https://www.scmp.com/rss/327755/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Mark Magnier,Teresa Elena Frontado,Dewey Sim,Lucy Quaggin Mark Magnier,Teresa Elena Frontado,Dewey Sim,Lucy Quaggin As US President Donald Trump landed back in Washington on Friday after his two-day summit in Beijing with Chinese President Xi Jinping, a quick US assessment on one of the most consequential diplomatic visits of Trump’s presidency was: impressive optics, trademark flawless Chinese hosting, but disappointing concrete achievements, according to analysts, industry trade groups and former US officials. “The economic deliverables coming out of the Trump-Xi meeting are way below expectations. In light... https://www.scmp.com/news/china/diplomacy/article/3353782/trump-leaves-china-after-much-pomp-and-pageantry-little-show-it?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3353782/trump-leaves-china-after-much-pomp-and-pageantry-little-show-it?utm_source=rss_feed Fri, 15 May 2026 22:50:39 +0000 Agence France-Presse Agence France-Presse Prime Minister Mark Carney and the leader of Canada’s oil-rich Alberta province took a major step on Friday towards building an oil pipeline that could substantially increase crude exports to Asia. Expanding overseas energy exports has emerged as a key part of Carney’s strategy to reduce Canada’s economic reliance on the US, but plans for a new pipeline are facing stiff resistance over environmental concerns. Alberta’s conservative Premier Danielle Smith was a relentless critic of Carney’s... https://www.scmp.com/news/world/united-states-canada/article/3353780/canada-takes-key-step-towards-new-oil-pipeline-serve-asia-markets?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3353780/canada-takes-key-step-towards-new-oil-pipeline-serve-asia-markets?utm_source=rss_feed Fri, 15 May 2026 21:24:09 +0000 Mia Nurmamat Mia Nurmamat As trade wars and deadly conflicts expose Asia’s vulnerability to geopolitical shocks, Chinese policymakers and advisers are warning of an “urgent need” for the world’s biggest trading bloc to reshape regional energy and manufacturing supply chains. Members of the Beijing-backed Asia-Pacific framework must reduce their reliance on vulnerable shipping routes and use the certainty of collaboration to offset growing geopolitical uncertainty, the experts urged at a forum in China’s southern island... https://www.scmp.com/economy/global-economy/article/3353401/reshaping-rcep-china-advisers-urge-trade-overhaul-shield-bloc-global-shocks?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3353401/reshaping-rcep-china-advisers-urge-trade-overhaul-shield-bloc-global-shocks?utm_source=rss_feed Wed, 13 May 2026 07:11:11 +0000 Lucy Quaggin Lucy Quaggin The United States announced on Tuesday that it would send a delegation to the second Asia-Pacific Economic Cooperation (Apec) 2026 Senior Officials’ Meeting (SOM2) and related meetings in China this month, just hours after US President Donald Trump departed for Beijing ahead of a high-stakes summit with Chinese counterpart Xi Jinping. The US delegation will head to Shanghai and Suzhou from May 11 to 24 to “continue advancing ‘America first’ foreign, trade, and investment policies,” according to... https://www.scmp.com/news/china/diplomacy/article/3353339/us-confirms-delegation-apec-meeting-china-hours-after-trump-sets-beijing?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3353339/us-confirms-delegation-apec-meeting-china-hours-after-trump-sets-beijing?utm_source=rss_feed Tue, 12 May 2026 23:22:51 +0000 Reuters Reuters The US customs agency has ⁠processed refunds including interest ⁠worth US$35.46 billion as of ⁠May 11 for tariffs imposed by President Donald Trump last year that were deemed illegal, according to a Tuesday court filing. As of 7am on May 11, ‌the US Customs and Border Protection had received 126,237 applications for refunds covering an undisclosed number of shipments or entries, according to the court filing. The agency said it had validated 86,874 of those applications covering 15.1 million... https://www.scmp.com/news/world/united-states-canada/article/3353327/us-finalises-us355-billion-refunds-illegal-trump-tariffs?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3353327/us-finalises-us355-billion-refunds-illegal-trump-tariffs?utm_source=rss_feed Tue, 12 May 2026 17:15:54 +0000 Sophie Wushuang Yi Sophie Wushuang Yi When US President Donald Trump announced that 5,000 US troops would leave Germany, the immediate reading in Western capitals was political: another round in Trump’s running quarrel with European allies, triggered by German Chancellor Friedrich Merz’s criticism of Washington’s handling of the war with Iran. For Beijing, the more interesting reading is structural. The drawdown coincides with a period in which Foreign Minister Wang Yi has spent much of 2026 cultivating a “partners not rivals”... https://www.scmp.com/opinion/china-opinion/article/3352882/china-shouldnt-view-tired-us-signifying-europe-ready-pivot?