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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.
Illustration: Lau Ka-kuen
Banking & finance

Open Questions | Euro, yuan unlikely to match US dollar, Daniel Gros says

German economist doubts EU and Chinese currencies will be widely used for international trade or that stablecoins will take off outside the ‘shadow economy’.

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China trade

Canton Fair defies global trends as overseas buyers flock to buy robots, drones

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US-China trade war

Zero H200 chips sold to China ‘as of today’, Lutnick tells US lawmakers

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Canada

Canada PM hits back after Trump team demands ‘entry fee’ before trade talks

Washington is reportedly seeking concessions before agreeing to open negotiations on revising the US trade pact with Canada and Mexico.

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Canadian Prime Minister Mark Carney arrives on Parliament Hill in Ottawa on Wednesday. Photo: The Canadian Press via AP
2026 Trump-Xi summit

As Iran talks go nowhere, will Donald Trump still go to Beijing?

With peace negotiations postponed, it is unclear if the US president will be ready to look at stabilising ties between the two top economies.

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US, Israel war on Iran

Video | World’s top condom maker to raise prices over Iran war

Malaysian condom producer Karex plans to raise condom prices by up to 30%.

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

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

Foreign minister also says Singapore, Malaysia and Indonesia have a ‘strategic interest’ in keeping the Strait of Malacca open.

New Zealand

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

A free-trade agreement, to be signed next week, could see more than 20,000 Indian migrants entering New Zealand, officials say.

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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Justin Lin Yifu, dean of the Institute of New Structural Economics at Peking University, is seen at last month’s Boao Forum for Asia Annual Conference 2026 in China’s Hainan province. Photo: Xinhua
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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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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Small boats sail beside vessels anchored in the Strait of Singapore on Tuesday. Photo: AFP
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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Companies scramble on to recover illegally collected tariffs from US government. Photo: AFP
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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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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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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Beijing has submitted to the EU on its cybersecurity regulations with a threat of retaliatory probes and the promise of litigation if Chinese firms are targeted. Photo: Shutterstock
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.

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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Canada’s Prime Minister Mark Carney. Photo: The Canadian Press via AP
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.

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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Illustration: Lau Ka-kuen
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’.

A vessel is seen at the Strait of Hormuz, off the coast of Oman’s Musandam province, on Sunday. Photo: Reuters
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.

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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