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News about international trade flows, statistics and policy decisions from the world’s most important trading economies and trade-related bodies, including the World Trade Organisation.
US Secretary of State Marco Rubio during his end-of-year press conference at the State Department on Friday. Photo: Reuters
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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US-China trade war

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

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US-China trade war

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

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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 Ambassador Kevin Cabrera visited the US Coast Guard cutter Alert during its port call in Panama City, highlighting the enduring maritime partnership between the United States and Panama. Photo: Handout
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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China exports

China confirms issuing of first general licences for rare earth exports

Beijing says it is now granting longer permits giving foreign companies easier access to vital minerals, but many details remain unclear.

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China-EU relations

Discriminatory and egregious: China blasts EU’s subsidy crackdown

Commerce authorities vow to defend firms such as Nuctech and CRRC, while Beijing continues talks with Brussels over EV tariffs.

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The CRRC booth is seen in the advanced manufacturing section of the China International Supply Chain Expo in July. The train maker was probed by Brussels last month. Photo: Xinhua
China trade

China jails antimony smugglers in tough stance on critical minerals

Dozens convicted of illegally shipping 166 tonnes of the strategic material, marking a major enforcement of Beijing’s export controls.

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China trade

China’s Hainan launches separate customs regime allowing tariff-free imports

Most goods can enter Hainan with zero import duties under the new system, as China looks to turn the island into a strategic buffer zone.

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China trade

As trade deficit mounts, is EU selling what China wants to buy?

Traditional European exports like cars are losing their appeal, while restrictions crimp sales of sought-after lithography machines.

A China-Europe freight train leave the transshipment yard of Tongjiang North Railway Station in northeastern China’s Heilongjiang province on December 9. Photo: Xinhua
Japan

Steppe in the right direction? ‘Japan is back’ in Central Asia with new summit

Prime Minister Sanae Takaichi and the leaders of five Central Asian nations are expected to establish a new framework for cooperation in AI.

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Vendors sell traditional Uzbek clothing and jewellery inside a madrasah in Registan Square in Samarkand, Uzbekistan In September. Photo: EPA
United States

Trump gives himself high marks in 2025 report card, with his eyes on 2026 fight

In a White House speech, the president claimed economic and foreign policy wins while urging voters to back his agenda in the midterms.

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China trade

Battle for China’s durian market gets even juicier as Laos enters the fray

Laos could present a real challenge to other players in China’s vast durian market due to its low costs and logistical advantages.

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European Union

Opinion | A complicated new EU-China showdown is quietly taking shape

For now, both sides still need each other and there is nowhere else to turn. But behind this reliance, irritation and paranoia are rising.

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Illustration: Craig Stephens
Accidents and disasters in China

How will Jimmy Lai’s conviction affect China-UK ties, Starmer’s planned visit?

Outcome of ex-media tycoon’s Hong Kong trial poses stern test for Labour government’s balancing act with Beijing, observers say.

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British Prime Minister Keir Starmer is expected to visit Beijing and Shanghai in late January. Photo: EPA
Britain

‘Big step forward’: UK rejoins Erasmus exchange programme in post-Brexit reset

After a five-year absence, the UK returns to the EU study abroad scheme, with 100,000 people estimated to benefit in the first year alone.

China trade

China bets big on copper processing, but ‘weaponisation’ risks are low: analysts

Beijing views copper as critical for EVs and AI, but a reliance on imported ore limits China’s ability to use the strategic metal as leverage.

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Greater Bay Area

Letters | As Greater Bay Area shifts to carbon-free trade, Hong Kong must catch on

Readers discuss a key role for the city gleaned from China’s central economic work conference, promotion of indoor sports, and the mass shooting at Australia’s Bondi Beach.

President Xi Jinping speaks at the annual central economic work conference in Beijing on December 11. Photo: Xinhua
Banking & finance

Hong Kong signs tax treaty with Norway, marking fourth such agreement this year

Treasury chief Christopher Hui said the government plans to begin CDTA negotiations with Slovenia and Oman early next year.

China-EU relations

China slaps anti-dumping duties on EU pork, but lowers final rates

Beijing goes ahead with tariffs of up to 19.8 per cent on pork products from the European Union after intense lobbying by several leaders.

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China trade

Letters | World must learn to live with China’s manufacturing prowess

Readers discuss China’s record trade surplus so far this year, Hong Kong’s ambitions to be a cryptocurrency hub, and how to effectively curb social media overuse.

Vehicles intended for export are lined up at Longtan Container Terminal of Nanjing Port in Nanjing, east China’s Jiangsu Province, on December 7. Photo: Xinhua
Pakistan

India wary as US backs Pakistan with F-16 upgrades and mineral projects

Analysts say New Delhi faces an ‘uncomfortable truth’ as Washington and Beijing find rare common ground on stability in Pakistan.

Pakistan’s Prime Minister Shehbaz Sharif (left) and army chief Syed Asim Munir (right) meet US President Donald Trump in Washington in September. Photo: Pakistan’s Prime Minister Office/AFP
Hong Kong economy

Opinion | Hong Kong is stepping up its competitiveness in aviation

By funding upgrades to the airport and signing international aviation deals, the city is proactively working to expand its global reach.

United States

Trump declares fentanyl a ‘weapon of mass destruction’

US president dramatically escalates his fight against the drug by signing an executive order and warning against the ‘scourge’ of fentanyl.

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China-EU relations

Opinion | Why China-France ties are blossoming in an era of global uncertainty

As Paris pursues strategic autonomy and Beijing seeks national rejuvenation, both powers are poised to reimagine a new global order.

French President Emmanuel Macron and Chinese President Xi Jinping visit the Unesco-listed Dujiangyan site in Sichuan province on December 5. Given that Chinese presidents rarely take foreign leaders to the provinces, Macron’s visit to southwestern China is clearly a special gesture. Photo: Pool/Reuters
China-Latin America relations

Mexico stands by its decision for 50 per cent tariffs on Chinese goods

Government defends tariff package as vital to supporting domestic workers and producers, and not aimed at curbing imports from China.

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Mexican Economy Secretary Marcelo Ebrard on Monday defended his country’s decision to impose new tariffs on imports from China. Photo: AP
Science

Why China’s growing demand for rare-earth steel is bad news for America’s F-35

Advanced product is used in huge infrastructure projects but that has further reduced supply for overseas buyers like the US defence sector.

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Malaysia

Trump’s tariffs on Southeast Asia put US Christmas gifts at risk

From Hot Wheels to headphones, new levies are squeezing the supply of Americans’ festive favourites.

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