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US-China trade war

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.
US President Donald Trump and Chinese President Xi Jinping met in South Korea in October. Photo: Reuters
Year in Review

SCMP Plus year in review 2025 – trade war

As the year comes to a close, SCMP Plus looks back on how the US-China trade war played out.

US-China tech war

China’s lagging basic research calls for core tech pivot, economic adviser urges

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Made in China 2025

Chinese firms flock to Dubai free zones to navigate trade barriers, expand reach

SCMP Highlights

Tariffs, truces and Trump: key developments in US-China trade war in 2025

From Trump’s stiff tariffs and China’s response to high-level trade talks, here’s a selection of SCMP stories covering the major milestones.

US President Donald Trump signs executive orders at the White House on April 2, 2025, imposing tariffs on imported goods. Photo: Getty Images
Asia-Pacific Economic Cooperation

Outside In | As the US pursues unilateralism, China faces challenging task as Apec host

China’s return as Apec chair is an opportunity to show that both the organisation and its message of multilateralism are as relevant as ever.

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Yuan

China expands digital-yuan push to Singapore and Asean trade routes

PBOC pledges to integrate e-CNY into the New International Land-Sea Trade Corridor, boost adoption in Southeast Asia via China’s CIPS payment network.

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China-Latin America relations

China, Russia clash with US at UN over Venezuela oil seizures and naval pressure

Venezuela turns to UN as Trump’s oil crackdown intensifies and Caracas advances a law targeting those in support of naval blockades.

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Sun Lei, China’s deputy permanent representative to the UN, speaks during a Security Council briefing on threats to international peace and security in New York on Tuesday. Venezuela requested a Security Council meeting, citing escalating tensions resulting from “US aggression” against the country. Photo: EPA
Singapore

Explainer | Will US-led ‘Pax Silica’ be a new dawn for the international AI supply chain?

Trump administration aims for deeper technology cooperation on new AI infrastructure with allies.

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Mainland China

US labels Chinese chips an economic threat, but delays tariff impact until 2027

Timeline reflects effort to preserve trade truce with Beijing rather than build leverage through faster import duty escalation, analysts say.

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US-China relations

‘Bad policy’: China’s drone makers to shrug off US ban, analysts say

The addition of foreign drone makers, including those from China, to a US trade blacklist is unlikely to heat up relations, observers said.

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Dai Shuying operates a plant protection drone under the guidance of her grandson Wang Tiantian in east China’s Anhui province. Photo: Xinhua
Technology

Opinion | Forget the US dollar. Watch water and energy resources instead

In our increasingly hi-tech-based economy and financial systems, energy and water resources will be macroeconomically critical.

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Illustration: Craig Stephens
DJI

US adds new models of China’s DJI and all other foreign drones to its blacklist

The FCC move, which does not affect existing DJI models, is a significant escalation in Washington’s battle to crack down on Chinese drones.

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China economy

Opinion | Why China has moved to curb steel exports

China’s pivot to emerging markets has kept its export machine running. But frictions are growing and steel is the most visible flashpoint.

China trade

China’s record trade surplus could prompt protectionist response in 2026: report

American researchers say restrictions on Chinese imports could help create complications for Beijing’s economic growth target next year.

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Vehicles awaiting export at Nanjing Port in China’s eastern Jiangsu province. Photo: AFP
European Union

Trump tariffs push Swiss pharma CEO to urge price alignment with US

Switzerland and the United States are locked in negotiations on the details of a deal slashing a whopping 39 per cent levy to 15 per cent.

A 3D-printed miniature model of U.S. President Donald Trump, the Switzerland flag and the word ‘Tariffs’ in this illustration from July 23. Photo: Reuters
United States

Opinion | How Trump is hastening the end of American hegemony

Although the US economy is growing and inflation remains low, the uncertainty sowed by the president’s policies will have sobering long-term consequences.

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US-China relations

Editorial | Less hostility towards China in new US security strategy is welcome

The plan’s watering down of America’s antagonism towards China bodes well for both nations and the world.

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United States

Are Trump loyalists struggling in US rural heartland ready to say ‘enough’?

Hammered by crippling costs and precious revenue lost to China, Midwest farmers’ loyalty to the US president will be tested in 2026 midterms.

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Illustration: Lau Ka-kuen
US-China relations

Rubio swaps hawk for diplomat in year-end pivot on China

Top US envoy eschews ‘pacing threat’ label, stressing cooperation and Western hemisphere priorities for 2026.

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China economy

Opinion | Why China is cracking down on ‘involution’

Involution is a structural phenomenon with both domestic and global implications that China’s leaders are dedicated to addressing.

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TikTok

TikTok deal, China slowdown, Vanke debt deadline

This week: TikTok owner agrees sale of US operations, China’s retail sales growth unexpectedly cools, US approves Taiwan arms sales and Jimmy Lai is found guilty. Next week: China Vanke bondholders conclude debt-extension vote, Chinese lawmakers gather, Xiaomi 17 Ultra comes to market, and more.

Photo: Reuters
US-China relations

China cuts US Treasury holdings to lowest level since 2008

The stockpile has now fallen to nearly half its November 2013 peak, financial data shows, as long-term sell-off continues.

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China is now in third place among foreign US Treasury holders, behind Japan and the United Kingdom. Photo: dpa
Mainland China

Trump signs defence bill restricting investment in Chinese tech, military firms

Key provisions target contracts with Chinese biotech companies and outbound investment in technologies with military applications in China.

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United States

TikTok reaches deal on new US venture with American investor group

The deal was signed on Thursday, with the landmark move ending years of legal and political uncertainty.

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Mainland China

China reportedly sticking to its soybean deal with US, but worries remain

Beijing secures 7 million tonnes of soybeans, passing halfway mark of its US purchase agreement. However, little has been shipped so far.

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China secures 7 million tonnes of soybeans, passing halfway mark of its US purchase agreement. Photo: The Minnesota Star Tribune/TNS
US-China relations

Opinion | Mark 2025. It’s the year China became a peer power to America

China not only forced a trade war backdown, it displayed its hi-tech military might from the waters off Australia to the skies near Japan.

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Illustration: Craig Stephens
US-China relations

US highlights Panama security ties as China-linked canal ports deal stalls

US envoy’s coastguard visit near Panama comes as Beijing presses for Cosco control and Washington pushes back.

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US-China relations

As Trump upends US foreign policy, analysts see fresh openings for China

After a turbulent year, experts expect continued disruption to reshape global influence, testing alliances and altering the balance of power.

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