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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.
Employees work at a buttermilk packaging plant in Gandhinagar, India, on August 7. US President Donald Trump has abruptly doubled tariffs on Indian goods. Photo: AP
India

Trump’s 50% tariff sows ‘total mistrust’ between US and India

Analysts say the US president’s move has little to do with economics and has injected unwanted ‘volatility’ into a once-stable relationship.

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United States

Wall Street drifts as global stock markets take Trump’s new tariffs in stride

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China trade

China exports jump ahead of new Trump tariff risks

US-India relations

Macroscope | Has India really become Trump’s top target in Asia?

India might be too close to Russia for Trump’s liking, but the challenges it poses to the US pale in comparison to those posed by China.

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Supporters of India’s main opposition Congress party burn an effigy of US President Donald Trump and Indian Prime Minister Narendra Modi during a protest against the Trump administration’s 25 per cent tariff on all Indian goods. Photo: Zuma Press Wire/dpa
South Korea

This cap unlocked US-South Korea trade talks, but it almost didn’t happen

Created through AI, the red golf hat was made in just a week at a small Seoul factory in time for the urgent trade negotiations.

United States

Trump hints at possible new China tariffs after imposing 25% levy on India

US president predicts ‘a lot more’ secondary sanctions stemming from continued purchases of Russian oil.

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US-China relations

Opinion | China’s rise is good for Asia. Here’s why

Beijing isn’t looking to usurp Washington’s hegemony, but its prominence does make it harder for American planners to take Asia for granted.

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China’s foreign minister Wang Yi attends the 15th East Asia Summit foreign ministers’ meeting in Kuala Lumpur, Malaysia, on July 11. Photo:: EPA
Bangladesh

Bangladesh’s garment sector gets a tariff break – but rivals still threaten

Firms from Bangladesh’s biggest export sector worry that they do not enjoy a major competitive advantage over rivals from Vietnam and India.

China-EU relations

Video | China-EU trade tensions

Trade relations between China and Europe are marred by unresolved issues, from tit-for-tat tariffs to EU concerns over Chinese dominance of rare earths supply.

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Japan

All talk, no paper: Japan’s US tariff deal hits a snag

A lack of clarity has left Japan’s crucial vehicle sector in limbo, with the political future of its embattled PM tied to the deal’s success.

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Japan’s Prime Minister Shigeru Ishiba in parliament on Monday. Photo: AFP
China-Russia relations

‘China is next in line’: after India, Trump tariff threats loom over Russian oil

Flow of oil between China and Russia essential for both countries; China unlikely to stop buying from biggest provider of crude: analysts.

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Employees in the Chinese province of Heilongjiang inspect equipment at a refinery that processes Russian crude oil. Photo: Getty Images
US-China trade war

As US’ effective tariff rate rises to 17%, analysts say China has an opportunity

Fitch Ratings updates its tariff-policy tracker after Washington’s decisions last week to hit most trading partners.

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European Union

EU suspends retaliatory tariffs on US goods, keeps reinstatement option

The move follows a deal with the Trump administration that will see EU exports face a 15 per cent tariff.

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Malaysia

Malaysia’s US tariff deal comes with a US$240 billion price tag

Analysts warn unfunded government commitments could drain state funds and far outstrip the country’s existing trade imbalance with the US.

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Malaysia will have to fork out as much as US$150 billion over five years to buy high-tech US products under the deal reached with Washington, on top of earlier pledges. Photo: Shutterstock
India

Trump threatens India with higher tariffs over Russian oil amid Ukraine war

Trump claims India is buying Russian oil and reselling it for profit, disregarding the Ukraine conflict.

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US President Donald Trump accuses India of profiting amid the Ukraine crisis. Photo: TNS
Singapore

Singapore eyes economic restructuring to counter global trade tensions

The city state launched a broad economic review to tackle competitiveness, and AI, as authorities warn of a looming slowdown from US tariffs.

China shipbuilding

Trump’s China shipyard challenge gets Korea boost

South Korea’s promise to invest US$150 billion in US shipbuilding may help sap China’s dominance of the sector, even amid limited prospects for a renaissance at American yards.

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United States

Wall Street falls the most since May on Trump tariff news and weak US job data

Treasury yields also fell sharply, amid fears of a weakening economy and uncertainty from the US president’s trade policy.

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epa12277413 The New York Stock Exchange (NYSE) building in New York, New York, USA, 01 August 2025. US and global markets are down following US President Trump’s sweeping tariff hikes on dozens of countries. EPA/ANGELINA KATSANIS
Asean

Opinion | AI won’t provide the answer to today’s geoeconomic puzzles

No algorithm can predict how the clash of civilisations and economies on a global scale will unfold.

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US-China trade war

China rebukes protectionism after US tariff barrage, warns it will harm everyone

Analysts weigh in on the impact of Washington’s new tariffs on 69 trade partners, but ‘plenty of questions unanswered’.

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Cambodia

Cambodia to nominate Trump for Nobel Peace Prize

It was a call by Trump last week that broke a deadlock in efforts to end the heaviest fighting between Thailand and Cambodia in over a decade.

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It was a call by Trump last week that broke a deadlock in efforts to end the heaviest fighting between Thailand and Cambodia in over a decade. Photo: EPA
Indonesia

Garuda Indonesia’s Boeing jets deal: a win-win or political trade-off?

The deal has come under scrutiny given Boeing’s safety reputation, even as Garuda insists it is part of strategic plans to expand its fleet.

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A worker closes a door of a Garuda Indonesia Boeing plane with a new face mask design. Garuda Indonesia, the country’s state-owned airline, is emerging from near-bankruptcy. Photo: AFP
US-China trade war

US tariffs order | Politburo call on economy | June exports

This week: Trump’s tariffs to go live on August 7, Politburo’s rallying call on Chinese economy, PLA celebrates anniversary. Next week: June trade data, China’s EV evolution, SCMP webinar on open-source AI and more.

Malaysia

A win for ‘sovereign rights’? Malaysia agrees 19% tariff deal with Trump

Malaysia’s trade ministry said the tariff rate was a ‘positive outcome’, achieved without compromising on the nation’s key policies.

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China shipbuilding

Video | US, South Korea strike 15% tariff deal with $350 billion in investments

South Korea pledges $150 billion to help US restore its shipbuilding industry
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United States

Video | Trump unleashes new global tariff blitz

Canada, Brazil hardest hit as Trump unleashes new global tariff blitz
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Donald Trump

Trump’s latest global tariff blitz hits Brazil, Switzerland and Canada the most

US president signs executive order for duties on 69 trading partners, with most effective August 7.

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China shipbuilding

Behind Trump’s South Korea deal, a plan to transform global shipbuilding

South Korea has pledged US$150 billion to help the US rebuild its shipbuilding industry – and compete with China.

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