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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.
Prime Minister Mark Carney (right) tours CAE Inc facilities in Montreal on Tuesday. Photo: The Canadian Press via AP
Canada

Canada launches huge defence plan to curb reliance on Trump’s US

Prime Minister Mark Carney has become one of the most prominent global voices criticising the US president’s administration.

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Britain

Starmer urges Europe to deepen interdependence amid Trump threats

Donald Trump

Trump privately weighs quitting USMCA trade pact he negotiated

Japan

Is Japan’s US$550-billion Trump ‘signing bonus’ a deal with strings attached?

Tokyo races to fund US projects to keep a 15 per cent tariff rate, as critics question if the ‘signing bonus’ is a gift or a high-interest loan.

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Japanese Prime Minister Sanae Takaichi (left) reacts while speaking to US troops aboard the USS George Washington with US President Donlald Trump in Yokosuka in October 2025. Photo: AP
China-EU relations

EU seeks independence, survival amid China-US economic dominance

European leaders meet to address the bloc’s economic woes, reliance on China and US, and shielding key industries from protectionist policies.

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United States

Trump’s White House edits India trade deal, sparking confusion over terms

Revised statements swap ‘commitments’ for ‘intentions’ as Indian farmer groups prepare nationwide protests over sensitive agricultural deals.

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US-China relations

China, Trump targeted in House hearing on foreign influence in US non-profits

Claims made at Congressional hearing that network of foreign donors paid American advocacy groups billions to try to influence US policy.

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US President Donald Trump came in for criticism on Tuesday during a Congressional hearing on the influence of foreign funds in US politics. Photo: AFP/Getty Images/TNS
Canada

Carney speaks to Trump after he demands half of bridge that Canada paid for

The US$4.7 billion bridge that links the Canadian province of Ontario with the US state of Michigan is due to open this year.

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US-China relations

Trump’s ‘vacillating’ China policy causing confidence crisis in allies: report

‘Sweeping destruction – rather than careful reforms and policy corrections – is the order of the day’, Munich Security Report 2026 says.

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India

India’s oil imports from Russia snared by Trump order, tariff threat

All state-owned and private refiners had paused buying any spot cargoes since Trump first mentioned the deal on social media a week ago.

US President Donald Trump (right) shakes hands with Indian Prime Minister Narendra Modi in the Oval Office of the White House in Washington, DC, on February 13 last year. Photo: AFP
Greenland

Open Questions | Trump’s ‘imperial’ agenda and the end of the old world order: Luuk van Middelaar

Political theorist says rapid acceleration of the US president’s ‘offensive, almost imperial’ agenda has left Europe disoriented.

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Illustration: Lau Ka-kuen
India

India’s trade blitz seeks to keep afloat a sinking global order

‘Jolted out of its slumber’ by US tariffs, New Delhi is aggressively diversifying trade alliances to act as a bridge in a polarised world.

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India

Opinion | Why the new US-India trade agreement is a big deal

The warming of New Delhi’s ties with Washington has implications for Russia, China and the global dynamics of trade and geopolitical power.

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China trade

China-Canada canola deal faces test as USMCA trade talks loom, insiders warn

Initial shipments bring hope, but ‘Fortress North America’ threat and lack of long-term guarantees leave producers wary of Beijing’s commitment.

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Bottles of Canola Harvest brand canola oil, made by a Canadian agribusiness firm, are seen on the shelf of a grocery store in Beijing. Photo: AP
China-EU relations

Stung by Trump’s policies, German multinationals cautiously pivot towards China

German firms are keen to invest more in China as they shy away from the US, but they still face issues in the Chinese market, business group says.

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Workers assemble vehicles at a Volkswagen plant in Qingdao, in China’s eastern Shandong province. Photo: AFP
South Korea

Coupang data leak threatens South Korea-US ties amid tariff tensions

The breach, which has fuelled public anger, shows how a domestic corporate scandal can escalate into a diplomatic flashpoint.

World Economic Forum (WEF) in Davos

Opinion | How Trump’s Davos spotlight was upstaged by middle powers breaking away

While they continue to flatter Trump, politicians and businesses are also pursuing new deals and trading partners, diversifying supply chains and exploring ways to reduce dependence on the US.

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United States

Opinion | Tariff by tariff, Trump is building a trade wall around the US

Amid the precarity of Trump’s limited economic success at home, trade wars abroad have only sped up the transition to a multipolar world.

US President Donald Trump leaves the annual meeting of the World Economic Forum in Davos, Switzerland, on January 22. Photo: EPA
Rare earths

From China chokehold to US stockpile, Europe looks for least bad rare earth bet

The EU industry chief secured a ‘commitment’ in Washington for a memorandum on critical minerals, but anxiety is growing.

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US-China trade war

Canada’s former deputy PM hopes for less economic dependency on China in future

Canada’s former deputy prime minister supports economic system ‘in which China works’ but other countries’ vulnerabilities are limited.

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Diplomacy

Opinion | American allies are finally hedging against American risk

As US policy becomes more self-centred and unpredictable, traditional allies realise their best bet lies with diplomatic diversification.

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Illustration: Craig Stephens
India

Why India may ‘gravitate back’ to US bloc after Trump-Modi tariff deal

Analysts doubt that India can buy more than US$500 billion of US products in a short span of time and stop buying Russian oil.

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US President Donald Trump hugs India’s Prime Minister Narendra Modi at a news conference in the White House in February last year. Photo: AP
United States

Trump lifts Russia-related oil tariffs on India under new trade deal

Under the pact, India’s tariffs have been reduced from 50 per cent to 18 per cent.

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Banking & finance

‘America First’ Fed? Why China economists doubt Trump’s pick can boost US dollar

Kevin Warsh unlikely to deliver long-term rebound while central bank independence still at risk, analysts say.

China economy

Opinion | US-China rivalry: great powers that don’t make things won’t be great for long

As globalisation falters, it is countries that focus on building productive capacity, not financial excess, that will come out on top.

Children play next to The Bund Bull sculpture in Shanghai on April 9, 2025. Photo: AFP
Diplomacy

Editorial | Starmer’s visit to China highlights benefits of dialogue over confrontation

While several deals were struck on the UK prime minister’s trip, the most important outcome is the willingness of the leaders of both countries to work constructively together.

British Prime Minister Keir Starmer with Chinese President Xi Jinping in Beijing on January 29. Photo: AP
United States

Outside In | Gradually, then suddenly, the world is waking up to the US threat

Middle powers are pivoting to Beijing and hedging with new partners as China’s economic displacement of the US rapidly expands.

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US-China relations

Opinion | How the world can design a new trade architecture

Even as the US overhauls world trade norms, China’s quiet but influential role in redefining globalisation is impossible to ignore.

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