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US-China trade war: All stories

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US-China trade war: All stories
Breaking news and analysis on the US-China trade war, its history and timeline, and the impact on the global economy.
A former adviser to China’s central bank said Beijing should leverage the nation’s purchasing power to boost imports settled in yuan. Photo: AFP
China trade

China should leverage buying power to boost yuan’s use, former PBOC adviser says

With the yuan’s fixing at fresh 2023 highs and US dollar uncertainty rising under Trump, Beijing is urged to expand yuan-settled imports to internationalise its currency.

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US-China relations

Bessent cites trade progress after meeting China’s He Lifeng in Davos

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China trade

China’s zero-tariff gambit: why Beijing is slashing duties as Trump raises them

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World Economic Forum (WEF) at Davos

China’s He Lifeng warns of ‘law of the jungle’, blasts protectionism, at Davos

Amid escalating transatlantic rifts fuelled by Donald Trump, vice-premier urges global cooperation, free trade and dialogue, pledging to boost imports and open China’s market.

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Vice-Premier He Lifeng delivers a speech during the World Economic Forum annual meeting in Davos, Switzerland, on Tuesday. Photo: AFP
US-China relations

How narrowing China-US gap could reshape global power play by 2035

Political scientist Yan Xuetong predicts Beijing will be on ‘equal footing’ in strategic rivalry with Washington in the post-Trump era.

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China GDP

IMF raises China’s 2026 growth forecast to 4.5%, citing US ‘truce’ and stimulus

The fund predicts lower US tariffs and efforts to raise consumer spending may boost economy, though forecast short of last year’s growth.

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China trade

Harbouring ambitions: China’s port giants make waves with record growth

Record container volumes drive ambitious expansions at Shanghai and Ningbo ports as Beijing bets on smart hubs and regional integration to weather global volatility.

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The Chuanshan area of Ningbo-Zhoushan Port is seen in China’s Zhejiang province. Port authorities said it had surpassed 40 million TEU in container throughput by early December. Photo: Xinhua
China GDP

China hits 2025 GDP target – but quarterly growth drops to 3-year low

China logs 5 per cent GDP growth in 2025, 4.5 per cent in fourth quarter as Beijing acknowledges ‘long-standing issues and new challenges’.

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US-China relations

Can US-led bloc ease China’s ‘vice-like grip’ on rare earths?

Washington is working with its allies to accelerate projects in rare earths and diversify their supply in response to China’s export curbs.

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US-China trade war

Trump shrugs off concerns over Canada-China EV deal, calls it a ‘good thing’

Despite Trump’s support for landmark accord, US Trade Representative Jamieson Greer said Ottawa may regret its decision ‘in the long run’.

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While US President Donald Trump said on Friday it’s a “good thing” that Canadian Prime Minister Mark Carney has signed a trade deal with China, his trade chief cautioned that Canada could regret the decision. Photo: AP
US-China relations

Tesla’s defeat, Harvard’s success, Beijing’s shock: 7 US-China relations reads

From China’s EV power to Hegseth’s new threat, here are highlights from the SCMP’s overseas correspondents in the first half of January 2026.

Practitioners perform martial art next to a BYD Sealion 7 electric vehicle at Singapore Motorshow on January 9. Photo: AFP
US-China relations

China dumps more US debt, buys other assets as Trump targets Powell

Beijing’s Treasury holdings hit a September 2008 low, and analysts point to fears over Fed independence and debt sustainability, while gold’s appeal rises.

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Rare earths

US lawmakers propose US$2.5 billion agency to boost production of rare earths

The US is moving to reduce reliance on China after Beijing used its dominance in critical minerals to gain leverage in the trade war.

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Rare earths

Trump tackles China’s rare earth grip with talks instead of tariffs

The US president’s new global deal-making drive kick-starts what is likely to be a years-long effort to pare reliance on Chinese critical minerals.

