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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.
Chinese President Xi Jinping talks with US President Donald Trump at the Zhongnanhai compound during their summit in Beijing in May. They are set to meet again in Washington in September. Photo: AP Photo
US-China trade war

Exclusive | US-China ‘Board of Investment’ stalls before expected Trump-Xi meeting

President of US-China Business Council says neither side has ‘initiated consultation process’ or is ready yet for private sector discussions.

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India

Trump’s tariffs plan threatens India’s ‘pharmacy of the world’ status

US-China trade war

US export controls achieving no strategic gain, hurting American firms: survey

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US-China trade war

China’s retaliation against US shows depth of its trade war strategy: analysts

Beijing’s latest export controls and sanctions against American companies show its ‘countermeasures framework and toolkit have come of age’.

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China has broadened its economic strategy, introducing a growing array of legal, regulatory, and trade measures to respond more forcefully to US sanctions. Photo: Shutterstock
China-Latin America relations

Brazil to become regular borrower in China, treasury official says

Brasilia cannot guarantee debut will happen this year, but wants it repeated to give companies a yuan benchmark to aim for.

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US-China trade war

Strong as steel: Trump tariffs spark a US production increase

US steel production rose 7 per cent year on year through July, with the country rising to be the world’s third-largest producer in 2025.

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Donald Trump

Democratic-led US states sue Trump over latest round of global tariffs

Coalition of 25 states claims president exceeded legal authority in imposing duties on 60 trading partners.

An American flag hangs from a crane at Port Liberty in Bayonne, New Jersey. US President Donald Trump slapped sweeping new tariffs on dozens of trading partners. Photo: AFP
China-Latin America relations

Chile’s Kast courts China day after US hits exports with forced labour tariff

Chilean president, who campaigned on aligning Chile with Trump, meets Beijing delegation as his party claims Washington cannot be trusted.

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US-China relations

Trump nominee vows to sharpen US media challenge to China

Sarah Rogers says Asia would remain a priority for US-funded broadcasters, despite continuing turmoil and reduced operations at the agency.

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India

Washington offers India a tariff olive branch – for now

New Delhi avoided a higher tariff rate via a timely policy change, but US demands and Russian oil friction leave a trade deal in limbo.

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US President Donald Trump and Indian Prime Minister Narendra Modi shake hands at the White House in February last year. Photo: Getty Images/AFP
US-China relations

US congressional group plans annual visits to China after trade trip

The fact-finding mission by members of a congressional advisory body to Beijing, Shanghai and Hangzhou was the first of its kind since 2019.

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A US congressional advisory panel focused on China has returned from their trip. Photo: Shutterstock
China-Latin America relations

Brazil turns to China trade deal after Trump tariffs, as years of resistance end

Xi and Lula agree to fast track Mercosur trade talks, endorsing a deal Brasilia fought to bury when Uruguay first proposed it.

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Canada

New US-Canada bridge opens as trade tensions test ties

Canadian-funded Gordie Howe Bridge to Detroit aims to ease trade bottlenecks as tariff row bites.

Malaysia

Why Malaysia’s 10% US tariff advantage may be short lived

Malaysia’s lower rate hinges on promised forced-labour reforms, even as an overcapacity investigation threatens higher levies.

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US President Donald Trump and Malaysian Prime Minister Anwar Ibrahim hold up trade deal documents during a meeting in Kuala Lumpur in October. Photo: Reuters
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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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
Donald Trump

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

The lawsuit argues that the US president is trying to reimpose duties that were already ruled illegal by the Supreme Court.

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Donald Trump

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

The threats come on the heels of the US president’s decision to impose duties of at least 10 per cent on goods from around 60 nations.

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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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Brazilian Foreign Minister Mauro Vieira (centre, left) and Chinese Foreign Minister Wang Yi (centre, right) meet on the sidelines of the Asean foreign ministers' meeting in Manila, the Philippines, on Thursday. Photo: Xinhua
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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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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Imported soybeans from Brazil are seen in a cargo vessel at a port in Yantai, China. China’s Brazilian soybean imports are up by 13.7 per cent in June compared to a year earlier. Photo: AFP
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.

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