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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.
Workers at a garment factory in Dhamrai, near Dhaka, Bangladesh. Textile and garment production accounts for about 80 per cent of the nation’s exports. Photo: AP
Bangladesh

Bangladesh pleads for tariff pause as US buyers freeze garment orders

Facing a 37 per cent tariff, the world’s second-largest garment producer wants a three-month delay as US firms slam the brakes on shipments.

Donald Trump

‘We’re not as good at making all things’: Musk’s brother rebukes US tariffs

Japan

Japan moves to front of queue for tariff talks with US

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China-EU relations

Opinion | If the EU adopts a ‘US plus one’ strategy, Hong Kong has a role to play

Hong Kong can lean into its role as a superconnector and help boost cooperation between European countries and China.

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Illustration: Craig Stephens
China-EU relations

EU frets over flood of Chinese imports as Trump stokes tariff war

Advocates for easier trade with Beijing, including Spain, face off against Poland and others backing protections against Chinese imports.

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United States

Trump adviser dismisses Elon Musk as ‘car assembler’ after tariff comments

Peter Navarro’s remarks are the latest salvo in a growing feud between the Trump advisers.

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US-China trade war

Trump threatens China with added 50% tariffs if Beijing does not drop levies

As US president aims at China for responding with tariffs of its own and dismisses global market jitters, some on Wall Street voice concern.

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US President Donald Trump, seen on Sunday, has threatened China with more tariffs after Beijing imposed its own levies on US goods in the rapidly escalating trade war. Photo: AFP
US-China trade war

China’s retaliatory tariffs on US show Beijing has adapted since 2018: analysts

But global supply chains could face ‘significant damage’ that no country is fully protected against, the more a trade war drags out and intensifies.

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United States

Stocks are making wild swings as markets assess damage from Trump’s trade war

Trump’s tariff blitz fulfilled major campaign promise as he acted without Congress to redraw rules of the international trading system.

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Thailand

Thailand stock exchange bans short selling amid Trump tariff fallout

Thailand was hit by a tariff of 36 per cent, among the highest rates in the region, and its trade surplus with the US totalled US$45 billion last year.

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A Thai investor looks at an electronic display of share prices in Bangkok. Thailand has banned short selling to stabilise the stock market following US tariffs. Photo: AFP
US-China trade war

Beijing tells Tesla, GE Healthcare to blame Washington for ‘tariff tensions’

‘Tariff tensions originate from Washington, and we encourage US businesses to address root causes,’ China’s vice-minister of commerce says in latest round-table chat.

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Chinese Vice-Minister of Commerce Ling Ji, seen here earlier this month, met representatives of American multinational firms on Sunday. Photo: EPA-EFE
Singapore

‘It’s not good news’: Singapore’s leaders warn over Trump tariff bombshell

PM Lawrence Wong warned of a rising global trade war threat, as his predecessor Lee Hsien Loong predicted long-term tariff fallout.

Cryptocurrency

Bitcoin, ether rout extends as tariff war pain batters cryptocurrency assets

Cryptocurrency investors appear to be in full ‘sell mode’, according BTC Markets analyst Charlie Sherry.

United States

Ukraine ceasefire talks trump tariffs on Russia, US official says

Tariffs on Russia would have been inappropriate, a US economic adviser said – despite its exports to the United States dwarfing Ukraine’s.

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A combination photo shows Russian President Vladimir Putin and US President Donald Trump. Photo: AFP
Malaysia

Malaysia’s Anwar vows Asean-wide challenge to Trump’s tariff wall

The Malaysian PM said he had spoken about a collective response to US tariffs with his counterparts from both Vietnam and Indonesia.

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Malaysian Prime Minister Anwar Ibrahim speaks at the South China Morning Post’s China Conference Southeast Asia in Kuala Lumpur in February. Photo: Nora Tam
Hong Kong stock market

Asia-Pacific stocks plunge as traders rush for the exit in global tariff war

Eleven major Asia-Pacific benchmarks fall to their 52-week low; the Hang Seng China Enterprises Index enters a bear market.

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United States

Market panic mounts as world scrambles to temper Trump tariffs

US oil prices dropped below US$60 a barrel for the first time since April 2021, even with countries seeking compromise on tariffs.

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US-China trade war

Opinion | Trump’s tariffs offer China an opportunity riding a dangerous wind

The US president’s moves could serve as a catalyst for China to increase domestic stimulus and forge closer ties with its major trading partners.

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Illustration: Craig Stephens
Indonesia

Indonesia will not retaliate against Trump tariff, minister says

Chief Economic Minister Airlangga Hartarto said that Indonesia would pursue diplomacy and negotiations to find mutually beneficial solutions.

European Union

EU hits back at Trump’s trade war with US$28 billion in planned tariffs

The EU’s retaliatory tariffs will hit US products including meat, wine and clothing as well as chewing gum, vacuum cleaners and toilet paper.

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United States

Farmers backed Trump’s re-election. Now they feel the sting of his tariffs

With all trading partners now targeted, ‘anxious’ growers are likely to have a harder time finding new markets.

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The tariffs mean businesses pay more to import US products, hurting American farmers’ competitiveness. Photo: AP
Britain

UK PM Starmer ready to ‘shelter’ businesses from Trump tariff storm

The prime minister says the priority is to get a deal with the US, but state intervention for the worst-hit industries is also on the table.

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British Prime Minister Keir Starmer is seen at Downing Street in London on Friday. Photo: Reuters
Donald Trump

Trump doubles down on tariffs, says China ‘hit much harder’ than US

The US president told Americans to ‘hang tough’, warning them of pain ahead but promising that the United States would ‘win’.

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Israel

Netanyahu to discuss tariffs with Trump in Washington visit

Unspecified Israeli goods exported to the US will face a 17 per cent tariff, despite Israel’s move to cancel its tariffs on US imports.

Canada

Tariffs bring turmoil to US, Canada farm machinery manufacturers

With farm machine purchases negotiated months or up to a year or more in advance, the risk of tariffs makes new equipment too costly.

Farmers look at new machinery at a farm show in Regina, Saskatchewan, Canada, on March 19. Photo: Reuters
Diplomacy

Macroscope | Trump could end up making Asia, not America, great again

The US’ presence in Asia is entrenched but the prospect of a Europe-East Asia economic alliance is one card both regions could play.

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European Commissioner for Trade and Economic Security Maros Sefcovic meets Chinese Vice-Premier He Lifeng in Beijing, China, on March 27. Photo: EPA-EFE/Xinhua
United States

Analysis | From Trump to the Great Depression, did tariffs ever truly help the US economy?

Tariffs, like Trump’s, have a chequered past, with experts suggesting access to resources and labour are key to growth, not levies.

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Commodities

Will the free-falling oil price reorder the world’s energy landscape?

Brent crude, the global benchmark, tumbled 13 per cent through Thursday and Friday to just over US$66 a barrel.

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