Cobalt mined in Congo is mainly sent to China for refining. (Photo: AFP)
US-China trade war

Trump sets 180-day deadline to counter China’s control of critical minerals

US government warns global suppliers to negotiate agreements to secure reliable, diversified supplies for the US or face new trade hurdles.

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In a proclamation signed on Wednesday, US President Donald Trump declared that the US’ reliance on foreign-processed critical minerals poses a national security threat. Photo: Reuters
US-China trade war

Why China may buy Nvidia’s AI chips as US eases curbs – and replace them later

As the US reverses Biden-era restrictions, Beijing likely to take advantage – without compromising own industry, analysts say.

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Banking & finance

Growth in sovereign investors’ China exposure slows amid political tensions

Inflows fall 58 per cent as sovereign wealth funds grow cautious, yet outlook signals selective opportunities ahead, experts say.

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China trade

As China’s US exports plunge, Beijing banks on diversification for 2026 growth

Shipments to Asean and Africa surged to drive a record US$1.19 trillion surplus for China, offsetting headwinds as leaders push to boost local demand.

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The Ningbo-Zhoushan Port is seen on Thursday in China’s Zhejiang province. The nation’s trade resilience has been attributed to its fastest-growing sectors having limited exposure to the United States. Photo: Xinhua
United States

Not ‘Trump-compatible’? China expert Rudd exits Australia’s US ambassador role

Kevin ‌Rudd left his post a year ‍earlier than planned following criticism from US President Donald Trump at White House meeting in October.

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US-China trade war

Trade reset? China, Canada look to revive ties after US tariffs force rethink

Crude, copper and iron top Canada’s exports to China, as prime minister seeks to mend relationship with Beijing.

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Donald Trump

Video | Trump slaps 25% extra tariffs on Iran’s trading partners

Trump announces tariffs ‘effective immediately’ on economies doing business with Tehran, including India and China, Iran’s largest trading partner.

U.S. President Donald Trump points while sitting next to U.S. Secretary of State Marco Rubio as they attend a meeting with oil industry executives, at the White House in Washington, D.C., U.S., January 9, 2026. REUTERS/Evelyn Hockstein
US-China relations

China’s US embassy decries ‘coercion’ after Trump’s Iran tariff move

China’s embassy opposes Washington’s ‘long-arm jurisdiction’ after Trump announces a 25 per cent tariff on countries doing business with Iran.

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An Iranian police officer watches over a pro-government rally in Tehran on January 12. Photo: West Asia News Agency via Reuters
US-China relations

US government abandons plan to blacklist Chinese-made drones

Commerce Department, FCC make U-turn after barring imports of new Chinese drone models in December to address national security concerns.

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US-China relations

Trump-Xi diplomacy put to test thanks to contentious tit-for-tat Covid lawsuits

Unpaid billions of dollars in judgments against China sucks US State Department into escalating legal dispute, but Beijing remains defiant.

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US-China relations

US will end China’s dominance of rare earths, Trump adviser Navarro predicts

The president’s trade aide says American innovation will ‘quickly wipe away’ Beijing’s ‘weaponisation’ of critical minerals.

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White House trade adviser Peter Navarro speaks to reporters in Washington in August. Photo: TNS
United States

Opinion | Why Asia should be concerned about the US attack on Venezuela

Venezuela matters less as a case in itself than as a signal of how energy is being repositioned amid intensifying US-China competition.

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A man walks past a sculpture outside a building of Venezuela’s state oil company PDVSA in Caracas, Venezuela, on May 17, 2019. Photo: Reuters
China economy

Price wars in China

Intense price competition in China, known as “neijuan” or involution, is causing deflationary risks, corporate losses, reduced investments and wage pressure.

US-Venezuela conflict

Not just oil: is Trump’s Venezuela takeover also about critical minerals?

Venezuela, Greenland and Colombia all have large deposits of rare earths and other minerals needed by US technology and defence companies.

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