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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
Immigrants from India walk next to the Trump-built US-Mexico border fence after crossing into Arizona on Sunday. Photo: AFP
India

India set to take back 18,000 citizens from US to placate Trump

In return, New Delhi hopes student and H-1B visas – a large proportion of which go to Indian citizens – will be protected.

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Donald Trump

Taiwan’s Compal, Inventec mull US expansion to counter Trump tariffs

Malaysia

Trump’s tariffs threaten Malaysia’s chip sector, may stoke inflation: minister

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Donald Trump

Canada vows ‘Trump tax’ on US in hard-hitting response to tariffs

Foreign Minister Joly says the country is ready to apply ‘maximum pressure’ in what would be the biggest trade war with the US in decades.

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Canada’s Minister of Foreign Affairs Melanie Joly responds to a question during a news conference in Ottawa in November. Photo: Canadian Press via AP
United States

Macroscope | Trump’s tariffs look set to backfire but that won’t stop him

While it’s hard to predict the outcome of US president-elect’s nationalist economic strategy, all signs point to self-inflicted damage.

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US-China relations

Nominee to lead US treasury suggests possible restart of trade talks with China

Scott Bessent tells Senate Finance Committee confirmation hearing Donald Trump’s tariff policy is useful tool for leverage in negotiations.

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United States

Opinion | Trump’s plans could trigger liquidity crises across Europe and Asia

Inflationary pressure and a growing deficit would turn the US into a liquidity-sucking force.

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US president-elect Donald Trump at a news conference at Mar-a-Lago, Palm Beach, Florida, on January 7. Photo: AP
Canada

Carney, Freeland to duel for Trudeau’s job as ministers opt out

Both contenders are expected to declare their candidacy to lead the Liberal Party in the coming days.

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Donald Trump

Mexico is not subordinate, Sheinbaum says as Trump prepares to take office

Sheinbaum said Mexico will keep US ties strong, respectful as Trump threatens action over illegal migration and drug trafficking.

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US-China relations

US national security adviser fears Trump might push some nations toward China

Jake Sullivan is concerned that future questions about US reliability will lead countries to say, ‘maybe we need to hedge with China’.

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Jake Sullivan has been the national security adviser for US President Joe Biden. Photo: Reuters
Donald Trump

Canada’s leaders say Trump’s 51st state ‘joke’ isn’t funny any more

Finance Minister Dominic LeBlanc says the US president-elect’s comments are meant to undermine his country’s closest ally.

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Donald Trump smiles at an election night watch party in West Palm Beach, Florida, in November. Photo: AP
Donald Trump

Mexico’s president trolls Trump, suggests US be renamed ‘Mexican America’

Claudia Sheinbaum was responding to the US president-elect’s proposal to call the Gulf of Mexico the Gulf of America instead.

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US-China relations

Trump may declare national emergency so he can impose tariff plan: US report

Such a move would allow the incoming US president to take control of imports and place new duties on countries like China, Canada and Mexico.

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US-China relations

Citing China, Trump won’t rule out military action over Panama Canal, Greenland

In extraordinary remarks, US president-elect also threatens Canada again with high tariffs as he proposes annexing it as 51st American state.

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US president-elect Donald Trump speaks during a press conference at his private residence Mar-a-Lago in Florida on Tuesday. Photo: AP
Canada

Trudeau’s star power dimmed after weathering Covid pandemic and Trump

Justin Trudeau led for Canada nine years, but scandals and overexposure eroded his popularity.

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Justin Trudeau in 2015, two months before he was elected prime minister. File photo: AP
Canada

Trudeau to step down as PM; Trump repeats call for Canada-US merger

Justin Trudeau will resign as Liberal Party head but remain prime minister until new leader is chosen, months before legislative elections.

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Asean

Opinion | How Global South can resist US hegemony and its isolationism

Open engagement is key to countering both Donald Trump’s transactional nationalism and the US establishment’s drive for global hegemony.

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United States

Opinion | Trump’s threats won’t hold back Brics push to de-dollarise

US dominance is pervasive but not infallible, and a divided Brics can still find common ground in the pursuit of a multipolar global order.

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Illustration: Craig Stephens
Canada

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.

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Canada

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

Meanwhile, the NDP’s Jagmeet Singh, whose party has been keeping the PM in power, says he will vote to bring down the Trudeau government.

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Donald Trump

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

Such levies would be a last resort for Trudeau’s government, coming after retaliatory duties on US-made goods.

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US President Donald Trump greets Canadian Prime Minister Justin Trudeau upon his arrival at the White House in June 2019. Photo: AP
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.

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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.

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’.

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Trade

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.

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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.

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US president-elect Donald Trump gestures while speaking during a meeting with House Republicans at the Hyatt Regency hotel in Washington on November 13. Photo: AFP
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.

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Diplomacy

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.

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