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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.
Senior US and Chinese officials meet in Geneva on May 11. They agreed to a trade deal slashing most tariffs that came into effect on May 14. Photo: AFP
United States

The US and China called a truce on tariffs, but is the battleground expanding?

Analysts say Trump is looking to tighten tech restrictions, and this time Beijing has a better ‘toolkit’ to counter ‘long-arm jurisdiction’.

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Electric & new energy vehicles

Exclusive | Stellantis, Leapmotor near decision on European production

China's economic recovery

China’s economic resilience muffles speculations over imminent fiscal stimulus

Banking & finance

Moody’s downgrade, US debt fears revive mini ‘sell America’ trade

Rating downgrade risks reinforcing Wall Street’s growing worries over the US sovereign bond market.

Traders on the floor of the New York Stock Exchange. Photo: Getty Images via AFP
China manufacturing

China’s manufacturing resilient in April despite US tariffs; consumption softens

China’s industrial output rose 6.1 per cent, beating estimates, while domestic consumption up 5.1 per cent – slightly below expectations.

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Hong Kong economy

US importers urging Hong Kong manufacturers ‘to bypass levies’ amid trade war

Industry veterans say they are urgently pressing ahead with plans to diversify production locations to mitigate geopolitical risks.

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Yuan

China’s yuan can rival US dollar as go-to currency if more accessible: economist

‘US exceptionalism is over – the beginning of the end,’ Singapore-based economist warns while weighing in on how China can internationalise its currency.

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China is looking to challenge the US dollar’s dominance in international trade, but more needs to be done to make the yuan a global currency. Photo: dpa
US-China trade war: All stories

Trade war fallout: Chinese e-commerce firms intensify push for Europe’s shoppers

Temu and Shein launch aggressive campaigns in European market amid US trade uncertainty – with ad spending up by as much as 70 per cent.

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European Union

China puts heavy 75% tax on US imports of vital engineering plastic

The levy, which also hits firms from the EU, Japan and Taiwan came despite a 90-day truce in the trade war between the two countries.

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Diplomacy

Opinion | By eroding US soft power, Trump is ceding the contest to China

Trump 2.0 has boosted China’s charm offensive, making its assertive foreign policy and unapologetic authoritarianism look less threatening.

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Illustration: Craig Stephens
Hong Kong property

Hong Kong secondary home prices under pressure as developers offer discounts

Projects in New Territories are being priced below second-hand properties, while mainland Chinese buyers are driving demand in Kowloon.

View of Sun Hung Kai Properties’ residential development Sierra Sea in Sai Sha on April 30. Photo: Edmond So
Donald Trump

Trump says China and Walmart should ‘eat the tariffs’, not raise prices

The US president lashed out at the retail giant after it warned that everything from bananas to child car seats could get more expensive.

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China economy

China cuts US Treasury stockpile, dropping to No 3 spot among foreign holders

Britain takes China’s place as America’s second-biggest overseas creditor as Beijing pushes to diversify foreign exchange reserves.

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India

India’s manufacturers fear becoming collateral damage of US-China trade war

From yarn to steel, India’s domestic industries say they’re being priced out as Chinese firms redirect exports away from the United States.

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People work at a garment factory in Tirupur, in the southern Indian state of Tamil Nadu, last month. Photo: Reuters
United States

Macroscope | No, stock markets are not a barometer of the world’s economic health

Markets have largely returned to calm after the US-China trade truce but all is not as it seems.

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Traders are seen on the floor of the New York Stock Exchange in the US on May 13. Photo: Reuters
China trade

Cambodia starts selling durians to China, vying to rival Thailand and Malaysia

The Southeast Asian nation sees juicy opportunities in the vast Chinese durian market, but first it will need to win over picky consumers.

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Donald Trump

Asian Angle | Seeking the silver lining in Trump’s tariff turmoil

Trump’s tariffs could encourage governments to confront entrenched vested interests, but success requires a genuine commitment to reform.

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US-China relations

Foreign degree? Think again, say Chinese parents as change of heart shifts focus

Middle-class parents in China long viewed overseas diplomas as the best path to success, so what has changed? And why are overseas students in an ‘increasingly awkward position’?

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Illustration: Davies C. Surya
China trade

Exclusive | US-China deal no relief for firms as rare earth curbs keep supply chain severed

Documents show Beijing export restrictions – with no explicit removal after trade deal – hampering US-based magnet buyer with slow approvals.

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Trade

Opinion | With an unpredictable Trump, it’s best to be cautious over US-China trade truce

While the rollback of tariffs restores a measure of normality to global markets, the world will not return to the status quo ante.

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China shipbuilding

China faces headwinds, but it’s not all plain sailing for Korean shipbuilders

America’s plan to impose higher docking fees on vessels made in China will be a blow, but South Korean shipyards face capacity constraints.

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The cruise ship Panstar Miracle is christened at the Daesun Shipbuilding and Engineering shipyard in Busan, South Korea, on April 9. Photo: EPA-EFE
Banking & finance

OCBC plans to stay the course in Hong Kong, hire talent despite trade war

OCBC has no intention to change its planned US$192 million investment in Hong Kong and Macau, CEO Helen Wong says.

People pass an OCBC bank signage in Singapore. Photo: Reuters
US-China relations

Outside In | China’s message on trade deals is clear: multilateral is the only way

The choice of the Swiss city of Geneva for US-China negotiations was telling, and the breakthroughs achieved are only the start of a long process.

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China economy

To survive the trade war, China aims to create a stronger domestic economy

Beijing has gained greater urgency in its push to rebalance the economy and make it less vulnerable to US tariffs, analysts say.

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China-EU relations

Europe warned to change fast or become a ‘shock absorber’ of US-China trade war

Continent’s outlook is bleak despite reduced Sino-American tensions as it needs to adapt quickly amid Washington’s efforts, analysts say.

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European governments view the US-China tariff deal as possibly buying them time on what is anticipated to be a wave of diverted Chinese exports to EU ports. Photo: AP
United States

Opinion | Thanks to Trump, we now have a profound appreciation of supply chains

The US president’s tariffs revealed the fragility of the global trading system, highlighting the costs of disrupting intricate supply chains.

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Wind power equipment is prepared for loading onto ships for export at the Lianyungang port in Jiangsu province, China, on May 10. Photo: Costfoto/NurPhoto via Getty Images
Singapore

Singapore Airlines to pay staff over 7 months’ bonus, flags tariff risk

The carrier’s cautious outlook emerged despite full-year profit beating estimates.

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China economy

Why Trump’s drug price promise may fail to protect China’s pharma industry

America is reliant on mainland companies for the raw materials needed to make life-saving drugs, but experts say duties are likely.

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