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Trade
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.
Kevin Warsh, nominee for US Federal Reserve chair, testifies on Tuesday during a Senate Banking Committee hearing in Washington. Photo: TNS
Banking & finance

America First Fed? Trump pick Warsh signals ‘monetary sovereignty’: analysts

Potential successor to Jerome Powell may pursue policies that pressure US dollar-driven assets and curb global liquidity, analysts say.

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Singapore

Singapore’s Balakrishnan warns Hormuz just a ‘dry run’ if US, China clash

New Zealand

New Zealand minister under fire for ‘butter chicken tsunami’ remarks

Canada

Canadian who was detained by China warns against Carney’s EV deal

Ex-diplomat Michael Kovrig was imprisoned for three years after Canada arrested Huawei’s Meng Wanzhou on a US extradition request.

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Canadians Michael Spavor and Michael Kovrig in 2023. Photo: AP
China trade

Learn from the East, says economist Justin Lin, refuting ‘overcapacity’ rhetoric

Former World Bank economist defends Beijing’s industrial strategy amid ‘overcapacity’ allegations, points to Germany and a ‘double standard’.

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China-EU relations

China’s CRRC drops bid for Lisbon metro deal as EU finds ‘billions’ in subsidies

Polish firm to replace state-backed Chinese giant as Brussels uses regulatory powers to curb what it says is market-distorting foreign aid.

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China energy security

China confronts Middle East supply shock, as State Council mulls energy strategy

Premier Li Qiang urges ‘bottom-line mentality’ to secure power as Beijing sees coal and Russian gas among options to offset reliance on imported crude.

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Premier Li Qiang presides over a State Council group study session on energy development on Monday. Photo Xinhua
Singapore

Strait talking: Singapore, Malaysia, Indonesia unite to secure safe shipping

Together, the Straits of Malacca and Singapore form the world’s busiest corridor for crude oil and petroleum liquids by volume.

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US-China trade war

US firms dash to recover tariffs paid on Chinese imports as refund system starts

Companies scramble on Monday to recover illegally collected tariffs from US government as thousands rush to file claims.

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US, Israel war on Iran

Beyond Panama and Hormuz: 8 critical waterways under the global microscope

Amid US actions in the two major shipping channels, attention has shifted to the strategic importance and potential risks elsewhere.

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A liquefied natural gas (LNG) tanker travels through the Strait of Malacca off Malaysia on Wednesday. Photo: EPA
China-EU relations

Opinion | Why Spain’s outreach to China offers a viable model for Europe

De-risking while also deepening ties beyond the transactional shows that interdependence and strategic autonomy aren’t mutually exclusive.

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Spanish Prime Minister Pedro Sanchez (centre) speaks with students at Tsinghua University in Beijing on April 13. Photo: AFP
China-EU relations

China threatens EU firms over cybersecurity plans targeting Chinese companies

China’s commerce ministry warns broad retaliation is on the table if firms such as Huawei and ZTE are penalised by proposed law.

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China trade

China presses IMF for quota reform, better surveillance of advanced economies

PBOC head urges IMF to ‘stand against protectionism’ amid effects from tariffs, Iran war.

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Malaysia

Delays, rising costs hit Asia’s trade as Gulf crisis spills beyond oil

Port congestion has resulted in longer vessel queues and mounting scheduling pressure, forcing Malaysian operators to tighten access.

Westports Holdings Berhad in Port Klang, Malaysia, says it has begun rejecting ad hoc vessel calls unless carriers can confirm prompt cargo pickup. Photo: AFP
China GDP

First tariffs, now war: how Asia is facing a second year of economic shocks

Global institutions forecast slower growth in Asia-Pacific this year, as the Iran war and tariff risks combine to disrupt global trade.

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A crane loads cargo onto a ship at a port in Zhangjiagang, in China’s eastern Jiangsu province. Photo: AFP
Canada

Canada’s Carney says economic ties with US have become a ‘weakness’

In a blunt video address, Canada’s prime minister promises regular updates on efforts to diversify away from the US.

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Donald Trump

Russia’s Lavrov says balance of power shifting to emerging economies

At the Antalya Diplomacy Forum in Turkey, Lavrov said the foundations of globalisation powered primarily by the US had ‘come to an end’.

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Mexico

Mexico mends ties with Spain in first presidential visit in 8 years

Relations deteriorated after Mexico’s former president in 2019 demanded an apology for abuses committed during Spain’s ⁠colonial rule in Mexico.

Mexico’s President Claudia Sheinbaum (left) greets Spain’s Prime Minister Pedro Sanchez at the “Meeting in Defence of Democracy” in Barcelona on Saturday. Photo: AFP
China manufacturing

Iran war energy shock sees Chinese firms recalibrate overseas expansion plans

Businesses are rethinking short-term strategies as they adapt to rising costs and slowing growth across major economies.

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US, Israel war on Iran

Iran war: France and UK to lead ‘defensive’ force for Strait of Hormuz

Trump, meanwhile, says he received a Nato offer to help secure the key waterway but told the alliance to ‘STAY AWAY’.

E-commerce

How Amazon uses closer China supply ties to counter tariffs, Shein and Temu

Amazon’s warehousing hub in Shenzhen streamlines shipping for Chinese sellers, cutting costs and delays amid rising competition and tariffs.

Amazon officially opened the world’s first global warehousing and distribution facility in Shenzhen to more sellers on Wednesday. Photo: dpa-Zentralbild/dpa
US-China relations

US-China tensions simmer, economy outperforms, Auto China begins

This week: The US and China exchange trade-war swings, China’s economic growth beats expectations, and the US blockades Iranian ports. Next week: Carmakers debut models at Auto China, Victory Giant starts trading after Hong Kong IPO, robots compete in Beijing half marathon and more.

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Australia

Australian farmers relieved after Indonesia agrees to supply fertiliser

The deal makes up 20 per cent of fertiliser needs for the planting season in Australia, a major supplier of food to Southeast Asia.

US-China trade war

Why the biggest threat to US dollar dominance may well be Washington itself

Economic sanctions, access to US-led banking systems are powerful tools, but overuse reduces their effectiveness over time, Congress told.

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US-China trade war

‘Buy what they can, steal what they can’t’: US lawmakers slam China’s AI tactics

US lawmakers, experts accused Beijing of buying ‘what they can’ and stealing ‘what they cannot’ from America to advance their AI technology.

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Employees train AI service robots in a Southern Power Grid company laboratory in Guangzhou, Guangdong province, China, on Thursday. Photo: EPA-EFE
China-Latin America relations

US will help Peru ‘take back’ Chancay port from China, Congress chair says

Maria Elvira Salazar warns port’s ‘dual usage’ potential could enable Chinese submarines, carriers and warships to operate from Peru.

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Boats in the water, in front of cranes at the Chinese-built Chancay megaport operated by Cosco Shipping, in Chancay, Peru. Photo: Reuters
2026 Trump-Xi summit

‘Won’t back down’: Greer seeks more funding for Trump’s trade wars

US trade chief says more resources needed to expand trade probes and counter China, warning farmers remain exposed ahead of Beijing summit.

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Hong Kong economy

Hong Kong leader John Lee, EU officials meet to discuss trade, cooperation

EU ambassador describes lunch meeting as a ‘constructive and in-depth exchange on EU-Hong Kong relations’.

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