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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.
Canadian Prime Minister Mark Carney responds to a question in the House of Commons on Parliament Hill in Ottawa, Ontario, on Thursday. Photo: Canadian Press via AP
Canada

Canada will ‘adjust’ counter-tariffs on US metals if no Trump deal in 30 days

Prime Minister Mark Carney also unveiled a raft of measures to support local companies facing 50 per cent US metal duties.

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US-China trade war

China cuts US Treasury stockpiles to 16-year low amid Trump’s trade war

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Donald Trump

Trump says EU not offering fair trade deal, Japan being ‘tough’ too

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US-China trade war

After tight-lipped talks in London, the US-China silence speaks volumes

A week after the second round of high-profile trade negotiations between Beijing and Washington, analysts break down what happened before, during and after.

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Illustration: Henry Wong
Electric & new energy vehicles

Exclusive | SemiDrive to supply cockpit chips in European EVs as Chinese firms go global

‘Striving to be a top global chip supplier, we need to expand from the China market to the global market,’ general manager Eugene Wang says.

Singapore

Trade worries drag Singapore’s home sales down to 5-month low

The sluggish performance is set to continue, with one recent project selling fewer than 10 per cent of the apartments on offer at launch.

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Japan

Japan’s Ishiba to press Trump to drop auto tariffs at G7 summit

The two are expected to meet on the sidelines of the meeting following a sixth round of high-level trade talks in Washington on Friday.

US President Donald Trump meets with Japanese Prime Minister Shigeru Ishiba in the Oval Office of the White House in Washington, on February 7. Photo: TNS
China exports

Cairo calling: why Chinese factories are moving to Egypt amid the trade war

A growing number of Chinese manufacturers are shifting production to Egypt as they seek relief from US tariffs on China and Southeast Asia.

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Canada

G7 leaders in Canada to discuss Israel-Iran conflict, hope to avoid Trump clash

Trump, who has mused about annexing Canada, will arrive at a time when PM Carney is threatening reprisals if US does not lift import tariffs.

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Asean

Asian Angle | Trump tariffs challenge Asean’s unity and economic stability

As Trump’s tariff policies threaten Asean solidarity, the bloc should focus on regional trade to maintain stability and prevent division amid divergent responses.

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An Asean logo is displayed at the venue, ahead of Foreign Ministers Meeting in Langkawi Island, state of Kedah, Malaysia, on January 17. Photo: EPA-EFE
Banking & finance

Macroscope | How the obsession with risky assets is putting global finance in peril

From the speculative frenzy over digital assets to the assault on bond markets, the next financial crisis will be self-inflicted.

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An activist in Sterling, Virginia, calls out an attendee at an exclusive dinner at the Trump National Golf Course, on May 22. Photo: AP
Business of climate change

Chinese solar firms bank on overseas expansion to survive amid US tariffs

Some of the world’s top solar firms are considering localising production in the US amid a worsening price war and geopolitical tensions.

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US-China relations

Opinion | Trump’s fundamental mistake is in seeing China as America’s problem

The US president fails to grasp that a rising China is a new question to answer, not an old mistake to correct.

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Britain

Britain ready to implement US tariff deal, trade minister says

Trade chief Jonathan Reynolds said UK is hopeful for a proclamation from Trump to put the agreement into effect in the coming days.

Jonathan Reynolds, Britain’s Secretary of State for Business and Trade outside 10 Downing Street in London on Wednesday. Photo: Reuters
Huawei

Chinese tech champions boost Europe ties amid US tensions

At VivaTech, the Chinese ambassador to France says Beijing is ready to collaborate with Paris to enhance scientific and technological exchanges.

A Huawei sign seen at the VivaTech fair in Paris. Photo: AFP
Japan

Ishiba says won’t forgo Japan’s interests for quick deal with Trump

The prime minister said it’s important to achieve an agreement that’s ‘beneficial’ to both sides.

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Donald Trump

Trump says again he’ll set unilateral tariffs in 2 weeks

US president plans to issue unilateral tariff rates to trading partners, offering ‘take it or leave it’ deals.

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China trade

China, US agree to ‘done deal’, Trump says, pending sign-off by President Xi

‘Full magnets, and any necessary rare earths, will be supplied, up front, by China,’ American leader adds, following trade talks in London.

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A man stands next to US and China flags at Lancaster House in London on Tuesday for the second day of trade talks between the US and China. Photo: Reuters
China trade

Asia sees ‘concerning’ rise in long payment delays amid turbulence: report

Chinese and Indian firms are pulling back from selling on credit as the risk of defaults rises, new report finds.

Donald Trump

Trump tariffs can remain in effect, US appeals court rules

The decision means Trump may continue to enforce, for now, his tariffs on imports from most US trading partners.

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Business of climate change

China’s solar panel makers seek antidote to market ills as glut, price war, tariffs bite

Market players should aim for technological innovation, enabling higher profit margins and sustainable growth, GCL founder Zhu says.

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Workers producing photovoltaic modules for solar panels in a factory in Suqian, Jiangsu province in January 2025. Photo: AFP
China trade

Pressured by US tariffs, Chinese exports expand in Vietnam, Thailand, Indonesia

‘Exports are being diversified, bit by bit, and Southeast Asian countries are becoming more and more important trading partners,’ analyst says.

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Southeast Asian countries are becoming more important trading partners for China as it diversifies exports. Photo: Xinhua
Diplomacy

Opinion | Why democracy vs autocracy isn’t the definitive contest shaping the world

With unilateralism on the rise, the world is moving towards a situation where no power is willing to take on the mantle of global leadership.

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Japan

Japan’s economy contracts amid US tariffs and BOJ’s cautious stance

The updated figures showed that the world’s fourth-largest economy had contracted even before US President Donald Trump’s tariff measures.

Electric & new energy vehicles

How BYD and Chinese peers are transforming Europe’s small EV market

Volkswagen, Renault and other EU stalwarts prepare a slew of smaller, cheaper EVs to fight an influx of Chinese models.

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BYD electric cars waiting to be loaded on a ship are stacked at the international container terminal of Taicang Port in Suzhou, Jiangsu Province in September 2024. Photo: AFP
China-UK relations

UK vows due diligence on Chinese embassy in London amid security concerns

Trump has warned PM Starmer against letting China set up mega-embassy near UK’s key financial centres; plan revived following lobbying by Xi.

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Royal Mint Court, the site of the proposed new Chinese embassy in London. Photo: EPA-EFE
Australia

Angered by Trump’s ‘unjustified’ tariffs, Australia chases new trade deals

Trade Minister Don Farrell said Canberra is in talks with other nations to cut its reliance on the US.

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Indonesia

Indonesia, EU to conclude 9 years of free trade negotiations

Indonesia will get zero tariffs for 80 per cent of its exports and removal of non-tariff barriers as it pushes for market access.

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