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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.
Medicines produced in Kolkata, India. US President Donald Trump has promised to impose hefty import taxes on pharmaceuticals. Photo: AFP
Medicine

Trump plans hefty tax on imported drugs, risking higher US prices and shortages

US move is part of a wider effort to secure critical medical supply chains and reduce reliance on countries like China and India.

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United States

Trump claims India offered zero tariffs on US goods, slams ‘one-sided’ ties

SCO

As US sanctions take toll, Xi Jinping presses SCO to target ‘bullying’

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SCO

India signals no oil import cut from Russia, ‘eagerly’ awaits Putin visit

‘1.4 billion Indians are eagerly waiting for you,’ India’s Narendra Modi tells Vladimir Putin during ‘excellent’ meeting on SCO sidelines.

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Indian Prime Minister Narendra Modi and Russian President Vladimir Putin leave together for the venue of their bilateral meeting after attending the Shanghai Cooperation Organisation summit in Tianjin, China. Photo: X/narendramodi/AFP
India

India’s ‘dead economy’ growth hailed, but Trump’s tariffs pose risks

While the 7.8 per cent first-quarter growth is a positive sign, experts warn the impact of US tariffs could be felt later in the year.

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SCO

Anti-Trump unity may fail to create SCO harmony

China is hosting Russia, India and other SCO members at the group’s annual summit amid the challenge of turning unified opposition to US tariffs into positive support for closer cooperation.

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China-India relations

Xi to Modi: don’t let the border dispute define China-India relations

The two countries are partners, not rivals, Chinese president says as US threats present the chance for a reset between the Asian giants.

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Chinese President Xi Jinping meets Indian Prime Minister Narendra Modi in Tianjin on Sunday. Photo: Handout via AP
United States

US trade allies ‘confused’ after Trump’s tariffs suffer legal setback

It is unclear exactly where the case goes from here as Washington faces potential refunds and diplomatic fallout.

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Hong Kong economy

Opinion | Never mind Trump’s trade war. Hong Kong is pulling ahead

Amid the global turmoil and underlying uncertainty, Hong Kong has stood out as an oasis of certainty.

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India

India won’t ‘bow down’ to crippling 50% US tariff, trade minister says

India says it intends to ‘capture new markets’ to offset the sky-high tariff Trump imposed as punishment for buying Russian oil.

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Indian activists burn an effigy of US President Donald Trump earlier this month to protest against tariff increases. Photo: AFP
China-India relations

Analysis | China and India: love in the time of cholera

A ‘dragon-elephant tango’ may help lift the gloom of Trump’s tariffs, but will it cure the malady of Sino-Indian relations?

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Indian Prime Minister Narendra Modi talks to Chinese President Xi Jinping during a Brics summit in Goa in 2016. Photo: AP
US-China trade war

Trump’s tariffs illegal, US appeal court rules, in blow to trade war strategy

Full court rules president’s claim of emergency is not enough to invoke law that permits bypassing Congress; case heads to Supreme Court.

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China-EU relations

EU readies new economic battle plan but leaves its old guns holstered

Top trade officials break ranks to admit the bloc cannot match the US and China in structures for economic security.

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Donald Trump

Opinion | Trump’s tariff merry-go-round is destroying global trade. What next?

Submitting to Trump’s deals, Western allies have ceded their position as defenders of multilateral trade. The world needs new alternatives.

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Illustration: Craig Stephens
United States

India to seek new trade partners, US deal in face of new Trump tariffs

New Delhi launches effort for new trade route around US, with potential partners including China, Russia, Brazil.

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Indian Prime Minister Narendra Modi meets with visiting Chinese Foreign Minister Wang Yi in New Delhi on August 19. Photo: Xinhua
US-China trade war

Why Trump’s furniture tariffs could complicate efforts to reassemble China trade

‘Furniture is not like electronics,’ one analyst warns. ‘You cannot ship in bits and parts and screw it together in North America’.

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India

India’s exporters face ‘strategic shock’ as US tariffs over Russian oil kick in

The 50 per cent tariffs will hurt India’s textiles, jewellery, and seafood sectors, leading some exporters to stop production.

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Malaysia

Malaysia to host Asia’s trade bloc RCEP in October

The summit is being billed as a chance for Asia’s economies to ‘lead the cause of openness’ and seek greater trade to offset US tariffs.

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Malaysia’s Prime Minister Anwar Ibrahim delivers a speech at the Asean Secretariat in Jakarta on July 29. Photo: AFP
Donald Trump

EU urged to unleash ‘trade bazooka’ in response to Trump’s tariff threats

Bloc’s defence of its digital policies aimed at protecting online users could see an unprecedented invocation of the anti-coercion tool.

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US-China relations

Opinion | US trade deal leaves EU as the sidekick in Trump’s China policy

The agreement eliminates Brussels’ influence over Washington and Beijing, reducing the EU to a transmission belt for American policy.

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South Korea

The ‘write’ stuff: Trump’s pen praise sends South Korean stock soaring

Monami shares rose almost 30 per cent after Trump admired President Lee Jae-myung’s writing instrument, despite confusion over its true maker.

US President Donald Trump (right) looks at a handcrafted wood pen as South Korean President Lee Jae Myung signs a guest book before entering the Oval Office on Monday. Photo: Yonhap/AFP
South Korea

Trump tests South Korea’s Lee by demanding ownership of US military base land

The lack of a joint statement after Lee’s summit with Trump highlights unresolved issues between the two allies, analysts say.

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US President Donald Trump (left) welcomes South Korean President Lee Jae-myung to the White House on Monday. Photo: Xinhua
China-India relations

Opinion | How Modi’s visit to China can reshape Asia’s future

To build on their new-found consensus, both powers must not only set shared goals but also wisely manage challenges.

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Aviation

Even as passenger numbers stay firm, Asia-Pacific airlines may face headwinds

It’s flying high for now, but how long can the region’s air travel industry withstand the storm of a global trade war?

SCO

Opinion | Beijing expands its influence in Eurasia as Trump triggers geopolitical shifts

While US policies are pushing China, Russia and India closer to each other, Eurasia is still marked by differences and contradictions.

Chinese Foreign Minister Wang Yi shakes hands with Indian Foreign Minister S. Jaishankar in New Delhi, India on August 18, ahead of the Indian prime minister’s first visit to China in seven years. Photo: Indian Foreign Ministry via AP
South Korea

Trump, South Korea’s Lee stress common ground in White House meeting

‘We love a lot of things that they make, and they love what we have,’ says US president, asserting that a joint energy venture was forthcoming.

South Korean President Lee Jae-myung, left, and US President Donald Trump during a meeting in the Oval Office of the White House on Monday. Photo: EPA
US-China relations

Trump-Lee meeting shows limits to China’s Asia wooing

South Korean President Lee Jae-myung is set to meet Donald Trump, straight after a trip to Japan, demonstrating that China has so far failed to weaken relations between the US and two key Asian allies.

Diplomacy

Opinion | China’s trade charm offensive falls on deaf ears among US security allies

Centuries of shared identity, security integration and cultural allegiance bind these nations irreversibly to the US strategic architecture.

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