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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.

last updated:

9 September, 2024

Canada’s Prime Minister Justin Trudeau (right) with Yukon Premier Ranj Pillai in Ottawa on December 3. Photo: Reuters

With Trudeau busy, Canada’s regional leaders court Trump to avert trade war

Yukon Premier Ranj Pillai met the US president-elect’s eldest son in North Carolina to share data on bilateral trade deficit.

25 Dec 2024 - 10:25AMvideocam

Canada’s Trudeau drops one-third of cabinet as his political future looks shaky

21 Dec 2024 - 4:08AM

Canada weighs export taxes on uranium and oil If Trump starts trade war

13 Dec 2024 - 5:28AMvideocam

China's economic recovery

How is China seeking to counterbalance trade tensions with US, EU?

Ministry of Commerce officials were active on a number of fronts early this week.

13 Dec 2024 - 8:44AMvideocam

The international container terminal at Yantai Port in Shandong province this month. Photo: Xinhua

Banking & finance

HSBC, IFC sign US$1 billion facility to support trade financing

Partnership will help trade finance get to where it is needed, fuelling a segment that is crucial to job creation and economic growth, lender says.

12 Dec 2024 - 8:00AM

US-China relations

Biden, touting his economic legacy, calls Trump’s tariff plans a ‘major mistake’

Defending his economic record, the departing US president warns that his successor will ‘return the country to trickle-down economics’.

11 Dec 2024 - 6:37AMvideocam

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The View | East Asia’s success shows regional integration key to global competitiveness

The experience of today’s successful economies underscores that competitive advantage emerges not from isolation but from strategic collaboration.

10 Dec 2024 - 4:30PMvideocam

Employees work at a metal company’s production line in a Thai-Chinese industrial zone in Rayong province, Thailand, on November 8, 2022. Photo: Xinhua

US-China trade war

Outside In | Trump’s destructive impact on world trade could take decades to unravel

The president-elect is doubling down on policies that did not serve the US well during his first term in the White House.

6 Dec 2024 - 4:30PMvideocam

US-China relations

Trump’s export controls hurting China could rankle US allies: analysts

Sanctions targeting Beijing’s hi-tech progress anticipated as report finds Washington has increasingly used such mechanisms in recent years.

6 Dec 2024 - 5:55AMvideocam

Opinion | Trump’s victory a reminder the ‘end of history’ remains far away

As countries respond to global crises and challenges to multilateralism, a new era has dawned that cannot be understood using old precepts.

5 Dec 2024 - 8:29AMvideocam

Illustration: Craig Stephens

Trump says Canada could be 51st US state. A Canadian minister says he was joking

The US president-elect made the remarks in jest during a dinner with PM Justin Trudeau, says Dominic LeBlanc, who was at the event.

4 Dec 2024 - 1:50PMvideocam

US president-elect Donald Trump posted an AI-generated image of himself standing on mountain with a Canadian flag next to him on Tuesday. Image: Truth Social/realDonaldTrump

US-China relations

Opinion | Why no country is safe from Trump’s pro-tariff agenda

Trump’s challenge to global trading norms fits with his agenda of undermining consensus and punishing US trading partners individually.

3 Dec 2024 - 8:30PMvideocam

Trump says Canada PM Trudeau pledged action on border after tariff threat

The two leaders spoke during a ‘productive’ three-hour dinner that also covered topics like China, Ukraine, fentanyl and the Middle East.

1 Dec 2024 - 3:15AMvideocam

Americas and the Caribbean

Mexico raids stores selling counterfeit Chinese goods, vows national crackdown

The operation comes soon after Trump’s tariff threat, and amid concerns that Chinese goods are flowing through Mexico to flood the US market.

30 Nov 2024 - 4:44AMvideocam

Members of the Mexican Navy keep watch outside the Mexico Mart shopping centre in Mexico City during an operation to seize Chinese counterfeit goods on Friday. Photo: Reuters

US-China relations

Opinion | Trump’s tariff obsession is no match for China’s growth model

While tariffs raise costs and disrupt trade, China’s approach fosters internal economic resilience and positions it as a leader in sustainable growth.

