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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.
An American Flag hangs from a crane at Port Liberty in Bayonne, New Jersey, on Friday. US President Donald Trump has slapped new tariffs on 60 trading partners. Photo: AFP
Asean

Why new US tariffs threaten Trump government’s credibility in Asean

The additional duties come just a day after Marco Rubio tells Southeast Asian foreign ministers that the US is ‘with Asean 100 per cent’.

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Donald Trump

US small businesses sue Trump administration over new ‘forced labour’ tariffs

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Donald Trump

Trump vows fresh tariffs on EU in retaliation for US$1 billion Google fine

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United States

Outside In | Why Donald Trump may regret reheating his global trade war

Over the coming months, efforts to China-proof supply chains are likely to drive US foreign policy. Success, however, is unlikely to follow.

US Trade Representative Jamieson Greer departs following a Senate Finance Committee hearing on July 22, in Washington. Photo: Getty Images via AFP
US-China trade war

Trump’s new tariffs, stock market intervention, mega IPOs

This week: Trump levies new tariffs against 60 US trading partners, China’s ‘national team’ investors prop up tumbling stock market, and Bessent threatens sanctions against Chinese AI developers. Next week: CXMT debuts in Shanghai followed by Zhongji Innolight in Hong Kong after blockbuster IPOs, China’s Politburo likely to discuss economy, ChinaJoy draws gamers in Shanghai, and more.

US-China relations

Open Questions | Nobel economist on anti-China, anti-science US, AI’s risks

MIT’s Simon Johnson, former IMF chief economist, on Trump’s wrong turns, including tariffs, the AI threat to Chinese jobs and the chances of a global recession.

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US-China trade war

Liberation Day 2.0? US slaps fresh wave of tariffs on China, 50-plus economies

‘Forced labour’ duties replace Trump administration’s original sweeping levies but are unlikely to generate the same level of global shock.

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US President Donald Trump at a rally in Georgia on Wednesday, before the administration’s tariff announcement. Photo: AP
China-Latin America relations

China vows to defend Brazil’s sovereignty as Trump’s 25% tariff bites

Wang Yi tells Brazilian foreign minister Beijing backs Brazil’s sovereignty, and asks for support on ‘China’s own core interests’ in return.

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European Union

EU fines Google US$1 billion, risking US fury

The fines are the biggest in total against one company under the competition law known as the Digital Markets Act.

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China’s private sector

What would 200% US tariffs on generic drugs mean for China’s pharmaceutical industry?

Analysts say that China’s pivot from generics to innovative drugs means the industry is less exposed to US levies.

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A production line of capsule package. Photo: Getty Images
Canada

Canadian provinces defy Trump’s tariff threat, keep US alcohol bans

Some provinces have pulled US wine and spirits from government-operated stores, costing American booze-makers millions of dollars in sales.

A banner reading “Buy Canadian”, in response to US President Donald Trump’s tariffs on goods from Canada, is held aloft by a pair of hockey sticks in front of a house in Winnipeg, Manitoba, in March 2025. Photo: Reuters
China-Latin America relations

Brazil widens lead over US in China’s soybean market despite Trump-Xi deal

China’s Brazilian soybean imports up 13.7 per cent in June compared to a year earlier; US figures fell 20.6 per cent over the same period.

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Donald Trump

Trump orders new 50% tariff on many Canadian goods, escalating trade war

Ottawa says new duties violate USMCA as Trump uses untested 1930 law to hit Canadian imports.

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European Union

France and Germany reach nuclear deal as Europe builds up defences

France is the only nuclear power in the 27-member EU, while Germany plans to build Europe’s strongest conventional military by 2039.

German Chancellor Friedrich Merz (right) and French President Emmanuel Macron after the 26th Franco-German Ministerial Council at Augustusburg Palace in Bruehl, Germany, on Friday. Photo: EPA-EFE
Donald Trump

Trump blames Canada for wildfire smoke, says he’ll add cost to tariffs

Smoke from Canadian fires has enveloped a swathe of the US, raising questions about conditions for Sunday’s World Cup final in New Jersey.

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The sun rises next to The Empire State Building through a cover of wildfire smoke on Friday. Photo: Reuters
China trade

Giant Japanese trade group plans China visit amid tense economic ties

Delegation from prominent Japanese organisation seeks October talks in Beijing and Xian to repair business partnerships after geopolitical disputes snarled exchanges.

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China trade

China headed for US$1 trillion trade surplus as exports soar

Torrid pace of export growth in June, fuelled by global AI boom, keeps country on track for another huge surplus despite Iran war headwinds and big rise in imports.

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New Zealand

New Zealand-India trade, defence pact celebrated despite criticism

Anti-immigration members of Prime Minister Christopher Luxon’s coalition and anti-Modi members of the Indian diaspora opposed the deal.

India’s Prime Minister Narendra Modi (left) and New Zealand’s Prime Minister Christopher Luxon on Saturday. Photo: AFP
US-China trade war

Did Trump’s tariffs paint the US into an economic corner?

The US and China have secured a fragile truce, but analysts warn Washington’s protectionist pivot marks a structural shift likely to last.

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China-Latin America relations

A year into Trump’s tariffs, Brazil trades less with US and more with China

Trading report lands as USTR weighs extra 25 per cent levy and Flavio Bolsonaro tells hearing that Lula ‘licks China’s boots’.

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Spain

Spain plays down Trump’s trade embargo threat, saying there is ‘no tension’

US president threatened to cut off trade with Spain over its defence policy, but Madrid says relations are ‘calm’ and ‘positive’.

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US President Donald Trump (right) looks at Spanish Prime Minister Pedro Sanchez during a working session at the Nato leaders’ meeting in Ankara. Photo: dpa
United States

Trump still ‘disappointed’ with Nato, says US should control Greenland at summit

US president says he has ‘very good relationship’ with ‘loyal’ Turkey and is weighing up selling F-35 fighter jets to them.

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US President Donald Trump meets with Turkish President Recep Tayyip Erdogan at the start of the Nato summit in Ankara, Turkey, on Tuesday. Photo: AP
China-EU relations

Opinion | Europe could prosper as China’s trade ally rather than adversary

Europe missed its chance to make trade with China a win-win for both sides. It’s now opting for a trade war it’s unlikely to win altogether.

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Canada

Canada picks German firm for new sub fleet deal, likely strengthening Nato ties

German firm TKMS beats Hanwha Ocean of South Korea to Canadian submarine agreement in a move expected to strengthen ties with Nato.

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US-EU relations

US at 250: has Europe learned to survive Trump’s America?

The transatlantic alliance has become unpredictable and even hostile, and many are wondering how much road it has left to run.

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Donald Trump has intensified his push to take over the Danish territory of Greenland. Photo: Xinhua
US-China relations

Don’t assume US decline will lead to its fall, warns Chinese scholar

Factors such as the US dollar and its lead in emerging technologies mean the US will be hard to supplant, academic Zheng Yongnian warns.

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The US is celebrating its 250th anniversary. Photo: AFP
US-China relations

Which Trump will show up at Nato summit? Odds are it will be the fuming one

US president’s impatience and distrust of multilateral groupings has Nato’s 31 other members walking on eggshells before next week’s key meeting.

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US-China relations

Alibaba to pay US$600 million to settle US probe into illegal product sales

Amount resolves dispute with US government over allegations firm sold and imported illegal pharmaceuticals and controlled substances into US.

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