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US-China trade war

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US-China trade war
Breaking news and analysis on the US-China trade war, its history and timeline, and the impact on the global economy.
Hong Kong imported US$415 million of beef and beef products from the US in 2023. Photo: Rosewood Hong Kong
Food and Drinks

How will Hong Kong restaurants and bars react to huge tariffs on US goods?

With US$1.7 billion of US food and agricultural exports to Hong Kong in 2023, restaurant and bar owners give their reactions to new tariffs.

Xi Jinping arrives in Vietnam to boost political, trade ties amid US tariffs

Malaysia

Malaysia to host China’s Xi as Asean seeks shelter from Trump tariff storm

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China trade

China chip exports keep rising as US ‘national security’ review looms

Details on the semiconductor tariffs are expected to be announced this week, according to Trump, and electronics goods will be included.

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US Commerce Secretary Howard Lutnick has said electronic goods will be included in upcoming semiconductor tariffs, which will come in a month or two. Photo: AP
Banking & finance

Battered dollar drifts lower on tariff nerves

Investor confidence in the world’s reserve currency in question following stream of tariff pronouncements from US President Donald Trump.

Banking & finance

US Treasury market sees historic yield curve steepening amid Trump’s trade war

Investors demanding higher yield to own 30-year Treasuries over two-year maturities has increased for nine straight weeks.

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SCMP Highlights

Trump’s tariff exemption for tech, Asia’s best restaurant: 5 weekend reads

From a possible meeting between Xi, Kim and Putin to a flavour face-off in Singapore, here are five stories you may have missed over the weekend.

A woman poses with her smartphone displaying the @realdonaldtrump TikTok page, in Washington, US, on January 19. Photo: Reuters
Singapore

Singapore braces for US-China trade war fallout with growth outlook downgrade

Is zero growth on the horizon? Singapore now fears its trade-reliant economy might flatline amid US tariffs and the trade war.

United States

Letters | If the US wants to protect rule of law, start with its own backyard

Readers discuss the Trump administration’s sanctions on Hong Kong officials, Hong Kong’s embrace of DEI measures, and China’s economic challenge.

China exports

‘Final hurrah’: China’s exports up 12.4% in March amid pre-tariff rush

Trade figures reflect resilience of export machine and rapid reorientation of shipments as uncertainty swirls over eventual scope and impact of tariffs.

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China’s exports remained resilient in March despite new tariffs from US President Donald Trump. Photo: Xinhua
US-China decoupling

‘It’s so arbitrary’: China’s tech firms bewildered by US tariff flip-flops

The exemptions only cover a small slice of China’s vast electronics supply chain, and Trump’s ‘sectoral tariffs’ add fresh uncertainty.

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US President Donald Trump has thrown US-China trade into further uncertainty by stating his tariff exemptions will not let Chinese electronics firms “off the hook”. Photo: Reuters
Donald Trump

No country ‘off the hook’ on US tariffs, Trump warns

Meanwhile, the US president’s trade representative told reporters ‘we don’t have any plans’ for talks with China’s Xi Jinping.

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Hong Kong politics

Opinion | How Hong Kong’s leader could have better reassured a city anxious about tariffs

Lee must reassure Hongkongers and the world more convincingly that the city can and will make it through the prevailing uncertainty.

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Hong Kong economy

Hong Kong exporters warned against evading US tariffs on small parcels

Local industry leaders say firms that ship goods via illegal transshipment or parallel imports will likely face prosecution and tarnish city’s image.

Parcels being sorted at the General Post Office in Central. US President Donald Trump has further raised tariffs on small parcels sent to the United States from mainland China and Hong Kong to 120 per cent. Photo: Nora Tam
China’s military

Opinion | How China’s military-industrial complex is reshaping geopolitics

As China’s defence posture alters spheres of influence and trade, its allies and rivals are recalibrating their own military policies.

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Illustration: Craig Stephens
US-China relations

US says exempted electronic products to come under separate tariffs

US President Donald Trump had, on Friday, granted exclusions from steep tariffs on such goods, which are imported largely from China.

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E-tail giants to help China’s tariff-hit exporters pivot to home market

Industry groups and platforms such as JD.com pledge to help streamline domestic access for trade firms.

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United States

Opinion | A critic’s case for Trump’s tariffs

By dealing a final blow to the global trading system, the US president’s tariffs open up space for building a fairer, more development-friendly system.

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US President Donald Trump delivers remarks on reciprocal tariffs in the Rose Garden at the White House on April 2. Photo: TNS
China economy

Opinion | How China should respond to Trump’s tariffs

As China is clearly Trump’s target, its response must go past tariffs to include fiscal stimulus, domestic rebalancing and broad engagement.

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Hong Kong economy

Hong Kong to boost efforts to lure investment, talent in light of US tariffs

Finance chief Paul Chan has instructed market regulator and stock exchange to prepare for potential influx of mainland companies looking to return to city for listing.

Donald Trump

Investors urged to diversify amid Trump’s tariff war and market volatility

Experts urge investors to diversify into alternative assets like private credit for stability and growth.

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US President Donald Trump’s tariffs roiled markets last week after he imposed punitive tariffs on America’s trading partners. Photo: AFP
South Korea

‘I can’t go back to US sunscreens’: panicked Americans snap up items from Asia

Consumers are also stockpiling dried seaweed, hair bundles for wigs, cat food and wedding gowns.

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American consumers are snapping up South Korean sunscreen for its superior quality. Photo: Shutterstock
Hong Kong property

Hong Kong property market to feel the squeeze from Trump’s tariffs

A weaker yuan and a slowing economy could deter mainland homebuyers, but some analysts caution it is too early to draw conclusions.

Donald Trump

Opinion | Decoding Trump’s tariffs and the world’s multipolar future

The US president’s trade wars, while ostensibly about economic fairness, are part of a larger narrative of a hegemon’s diminishing dominance.

Hong Kong economy

Weaker yuan boon for Hong Kong shoppers but bane of retail sector: analysts

Beijing’s stimulus roll-out may also trigger more mainland consumption at the expense of Hong Kong’s retail, dining scene.

Diners at a restaurant in COCO Park shopping centre in Shenzhen. Photo: Dickson Lee
US-China relations

Trump’s tariff carve-outs for tech are ‘small step’ towards rectification: China

Washington must make ‘significant’ moves and return to the ‘right path’.

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A woman poses with her smartphone displaying the @realdonaldtrump TikTok page, in Washington, US, on January 19. Photo: Reuters
China-UK relations

China seeks UK’s backing to defend international trade as tariff war escalates

Beijing tells trade minister Douglas Alexander it is ready to work with UK on trade as it defends its ‘necessary response’ to the US leader.

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US-China relations

Jobs vs affordable goods: the debate at the core of Trump’s tariff war

US manufacturing regions with high exposure to import competition suffer more – but others benefit, economist says.

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