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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.
A salesman checks the quality of a diamond necklace through a magnifier at a jewellery store in Chennai. India is the world’s largest exporter of diamonds due to its dominance in gem cutting and polishing. Photo: AFP
India

India’s gem exports defy US tariffs as Asia, Middle East demand grows

Shipments rose 19.64 per cent year on year to US$2.51 billion in November, reflecting a successful diversification push, analysts say.

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Indonesia

Prabowo, Trump to sign Indonesia-US trade deal as issues resolved

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China-South Korea relations

Blackpink for Ayumi? Why China may reward South Korea’s soft stance on Japan row

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European Union

Trump tariffs push Swiss pharma CEO to urge price alignment with US

Switzerland and the United States are locked in negotiations on the details of a deal slashing a whopping 39 per cent levy to 15 per cent.

A 3D-printed miniature model of U.S. President Donald Trump, the Switzerland flag and the word ‘Tariffs’ in this illustration from July 23. Photo: Reuters
United States

Opinion | How Trump is hastening the end of American hegemony

Although the US economy is growing and inflation remains low, the uncertainty sowed by the president’s policies will have sobering long-term consequences.

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United States

Are Trump loyalists struggling in US rural heartland ready to say ‘enough’?

Hammered by crippling costs and precious revenue lost to China, Midwest farmers’ loyalty to the US president will be tested in 2026 midterms.

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United States

Mexico’s 50% tariff shock shuts Asia’s North American trade bypass

A tariff wall will soon separate protected partners like CPTPP members Singapore and Malaysia from exporters facing a shutout.

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A drone view shows the Manzanillo seaport in Mexico in April. Photo: Reuters
US-China trade war

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

Key provisions target contracts with Chinese biotech companies and outbound investment in technologies with military applications in China.

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US-China trade war

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

Beijing secures 7 million tonnes of soybeans, passing halfway mark of its US purchase agreement. However, little has been shipped so far.

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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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US President Donald addresses the nation from the diplomatic reception room at the White House on Wednesday. Photo: AP
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
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.

China-EU relations

EU fears China’s role in Russia’s war on Ukraine is deepening

Multiple sources confirm increase in Beijing backing before China-Russia ties are discussed by ministers from the EU’s 27 members on Monday.

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United States

Outside In | It’s an expensive Christmas for Americans thanks to Trump’s tariffs

It’s been years since the US president extolled the virtues of trade wars: how much longer before he recognises tariffs harm the US economy?

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People walk by shop windows decorated for Christmas in New York on December 5. Photo: dpa
Canada

Canada’s Carney on cusp of majority rule after another defection to his Liberals

Conservative MP Michael Ma swaps parties to join Canada’s Liberals, in the second such defection in a month.

Prime Minister Mark Carney and Michael Ma, who crossed the floor from the Conservatives to the Liberals. Photo: The Canadian Press via AP
China-India relations

Trump, Modi have ‘warm’ phone call – but 2025 unlikely to end with a trade deal

Even after calls for India to contribute more in the Indo-Pacific to counter China and deepen defence ties, Trump refuses to budge on trade concessions.

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China-Japan relations

Donald Trump left facing ‘dilemma’ as China-Japan spat worsens: analyst

White House navigates backing long-time ally Japan while preserving trade truce with China amid fraying ties between the Asian neighbours.

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US-China trade war

‘Maximum pressure’: why China is taking Mexico’s tariff move ‘very seriously’

Beijing sees Mexico’s move as driven by a wider US pressure campaign – and could take retaliatory measures, analysts say.

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Mexican President Claudia Sheinbaum proposed tariffs on goods from China and other Asian markets in the name of protecting local industries. Some analysts see the move as a response to US pressure. Photo: TNS
Diplomacy

Opinion | Behind Russia’s show of strength in India lies a fragile partnership

Despite Russia’s display of defiance and India’s quest for autonomy, US policy shifts are pushing both into uncharted geopolitical territory.

United States

Trump’s tariffs cost US households US$1,200, Democrats claim

Democrats argue tariffs hurt consumers and raise living costs, while Trump defends them as protective.

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Americas and the Caribbean

Mexico lawmakers approve tariff increase on Chinese and other Asian imports

The move, which still requires Senate approval, would affect goods like cars, clothes and steel from China, India, South Korea and elsewhere.

Employees work at a steel bar factory in Santa Catarina, Nuevo Leon state, Mexico, in November. Photo: AFP
Donald Trump

Trump defends economic record at rally, vows to make US ‘affordable again’

Trump holds a rambling campaign-style rally in Pennsylvania as his administration grapples with voter anxiety about the economy.

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US President Donald Trump dances after speaking at a rally in Mount Pocono, Pennsylvania. Photo: AP
China trade

‘Toothpaste without China’? EU firms must stop Beijing, US overreliance: report

European Union Chamber of Commerce in China urges companies to “eliminate single-source dependencies”.

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Indonesia

US says Indonesia backtracking on trade pledges as deal risks falling flat

US official Jamieson Greer will hold talks with Indonesian minister Airlangga Hartarto to salvage the pact signed in July.

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US-China trade war

‘A slap in the face’: some US farmers unhappy with Trump’s US$12 billion bailout

US soybean growers, who were hit hardest by tariff disputes, have voiced frustration that overdue funding falls well short of what they need.

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A soybean farmer inspects his harvest at his family’s farm in Maryland in October. US farmers fear that the government’s new US$12 billion farm aid package will not provide enough funding. Photo: AFP
Donald Trump

Trump talks trade with Canada, Mexico leaders at World Cup draw

The three nations are preparing for a review of their trade pact amid rising US tariffs and threats by Washington to withdraw from the USMCA.

US President Donald Trump speaks with Canadian Prime Minister Mark Carney and Mexican President Claudia Sheinbaum after the draw for the 2026 soccer World Cup in Washington on Friday. Photo: AP
China-Latin America relations

Trump’s national security blueprint aims to combat China’s rise in Latin America

Framework pledges to stop competitors from threatening the stability and political alignment of neighbouring countries in the region.

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United States

Trump could decide next year to withdraw from USMCA: US trade representative

‘The president’s view is he only wants … a good deal,’ Jamieson Greer told Politico, referring to the US-Mexico-Canada trade agreement.

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