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Economy, Trade & Business
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China trade
US Federal Reserve
US-China trade war
Trump’s tariff powers tested again as court questions ‘deficit’ justification
Court weighs Section 122 tariffs as plaintiffs warn of shifting tactics and judges probe limits of ‘balance of payments’ claims.
11 Apr 2026 - 5:45AM
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2026 Trump-Xi summit
High fertiliser prices mean more soybeans for farmers – and greater reliance on China
11 Apr 2026 - 4:55AM
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Artificial intelligence
China banks buffer against AI contagions as US sweats over Anthropic’s Mythos
10 Apr 2026 - 11:00PM
United States
Chinese business ‘hired lobbying firm with ties to Donald Trump Jnr’
Lobbying firm Checkmate helped China’s Grand Pharmaceutical Group beat a US national security challenge, public filings show.
10 Apr 2026 - 7:16AM
Donald Trump Jnr. Photo: AP
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.
10 Apr 2026 - 4:41AM
United States
Trump lauds Beijing role in Iran truce, but clouds ceasefire with tariff threat
Markets rise on fragile pause in fighting, as Tehran keeps Hormuz shut and warns it may abandon deal if Israeli strikes on Lebanon continue.
9 Apr 2026 - 5:11AM
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2026 Trump-Xi summit
Only virtual talks, no new investment push before Xi-Trump summit: Greer
US Trade Representative underscores US seeks substantial tariffs, unhindered rare earth access, and a stability-preserving leaders’ meeting.
8 Apr 2026 - 10:04PM
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US Trade Representative Jamieson Greer speaks to reporters outside the White House. Photo: AP
US-China trade war
The US-China trade war 1 year on: who really holds the upper hand?
A fragile truce prevented all-out confrontation, but Beijing and Washington remain locked in a struggle few analysts see easing any time soon.
3 Apr 2026 - 6:15AM
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US-China trade war
As Xi-Trump summit approaches, tariffs continue to choke direct trade
Deficit with mainland hits two-decade low as trade shifts to Taiwan, Mexico and Vietnam amid tariff fallout and efforts to stabilise ties.
3 Apr 2026 - 5:42AM
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US, Israel war on Iran
Trump’s ex-China mineral-alliance plan faces cost surge amid Iran war oil shock
Analysts say Middle East turmoil is elevating commodity input costs, affecting processing efforts and prompting push for ‘friendshoring’ to secure resources.
2 Apr 2026 - 8:00PM
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China energy security
Open Questions
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Iran war to test China’s self-reliance, Goldman Sachs economist says
Andrew Tilton, Goldman’s chief Asia-Pacific economist, on Iran conflict’s impacts, why exports continue to drive China’s growth and an end to its housing slump.
2 Apr 2026 - 3:30PM
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Illustration: Lau Ka-kuen
China-Latin America relations
US threats for Chile, China tariffs Mexico: 7 Latin America relations reads
From Panama Canal woes to an undersea cable scandal in Chile, here are highlights from the SCMP’s foreign correspondents in March 2026.
1 Apr 2026 - 11:00PM
US-China trade war
US lawmakers call for major crackdown on China’s alleged sanctioned oil imports
Bipartisan panel argues sanctions have concentrated discounted oil in Beijing's hands – charges the Chinese government denies.
2 Apr 2026 - 11:59AM
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US, Israel war on Iran
How the Hormuz attacks stoke oil-shock fears and memories of 1970s stagflation
A timeline of past oil shocks is seen offering ‘clear lessons’ for today’s Strait of Hormuz crisis, with an eye on ripple effects and contingency tools.
31 Mar 2026 - 12:02AM
Yuan
Open Questions
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Kenneth Rogoff on why China’s yuan will be a reserve currency within 5 years
Harvard economist explains why cryptocurrencies will never take the US dollar’s place, despite their popularity in underground economies.
30 Mar 2026 - 10:03AM
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Illustration: Henry Wong
US-China trade war
China launches investigations into US trade practices. Why now?
Washington’s measures may breach WTO rules and past agreements, commerce ministry says.
27 Mar 2026 - 10:30PM
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US-China relations
Air China subsidiary to lease 10 Boeing jets in deals worth about US$400 million
The announcement comes weeks ahead of US President Donald Trump’s planned visit to China, where he is expected to conduct trade talks.
27 Mar 2026 - 10:00PM
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US-China relations
Open Questions
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Euro, Chinese yuan to end US dollar dominance, top economist says
Kenneth Rogoff sees yuan as a reserve currency within five years, Europe asserting financial independence and greater regulation of stablecoins.
26 Mar 2026 - 10:31AM
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Illustration: Henry Wong
Yuan
Does China need world-leading forex reserves? Globalising yuan revives debate
As Chinese currency ‘becomes more adopted globally’, report says it can replace many functions of a foreign exchange stockpile.
25 Mar 2026 - 12:15PM
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US, Israel war on Iran
US approves sale of Iranian oil at sea in move to ease crude supply crisis
The US says the move will bring 140 million barrels of oil to markets, even as Iran says it has no surplus crude to sell globally.
21 Mar 2026 - 8:55AM
US-China trade war
Trump administration moves to unify AI rules, bolster edge over China
Policy aims to increase federal government’s ability to fight national security concerns and counter Beijing’s growing dominance in sector.
21 Mar 2026 - 7:09AM
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China exports
US loses, Europe gains: what’s happening with China’s rare earth magnet exports?
Latest data shows a persistent drop in US-bound shipments and rising European imports.
20 Mar 2026 - 9:30PM
Blocks with symbols and atomic numbers of rare earth elements in this illustration taken on February 6. Photo: Reuters
Banking & finance
US federal debt becoming ‘alarmingly unsustainable’ as Iran war fuels spending
Washington’s rapid accumulation of sovereign debt sparks outcry, with some analysts questioning if Trump has the political will to cut the deficit.
20 Mar 2026 - 10:00AM
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US-China relations
US-China split on digital money deepens as stablecoin debate stalls Clarity Act
Crypto push for yield clashes with banks, slowing US legislation as China advances interest-bearing e-CNY on a different path.
20 Mar 2026 - 1:22AM
US-China trade war
Fears grow over US drug supply’s growing dependence on Chinese ingredients
Beijing’s global pharmaceutical push follows same playbook as rare earths, semiconductors and electric vehicles, warn US lawmakers.
19 Mar 2026 - 5:33AM
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