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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.
Firms in Asia-Pacific have reported a sharp rise in delayed payments, as global economic turbulence continues to raise risks for businesses. Photo: Shutterstock
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

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Business of climate change

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

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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.

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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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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.

Airlangga Hartarto, Indonesia’s Coordinating Minister for Economic Affairs, during an interview with Reuters at his office in Jakarta in 2023
Japan

Japan making progress but no ‘agreement’ on Trump tariffs: trade negotiator

Ryosei Akazawa said tariffs are unacceptable, but Japan is proposing a tariff reduction plan tied to a country’s contribution to the US auto industry for a deal.

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Japanese economic revitalization minister Ryosei Akazawa meets the press ahead of a meeting with US Commerce Secretary Howard Lutnick in Washington on Thursday. Photo: Kyodo
South Korea

Trump and South Korea’s new leader talk tariffs, golf and assassinations

President Lee Jae-myung and Trump have both faced attempts on their lives; Lee even had to undergo surgery after being stabbed in the neck.

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United States

Outside In | As costs of Trump’s chaos become clear, expect him to shift the blame

Trump’s supporters seem certain the damage his policies cause will be short-lived, but they may change their minds as the trade wars drag on.

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Australia

Australia says compromise on biosecurity ‘not worth it’ ahead of US talks

Prime Minister Anthony Albanese said American beef imports still posed risks to the Australian cattle industry.

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A shopper looks at Australian beef products for sale at a supermarket in Sydney. Photo: AFP
United States

Opinion | May’s Taco market lull may well be the calm before the storm

For now, even a threat of tariff escalation may be discounted by a feeling that ‘Trump always chickens out’.

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Relaxed traders on the floor of the New York Stock Exchange during morning trading on May 27. Photo: Getty Images via AFP
US-China trade war

No US tariffs on ‘unavailable natural resources’: commerce chief

Assurance given at House hearing where lawmakers voiced concerns about American consumers facing rising prices.

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US-China trade war

Trump China tariff policy ill-suited to supply chain problems, US panel told

Witnesses at advisory commission call for comprehensive, structural steps to deal with China’s expanding global manufacturing dominance.

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Donald Trump

Trump tells Merz it might be better to let Ukraine, Russia ‘fight for a while’

US president says he shared his comparison of the conflict to a fight between young children in his call with Putin.

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US President Donald Trump (left) receives German Chancellor Friedrich Merz in front of the White House on Thursday. Photo: dpa
China-EU relations

EU to China: your ‘impressive rise’ must not crush our industries

Bloc’s trade chief urges Beijing to ‘address systemic issues’ like market access barriers and critical minerals export restrictions.

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Banking & finance

Macroscope | How long before markets lose faith in the Taco effect?

If unconstitutional acts, unaffordable tax cuts and unreliable security pledges are chickening out, what does Trump standing firm look like?

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China-Australia relations

Exclusive | Australia’s Albanese to meet China’s Xi in Beijing this summer: source

The Australian leader aims to ‘stabilise’ the relationship with China amid the turbulence unleashed by US tariffs, a source told the Post.

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Australian Prime Minister Anthony Albanese meets Chinese President Xi Jinping at the Great Hall of the People in Beijing, in 2023. Photo: EPA-EFE
Vietnam

Vietnam tariff reprieve would be the ‘silliest thing’ US could do: Lutnick

US Secretary of Commerce Howard Lutnick said responding in kind to Hanoi would be a ‘terrible deal’.

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A container is loaded onto a cargo ship at a port in Hai Phong, Vietnam. Photo: Reuters
China-South Korea relations

South Korea’s new leader faces tightrope act between China ties, US alliance

Analysts expect Lee Jae-myung’s foreign policy to be marked by pragmatism, but balancing economic and security interests will be challenge.

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US-China trade war

‘Big, scary moment’? What’s up with Section 899 and its ‘retaliatory’ taxes?

Investors are reacting to a clause buried in “One Big Beautiful Bill Act” that threatens to curtail inbound foreign investment in US assets.

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United States

Trump escalates trade war: 50% steel and aluminium tariffs now in effect

Doubled tariffs hit Canada and Mexico significantly, but the UK is exempt due to a preliminary trade deal.

Donald Trump’s sweeping tariffs on allies and adversaries alike have strained US ties with trading partners. File photo: AP
US-China relations

Letters | Fear-driven US policy on Chinese students sends the wrong message

Readers discuss what Chinese students bring to the US, the Chinese change of heart on studying abroad, and suspicions of White House insider trading.

Graduating students gather for their commencement ceremony at Harvard University in Cambridge, Massachusetts on May 29. Photo: TNS
China-EU relations

A tale of two cities: why views of China differ so much in Barcelona and Prague

The stark contrast between Spain’s wish for close economic ties and Czech suspicion highlights the growing divide within the EU over China.

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Vietnam

Vietnam faces list of ‘tough’ US demands to cut Chinese imports in tariff talks

If US requests to effectively cut Vietnam’s reliance on China were met, they could pose a serious challenge to the Southeast Asian country’s economy.

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