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US-ally trade wars

US-ally trade wars
The latest news, analysis and opinion on US-ally trade wars. In-depth analysis, industry insights and expert opinion.
last updated:
9 September, 2024
The Malaysian city of Johor Bahru, with heavy traffic on the Johor-Singapore Causeway at dusk. Photo: Getty Images/iStockphoto
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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Canada

Canada to file WTO claim against Trump tariffs

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Canada

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

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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
Trade

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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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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Donald Trump

Trump to hit Canada, Mexico with 25% tariffs on Saturday, says rate could rise

The US president also indicated he would proceed with duties on China, though he did not specify how high they would be.

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US President Donald Trump speaks at a press briefing at the White House on Thursday. Photo: TNS
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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China trade

Global trade has transformed since US President Trump’s first term: McKinsey

International trade has become significantly more politically-driven since the US president’s first term, according to McKinsey.

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Canada

Trudeau’s cabinet lines up behind Carney, as Canada seeks to counter Trump

The former central banker has already secured the backing of the country’s foreign, energy, environment, transport and labour ministers.

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Mark Carney speaks during his Liberal leadership campaign launch in Edmonton, Alberta, on January 16. Photo: Canadian Press via AP
India

India set to take back 18,000 citizens from US to placate Trump

In return, New Delhi hopes student and H-1B visas – a large proportion of which go to Indian citizens – will be protected.

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Immigrants from India walk next to the Trump-built US-Mexico border fence after crossing into Arizona on Sunday. Photo: AFP
Donald Trump

Taiwan’s Compal, Inventec mull US expansion to counter Trump tariffs

Texas is seen as a top choice for the Taiwanese laptop because of the state’s power infrastructure and proximity to Mexico.

Malaysia

Trump’s tariffs threaten Malaysia’s chip sector, may stoke inflation: minister

Trade Minister Zafrul Aziz fears Trump’s policies could particularly hit Malaysia’s growing electronic chips market.

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Donald Trump

Canada vows ‘Trump tax’ on US in hard-hitting response to tariffs

Foreign Minister Joly says the country is ready to apply ‘maximum pressure’ in what would be the biggest trade war with the US in decades.

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Canada’s Minister of Foreign Affairs Melanie Joly responds to a question during a news conference in Ottawa in November. Photo: Canadian Press via AP
United States

Macroscope | Trump’s tariffs look set to backfire but that won’t stop him

While it’s hard to predict the outcome of US president-elect’s nationalist economic strategy, all signs point to self-inflicted damage.

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A woman shops at a store in Rosemead, California, in 2019 amid price hikes induced by the first Trump administration’s tariffs on China. Photo: AFP
US-China relations

Nominee to lead US treasury suggests possible restart of trade talks with China

Scott Bessent tells Senate Finance Committee confirmation hearing Donald Trump’s tariff policy is useful tool for leverage in negotiations.

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United States

Opinion | Trump’s plans could trigger liquidity crises across Europe and Asia

Inflationary pressure and a growing deficit would turn the US into a liquidity-sucking force.

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Canada

Carney, Freeland to duel for Trudeau’s job as ministers opt out

Both contenders are expected to declare their candidacy to lead the Liberal Party in the coming days.

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Canada’s Prime Minister Justin Trudeau. Photo: AP
Donald Trump

Mexico is not subordinate, Sheinbaum says as Trump prepares to take office

Sheinbaum said Mexico will keep US ties strong, respectful as Trump threatens action over illegal migration and drug trafficking.

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US-China relations

US national security adviser fears Trump might push some nations toward China

Jake Sullivan is concerned that future questions about US reliability will lead countries to say, ‘maybe we need to hedge with China’.

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Donald Trump

Canada’s leaders say Trump’s 51st state ‘joke’ isn’t funny any more

Finance Minister Dominic LeBlanc says the US president-elect’s comments are meant to undermine his country’s closest ally.

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Donald Trump smiles at an election night watch party in West Palm Beach, Florida, in November. Photo: AP
Donald Trump

Mexico’s president trolls Trump, suggests US be renamed ‘Mexican America’

Claudia Sheinbaum was responding to the US president-elect’s proposal to call the Gulf of Mexico the Gulf of America instead.

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Mexican President Claudia Sheinbaum speaks during a press conference at the National Palace in Mexico City on Wednesday. Photo: EPA-EFE
US-China relations

Trump may declare national emergency so he can impose tariff plan: US report

Such a move would allow the incoming US president to take control of imports and place new duties on countries like China, Canada and Mexico.

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US-China relations

Citing China, Trump won’t rule out military action over Panama Canal, Greenland

In extraordinary remarks, US president-elect also threatens Canada again with high tariffs as he proposes annexing it as 51st American state.

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Canada

Trudeau’s star power dimmed after weathering Covid pandemic and Trump

Justin Trudeau led for Canada nine years, but scandals and overexposure eroded his popularity.

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Justin Trudeau in 2015, two months before he was elected prime minister. File photo: AP
Canada

Trudeau to step down as PM; Trump repeats call for Canada-US merger

Justin Trudeau will resign as Liberal Party head but remain prime minister until new leader is chosen, months before legislative elections.

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Canada’s Prime Minister Justin Trudeau making his announcement. Photo: Reuters
Asean

Opinion | How Global South can resist US hegemony and its isolationism

Open engagement is key to countering both Donald Trump’s transactional nationalism and the US establishment’s drive for global hegemony.

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United States

Opinion | Trump’s threats won’t hold back Brics push to de-dollarise

US dominance is pervasive but not infallible, and a divided Brics can still find common ground in the pursuit of a multipolar global order.

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