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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.
Canadian conservative leader Pierre Poilievre at the Economic Club of Canada in Toronto, Ontario on Thursday. Photo: The Canadian Press via AP
Los Angeles protests

Canada cannot replace US with China, Carney’s Conservative rival warns

‘We should not declare a permanent rupture with our biggest customer in favour of a ... partnership with Beijing,’ said Pierre Poilievre.

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US-China relations

China, Russia should join US in new nuclear arms control deal: Rubio

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US-China relations

China’s rare earth curbs hit US aerospace, chips hard despite trade truce

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US-China relations

Xi-Trump talk plans rattled by chaotic US team: ‘the worst I’ve ever seen’

Analysts warn thin US coordination and rushed timelines risk weak deliverables and surprises ahead of high-stakes Beijing meeting.

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Illustration: Brian Wang
Singapore

Singapore budget surplus: poor ‘fiscal marksmanship’ or prudent forecast?

MPs have questioned whether the GST rise was necessary after the government projected a US$12 billion surplus in the current financial year.

Hutchison’s Panama ports deal

Opinion | Panama’s ports grab may be politically expedient, but at what cost?

In global logistics, reliability is currency. When commitments become provisional, the cost is measured not only in legal fees but in confidence.

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China-Germany relations

Merz’s China tightrope: German leader has warm words, hard questions for Beijing

German chancellor strikes diplomatic tone in Beijing meetings while pushing his hosts on subsidies, currency devaluation and Russia.

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German Chancellor Friedrich Merz and Chinese President Xi Jinping in Beijing on Wednesday. Photo: AP
US-China trade war

US to keep China tariffs steady ahead of key Trump-Xi meeting: Greer

Trade envoy confirms levies on Chinese goods to remain within range of 35 per cent to 50 per cent depending on the product as tensions ease.

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China trade

Trump’s USMCA exit threat seen pushing Canada into China’s arms

Analysts expect Ottawa to diversify trade as future of North American trade pact remains uncertain, while a US departure would ‘hit Canada like an earthquake’.

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India

Trade and diplomatic reset top the agenda for Canadian PM’s India visit

Both sides are set to boost trade links and repair ties further following a fallout over the 2023 killing of a Sikh separatist, analysts say.

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India’s Prime Minister Narendra Modi and Canada’s Prime Minister Mark Carney meet before the 2025 G7 summit in Kananaskis, Alberta. Photo: AP
China consumption

IMF urges China to focus on consumption-led rebalancing, curb industrial policy

Global monetary body calls on Beijing to roll out more forceful fiscal stimulus to bolster domestic demand amid record trade surplus.

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Customers check out at a duty-free store during the Spring Festival holiday in Haikou in Hainan province, as the IMF issues an urgent recommendation to China. Photo: Xinhua
China economy

Opinion | How ‘little giants’ help China defend its manufacturing dominance

Support for ‘little giants’ and other specialised SMEs remains a vital part of the long-term strategy to bolster China’s global manufacturing.

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China technology

Shenzhen dethrones Shanghai, Beijing as China’s top industrial powerhouse: mayor

Leading in R&D density, AI innovation and start-up cultivation, Shenzhen is building a full-stack AI ecosystem, according to the mayor’s annual work report.

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US-China trade war

US warns of deep distrust even as officials seek stable China ties for summit

Congressional hearings reflect bipartisan concern and highlight persistent advanced tech market tension as key Trump-Xi summit looms.

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The Trump administration wants stable relations with China but does not trust the country, a senior State Department ⁠official said. Photo: Reuters
Brics

Why Brics can’t do away with US dollar even as currency cooperation rises

Brazil says there has been no proposal or talks within Brics to create a common currency across the bloc.

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Brics leaders meet at their 2025 summit in Rio de Janeiro, Brazil. Photo: AFP
China-EU relations

EU too slow to act as China rewrites global trade rules, trade chief Sefcovic warns

Commissioner calls for faster trade probes and WTO reform as Brussels confronts overcapacity, subsidies and a US$424 billion deficit.

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US-China trade war

China braces after Trump imposes new global tariff – how will it respond?

Beijing is on alert but signals readiness to engage ahead of high-level trade talks and Trump’s first visit to China in his second term.

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United States

Opinion | Despite Supreme Court ruling, Trump has legal cards for tariffs in hand

The US’ trading partners are understandably taking a wait-and-see approach to the tariff landscape after the court decision.

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Illustration: Craig Stephens
India

India and Brazil set sights on US$30 billion trade milestone by 2030

The two founding Brics members are deepening links on rare earths, innovation and AI to diversify growth beyond the West.

Japan

No takebacks: Japan wants US to stick to trade deal amid tariff turmoil

Japan could see extra tax burdens on some goods if Trump’s new 10 per cent tariffs were to be applied unilaterally, the trade minister said.

China trade

US-Indonesia deal threatens China’s ‘entrenched position’ in nickel market: analysts

A new deal gives America unrestricted access to Indonesia’s nickel – and challenges China’s ‘preferential’ position in the market, analysts say.

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A worker conducts a tapping process at a nickel processing plant in Sorowako, Indonesia. A new US-Indonesia trade deal could complicate China’s position in the Indonesian nickel industry. Photo: EPA
China-Japan relations

China adds Japanese entities to export control list, turning up heat on Tokyo

Beijing has also added 20 Japanese firms and institutions to a watch list for the export of goods with potential military applications.

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China has added 20 Japanese entities to an export control list amid heightened tensions with Tokyo. Photo: AFP
US-China relations

US tariff ruling points to steadier US–China ties before April summit: analysts

Court decision lowers effective duties, easing tensions and steering Xi-Trump talks towards stability rather than escalation.

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China-Africa relations

Opinion | China’s zero-tariff offer to Africa is a game changer

In contrast to Western proposals that come with strings attached, China has turned its own market into the main instrument of partnership.

China-Latin America relations

Panama ousts Hong Kong operator from canal ports in ruling backed by Washington

White House says Panama’s move to assert sovereignty over Balboa and Cristobal aligns with Donald Trump’s vision for the canal.

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The port of Balboa, managed by Hong Kong-based CK Hutchison Holdings, at the entrance to the Panama Canal in Panama City. On Monday, Panama took control of the ports in Balboa and Cristobal. Photo: AFP
China-EU relations

Opinion | Germany’s outreach to China signals a reckoning, rather than a shift

The German chancellor realises that while China poses a long-term economic challenge, the United States is currently the more disruptive partner.

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Illustration: Craig Stephens
US-China trade war

Critical minerals rivalry expands to copper, silver

The US and China are intensifying efforts to secure copper and silver supply chains amid surging industrial demand which has driven up prices of the metals, delivering big returns for investors in 2025.

South Korea

Tariff whiplash throws Asia’s recent US trade deals into doubt

India has already paused trade talks with Washington as other Asian nations are left to question the validity of their recent agreements.

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