhones to automotive parts, India has seen some manufacturing successes, but can it now scale up as tariff clouds gather?

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United States

Macroscope | IMF’s tariff warnings may be too little, too late

The Trump administration has brought the world to the brink of a systemic financial and economic crisis.

Hong Kong economy

Peru port could be an answer to US fees on Chinese ships: Hong Kong experts

‘The measure could potentially hit [the US’ own] logistics … affecting not only us but the rest of the world,’ industry leader says.

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The US has announced it will impose port fees on Chinese vessels docking in the country. Photo: AFP
United States

Trump goes to war with the US Federal Reserve: a ‘recipe for disaster’?

The president’s conflict with the Fed could threaten the central bank’s independence and destabilise US financial markets, analysts warn.

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The headquarters of the US Federal Reserve in Washington. The Fed system is designed to insulate the US central bank from political interference. Photo: Kyodo
Diplomacy

Opinion | Will Trump’s chaos galvanise the Global South?

With trust in Western-dominated institutions waning, the Global South is rallying for a new order that reflects its diverse voices.

US-China relations

Are China’s space ties with Latin America under threat as the US asserts power?

Trump administration to increase scrutiny of Sino-Latin American space cooperation to curb China’s influence, analysts say.

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