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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.
Russian Foreign Minister Sergei Lavrov speaks during a session at Antalya Diplomacy Forum in Antalya, Turkey on Saturday. Photo: Reuters
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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Singapore

Singapore balances national interest with rising anti-US sentiment

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Donald Trump

King Charles to charm Trump on state visit overshadowed by US-UK rift

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China-EU relations

Brussels must resist ‘passive’ role in US-China trade war, EU chamber urges

European companies keep becoming ‘collateral damage’ in others’ disputes, laments president of the European Union Chamber of Commerce in China.

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Jens Eskelund, president of the European Union Chamber of Commerce in China, said European companies have suffered “significant operational and financial damage” while trying to navigate Beijing’s export controls on rare earths. Photo: EPA-EFE
Japan

Japan’s Trump tariff deal faces climate backlash over projects’ 20% carbon surge

Campaigners said the three US projects could generate greenhouse gas emissions equal to about 20 per cent of Japan’s annual total.

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US-China relations

Opinion | A stark clash of world views will overshadow Trump’s visit to China

As Xi and Trump prepare to meet, the divergence between their visions of global order has never been more acute.

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China-Latin America relations

Cattle prices rocket as Brazil set to exhaust Chinese beef quota by May

As Beijing tariff nears, Brazil’s exporters are rapidly reaching their quota for China, forcing South American industry to seek new buyers.

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People shop for beef at a supermarket in Fuzhou, Fujian province, China. Brazil’s beef exporters are rapidly filling their quota for China, leaving them now seeking new buyers. Photo: China News Service/VCG via Getty Images
Donald Trump

Trump’s tariff threat on European cars escalates global trade tensions

The US president said he will impose a 20 per cent tariff on all EU car imports, which could broaden a trade war already sparked with China.

Canada

Canada’s Carney on verge of majority after another Conservative MP jumps ship

Marilyn Gladu’s defection means the PM is just one seat short of the majority he says he needs to deal with Trump.

US, Israel war on Iran

Trump seeks US$1.5 trillion for defence in new budget request amid Iran war

If enacted, it would set military spending at its highest level in modern history, underscoring the US’ ongoing focus on defence investment.

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US President Donald Trump announces the US Navy’s “Golden Fleet” battleship programme at Mar-a-Lago in Palm Beach, Florida, in December 2025. Photo: AFP/Getty Images/TNS
China-Latin America relations

Brazil exporters bypass local banks to tap China’s US$1 trillion Sinosure fund

As Brazilian interest rates price out local lenders, Sinosure is quietly reshaping how Chinese goods reach the market.

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Brazilian importers buying from China are turning to the state-owned Chinese credit insurer, Sinosure, to sustain trade flows that reached US$158 billion in 2024. Photo: Shutterstock
China-Canada relations

Canada’s finance minister visits China as both countries seek to bolster ties

Francois-Philippe Champagne’s four-day trip comes close on the heels of Canadian Prime Minister Mark Carney’s visit to Beijing in January.

2026 Trump-Xi summit

Trump-Xi summit: US trade chief casts doubt on pre-meeting Beijing visit

Trade Representative Jamieson Greer says key Trump officials unlikely to meet Chinese counterparts, in a break from usual practice for talks.

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War and conflict

Macroscope | Iran war’s ripple effects are just getting started for Asia

From tariffs to supply chain disruption, Asian economies reliant on energy imports find themselves cornered between compounding crises.

A pedestrian walks past a petrol station in Tokyo, Japan, on March 18. Photo: EPA
US-China trade war

Trump pitches China trade ‘win’ to US farmers ahead of Xi meeting, midterms

Claims come despite farmers remaining unsure if China will meet its 25 million-tonne commitment for 2026, as planting season approaches.

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US President Donald Trump gestures to farmers from the Truman balcony of the White House in Washington on Friday. Photo: AFP
US-China relations

Trump-Xi summit: US announces new dates in May

Press secretary Karoline Leavitt says Trump will also host Chinese leader in Washington later this year.

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US-China relations

Trump-Xi summit will be very amicable, predicts former Biden official

Kurt Campbell expects to see both leaders being ‘extraordinarily polite and engaged’ during key rescheduled meeting despite Iran conflict.

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2026 Trump-Xi summit

Exclusive | What are the real reasons behind the change of date for Trump’s China visit?

After confirmation that the high-stakes Xi-Trump summit will be delayed, analysts find a complex story beneath the official surface.

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President Xi Jinping and his US counterpart Donald Trump were expected to meet again at the end of this month but the trip has been delayed. Photo: TNS
Asean

Opinion | Tariffs grab headlines, but non-tariff barriers decide winners in Asean

Trump’s flashy tariffs get the attention, but non-tariff barriers are what truly kill competition and leave firms and consumers worse off.

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Malaysia

Fate of US-Malaysia trade pact rests on Washington’s next move

The US$240 billion deal isn’t ‘null and void’ yet, says the trade minister, as Malaysia waits for Washington to submit updated terms.

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US-China relations

Beijing on Iran war, Trump trade plan, new AI arena: 7 US-China relations reads

From a new US maritime strategy to the Iran crisis, here are highlights from SCMP’s overseas correspondents in the first half of March 2026.

Plumes of smoke rise over Tehran, Iran, on March 1. Photo: Mowj/Middle East Images/AFP via Getty Images/TNS
Malaysia

Deal or no deal? Malaysia-US trade pact in turmoil after minister ‘misspeaks’

First, a minister called the deal dead. Then his ministry backtracked. Now the opposition is demanding answers.

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US President Donald Trump and Malaysian Prime Minister Anwar Ibrahim pictured in Kuala Lumpur, Malaysia, last October. Photo: AP
Asean

Can Asean break free from US-China supply chain grip?

The bloc will look for new markets and deepen regional cooperation to reduce trade uncertainty, economic ministers say.

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US-China trade war

China and US trade talks off to a low-key start after first meeting in Paris

Discussions expected to focus on trade, investment and rare earths ahead of crucial Xi-Trump summit later this month in Beijing.

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China-EU relations

Tariffs and distrust: EU’s bid to ditch China hits capacity problems

‘Thinly spread’ bloc seeks this week to thrash out memorandum on critical minerals with the US, eyeing a more formal instrument down the road.

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This week’s summit of EU leaders in Brussels is supposed to be about the bloc’s competitiveness, widely understood as a response to China’s state-backed industrial expansion. Photo: Reuters
Vietnam

Vietnam records world-highest trade surplus with US, surpassing Mexico, China

Vietnam’s exports to the US rose 53 per cent to exceed US$20 billion in January from a year earlier, official data ‌shows.

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A container ship sails from the Hai Phong International Container Port in Vietnam. Photo: Reuters
US-China trade war

Trump’s tariff investigation ‘bluff’ will not work on China, analysts warn

Beijing has grown wise to the US president’s ‘art of the deal’ tactics and will not be fazed by the new Section 301 investigations, analysts say.

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United States

US launches trade probe into China and EU in bid to revive Trump tariffs

The Section 301 investigations could lead to another set of import taxes to replace those struck down by the Supreme Court.

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