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US-China trade war

US-China trade war
Breaking news and analysis on the US-China trade war, its history and timeline, and the impact on the global economy.
China’s domestic chip industry has made rapid advances in recent years, but it still lags the US in cutting-edge models. Photo: Shutterstock
US-China tech war

Why China may buy Nvidia’s AI chips as US eases curbs – and replace them later

As the US reverses Biden-era restrictions, Beijing likely to take advantage – without compromising own industry, analysts say.

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China trade

China trade surplus hits US$1.2 trillion even with Trump tariffs

Banking & finance

Growth in sovereign investors’ China exposure slows amid political tensions

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China trade

China’s US$1.2 trillion trade surplus

China posted its first trade surplus above US$1 trillion in 2025 as exporters reshaped operations to weather the US trade war and imports stagnated amid lower oil prices.

China’s US$1.2 trillion trade surplus
China trade

As China’s US exports plunge, Beijing banks on diversification for 2026 growth

Shipments to Asean and Africa surged to drive a record US$1.19 trillion surplus for China, offsetting headwinds as leaders push to boost local demand.

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Mainland China

US government approves Nvidia H200 chip exports to China

Trump administration on Tuesday gave the green light to China-bound sales of Nvidia’s second most powerful AI chips.

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United States

Not ‘Trump-compatible’? China expert Rudd exits Australia’s US ambassador role

Kevin ‌Rudd left his post a year ‍earlier than planned following criticism from US President Donald Trump at White House meeting in October.

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Australia’s ambassador to the United States, Kevin Rudd, is stepping down a year earlier than expected and is returning to lead the Asia Society think tank. Photo: TNS
China tariffs

Trade reset? China, Canada look to revive ties after US tariffs force rethink

Crude, copper and iron top Canada’s exports to China, as prime minister seeks to mend relationship with Beijing.

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US-China relations

Opinion | Trump’s audacious imperialism will only propel China’s rise

Far from setting China back, Trump’s foreign policy is bolstering the case for viewing Beijing as the driver of a more equitable world.

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China manufacturing

Fears over China’s trade surplus misplaced as West also driving trend: analysts

China’s global manufacturing dominance is a tale of two halves; reliant on home-grown industrial growth and Western consumption, experts say.

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An aerial drone photo shows a cargo ship docking at Lianyungang Port, east China’s Jiangsu Province. China’s foreign trade in goods has sustained strong resilience with steady growth in the first 11 months of 2025 despite external headwinds, according to official data. Photo: Xinhua
China trade

Will Trump’s Iran tariffs send China searching for new oil sources?

Analysts urge China to protect strategic interests abroad after unexpected announcement, which is likely to push up oil import costs.

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China, Iran’s largest trading partner, would be among the countries most affected by new US tariffs targeting Tehran’s commercial ties. Photo: Reuters
Donald Trump

Video | Trump slaps 25% extra tariffs on Iran’s trading partners

Trump announces tariffs ‘effective immediately’ on economies doing business with Tehran, including India and China, Iran’s largest trading partner.

US-China relations

China’s US embassy decries ‘coercion’ after Trump’s Iran tariff move

China’s embassy opposes Washington’s ‘long-arm jurisdiction’ after Trump announces a 25 per cent tariff on countries doing business with Iran.

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China's economic recovery

China prioritises export controls, supply chains to shield economy in 2026

Commerce ministry also pledges to boost domestic demand, services and two-way investment over coming year.

Beijing has deployed export controls amid the US-China trade war as well as trade and diplomatic disputes with other countries. Photo: AP
US-China relations

US government abandons plan to blacklist Chinese-made drones

Commerce Department, FCC make U-turn after barring imports of new Chinese drone models in December to address national security concerns.

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A US farmer uses a DJI drone to put crop cover on his farm in Hickory, North Carolina. The Trump administration has dropped a plan to impose restrictions on Chinese-made drones. Photo: AP
US-China relations

Trump-Xi diplomacy put to test thanks to contentious tit-for-tat Covid lawsuits

Unpaid billions of dollars in judgments against China sucks US State Department into escalating legal dispute, but Beijing remains defiant.

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China shipbuilding

China’s shipyards still lead the world, but US threats took a toll in 2025

Chinese shipbuilders saw their market share dip for the first time in five years in 2025, as uncertainty over US port fees roiled the industry.

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China trade

With US focused on Venezuela, China has window to pressure Japan: analysts

Beijing’s trade actions raise stakes with Tokyo, as China’s rare earth power and Japan’s chip dominance are seen as potentially key levers in their bilateral dispute.

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A worker helps make semiconductor chips for export at a factory in China’s Shandong province. Japan has a commanding market share in semiconductor equipment and materials. Photo: AFP
US-China relations

US will end China’s dominance of rare earths, Trump adviser Navarro predicts

The president’s trade aide says American innovation will ‘quickly wipe away’ Beijing’s ‘weaponisation’ of critical minerals.

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China's economic recovery

China says US trade war, tech curbs have spurred ‘independent innovation’

In the first year of new five-year plan, party mouthpiece says list of ‘chokepoint technologies’ is narrowing.

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Artificial intelligence

China to probe Meta’s purchase of Manus over export controls, tech concerns

Probe comes amid concerns the US$2.5 billion acquisition could breach tech export controls and encourage more start-ups to relocate offshore.

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The Manus AI logo is seen displayed on a smartphone screen with the Meta logo in the background. Photo: Getty Images
Electric & new energy vehicles

BYD’s win, Tesla’s defeat, Ford’s pivot: the widening gap in US-China EV markets

From wavering policy to cost gaps, analysts say decades of state backing have given China a decisive edge over US rivals.

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Cars come off the assembly line at BYD’s plant in Zhengzhou, central China’s Henan province. Photo: Xinhua
US-Venezuela conflict

US won’t rule out pressuring Venezuela to curb China, Russia ties

White House vows continued ‘American dominance in the western hemisphere’ as Trump claims Caracas will now buy ‘only American-made’ products.

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China trade

China initiates anti-dumping probe against Japan over key semiconductor chemical

Beijing’s investigation targets imports of dichlorosilane from Japan, alleging dumping that harms Chinese production, amid escalating bilateral and trade tensions.

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United States

Opinion | Why Asia should be concerned about the US attack on Venezuela

Venezuela matters less as a case in itself than as a signal of how energy is being repositioned amid intensifying US-China competition.

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A man walks past a sculpture outside a building of Venezuela’s state oil company PDVSA in Caracas, Venezuela, on May 17, 2019. Photo: Reuters
China economy

Price wars in China

Intense price competition in China, known as “neijuan” or involution, is causing deflationary risks, corporate losses, reduced investments and wage pressure.

Price wars in China
US-Venezuela conflict

Not just oil: is Trump’s Venezuela takeover also about critical minerals?

Venezuela, Greenland and Colombia all have large deposits of rare earths and other minerals needed by US technology and defence companies.

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US-Venezuela conflict

China, Russia won’t ‘dare test’ US, says Hegseth after Venezuela military op

US Secretary of Defence believes show of ‘absolute deterrence’ sends clear message to their ‘enemies’ and the ‘world is taking notice’.

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