28 Nov 2024 - 8:30PMvideocam

Illustration: Craig Stephens

Banking & finance

‘Markets will equilibrate’ despite US tariffs, Standard Chartered CEO says

‘Globalisation is going forward. Trade remains enormously beneficial to the world, and everybody understands that,’ Winters says.

28 Nov 2024 - 5:01PM

Macroscope | Why Germany has more to fear from a second Trump term than China

A widening trade war would further destabilise Europe’s largest economy as it struggles with stagnation, declining exports and geopolitical tensions.

28 Nov 2024 - 6:28PMvideocam

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Canada considering retaliatory tariffs on US items following Trump threat

Canada mulls retaliatory tariffs on US goods as Trump threatens sweeping levies on Canadian products.

28 Nov 2024 - 10:34AMvideocam

Commercial trucks head towards the US Customs and Border Protection Pacific Highway Port of Entry from south Surrey, British Columbia, Canada, on Wednesday. Photo: Reuters

Trump picks Greer as trade chief, Hassett for National Economic Council

Both men will have direct sway over much of Trump’s economic agenda: imposing new tariffs and cutting taxes.

27 Nov 2024 - 10:55AM

Mexico’s Sheinbaum hints she could retaliate against Trump tariffs

Meanwhile, Canada’s Trudeau says he had a ‘good’ conversation with the US president-elect after the latter’s surprise tariff threat.

27 Nov 2024 - 11:55AMvideocam

US-China relations

Opinion | Exit America, enter China? How Beijing can benefit from an isolationist US

America’s abdication as the world’s sole superpower would open up a tremendous diplomatic and economic opportunity for China.

25 Nov 2024 - 5:57AMvideocam

Chinese President Xi Jinping arrives for a meeting with Peruvian President Dina Boluarte on November 14, at the Government Palace in Lima, ahead of the Apec summit. Photo: Zuma press wire/dpa

Opinion | With Trump 2.0, it will be every country for itself

Given Trump’s policy direction, the only conclusion for realists is that self-strengthening must be the main thrust in a fragmenting world order.

22 Nov 2024 - 8:30PMvideocam

Donald Trump at an election night watch party at the Palm Beach Convention Centre on November 6 in Florida. Photo: AP

Macroscope | China won’t be the only Asian economy in Trump’s sights

Expect trade tensions to intensify dramatically at a time when many Asian economies, including China, are relying on exports to boost growth.

21 Nov 2024 - 4:30PMvideocam

Macroscope | Trump’s tariff weapon may amount to little in a changed world

US-China decoupling and trade diversification across the Asia-Pacific mean Trump’s tariffs are no longer capable of mass destruction.

16 Nov 2024 - 4:30PMvideocam

Opinion | Pragmatic Southeast Asia will adapt to Trump’s ‘America first’ agenda

The region is already bracing itself for the reinstatement of a more transactional and nationalist policy agenda in the White House.

16 Nov 2024 - 5:58AMvideocam

Illustration: Craig Stephens

Opinion | Trump has solidified his power to reshape the US. How far will he go?

Trump’s ‘America first’ stance has led some to wonder if traditional American values still apply. The answer is crucial to shaping the US’ future.

15 Nov 2024 - 10:24AMvideocam

Donald Trump takes the stage for his rally at the Van Andel Arena in Grand Rapids, Michigan, on November 5. Photo: Getty Images via AFP

US presidential election 2024

Trump could send EU hurtling toward tariff war with US and China, Macron warns

The French president added that European countries risked being divided depending on their relative dependence on the US or Chinese market.

14 Nov 2024 - 6:06AMvideocam

Exclusive | Ex-WTO head says China-EU ‘united front’ can counter Trump trade curbs

Pascal Lamy has called for China and the EU to resolve their differences and defend global trade together in a second Trump term.

13 Nov 2024 - 12:43AMvideocam

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