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3352882/china-shouldnt-view-tired-us-signifying-europe-ready-pivot?utm_source=rss_feed Sun, 10 May 2026 12:30:05 +0000 Mark Magnier Mark Magnier US President Donald Trump filed an appeal on Friday after the latest legal setback to his signature tariff policy, piling on more chaos and global uncertainty and setting up a new tussle over billions of US dollars in refunds. The appeal follows a decision on Thursday by the US Court of International Trade that invalidated his use of a Section 122 trade provision that saw him slap 10 per cent import taxes on nearly every country on earth. In its ruling, the court found that he failed to meet the... https://www.scmp.com/news/us/diplomacy/article/3352965/trump-appeals-latest-court-loss-tariffs-chaos-and-uncertainty-amp?utm_source=rss_feed https://www.scmp.com/news/us/diplomacy/article/3352965/trump-appeals-latest-court-loss-tariffs-chaos-and-uncertainty-amp?utm_source=rss_feed Fri, 08 May 2026 22:29:53 +0000 Igor Patrick Igor Patrick Brazilian President Luiz Inacio Lula da Silva told US President Donald Trump on Thursday that his country’s rare earth reserves are open to investment from China and any other nation willing to process the minerals on Brazilian soil, resisting pressure to side with Washington in its contest with Beijing over critical mineral supply chains. “We have no preference. What we want is to share with whoever wants to invest in Brazil,” Lula said at a press conference at the Brazilian embassy in... https://www.scmp.com/news/china/diplomacy/article/3352824/lula-wont-sideline-china-or-anyone-rare-earths-tells-trump-refining-stays-brazil?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3352824/lula-wont-sideline-china-or-anyone-rare-earths-tells-trump-refining-stays-brazil?utm_source=rss_feed Thu, 07 May 2026 23:01:58 +0000 Agence France-Presse Agence France-Presse US President Donald Trump on Thursday said the European Union must ratify its trade deal with the United States by July 4 or face “much higher” tariffs, after European officials fell short of agreement on the pact. The US president said he spoke to EU chief Ursula von der Leyen about the issue and “agreed to give her until our Country’s 250th Birthday or, unfortunately, their Tariffs would immediately jump to much higher levels”. The Fourth of July holiday this year marks 250 years since the... https://www.scmp.com/news/world/united-states-canada/article/3352820/trump-gives-eu-until-july-4-ratify-deal-or-face-tariff-hike?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3352820/trump-gives-eu-until-july-4-ratify-deal-or-face-tariff-hike?utm_source=rss_feed Thu, 07 May 2026 21:19:57 +0000 Finbarr Bermingham Finbarr Bermingham The EU’s outgoing top trade official used her departing appearance at the European Parliament to pour cold water on the prospect of an investment deal with China, hinting instead that new weapons for dealing with Chinese “macroeconomic imbalances” could be on the way. Sabine Weyand, who is leaving her role as the EU’s director general for trade after a seven-year tenure, said the Comprehensive Agreement on Investment – signed in the last days of 2020 but frozen soon after in a row over human... https://www.scmp.com/news/china/diplomacy/article/3352714/china-eu-investment-deal-should-stay-deep-freezer-warns-outgoing-trade-chief?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3352714/china-eu-investment-deal-should-stay-deep-freezer-warns-outgoing-trade-chief?utm_source=rss_feed Thu, 07 May 2026 06:35:20 +0000 Mark Magnier Mark Magnier The scheduled summit next week between US President Donald Trump and Chinese President Xi Jinping will almost certainly include proclamations about cooperation, friendship and respect between the leaders of the world’s two largest economies, but beneath the surface, major trade conflict is building, said trade experts on Wednesday. In the past, a weaker China was forced to grit its teeth and grudgingly accept US tariffs, export restrictions and other restrictions, but Beijing has quietly and... https://www.scmp.com/news/china/diplomacy/article/3352674/trump-xi-summit-hides-simmering-trade-tensions-under-surface-industry-experts-say?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3352674/trump-xi-summit-hides-simmering-trade-tensions-under-surface-industry-experts-say?utm_source=rss_feed Wed, 06 May 2026 21:11:48 +0000 Igor Patrick Igor Patrick China’s top diplomat on the US-Mexico border denounced protectionism as a dead end at the weekend, delivering a pointed defence of open trade just weeks before Mexico, the United States and Canada sit down to review the United States-Mexico-Canada Agreement (USMCA) that governs North American commerce. Consul General Fu Xinrong told a business gathering in Tijuana that unilateralism benefits no one and called on nations to build economic ties based on sovereignty and mutual respect rather than... https://www.scmp.com/news/china/diplomacy/article/3352418/chinas-consul-tijuana-calls-protectionism-dead-end-trade-tensions-us-escalate?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3352418/chinas-consul-tijuana-calls-protectionism-dead-end-trade-tensions-us-escalate?utm_source=rss_feed Mon, 04 May 2026 19:40:46 +0000 Associated Press Associated Press US President Donald Trump said on Friday that he would increase the tariffs charged on cars and trucks from the European Union next week to 25 per cent, a move that could jolt the world economy at a fragile moment. Trump said in the post that the EU “is not complying with our fully agreed to Trade Deal”, though he did not flesh out his objections in the post. Trump and European Commission President Ursula von der Leyen had agreed to the trade deal last July. It set a 15 per cent tariff on most... https://www.scmp.com/news/world/united-states-canada/article/3352191/trump-put-25-tariffs-eu-cars-says-bloc-not-complying-trade-deal?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3352191/trump-put-25-tariffs-eu-cars-says-bloc-not-complying-trade-deal?utm_source=rss_feed Fri, 01 May 2026 17:00:05 +0000 SCMP SCMP We have selected six of the most interesting and important news stories covering Latin American relations from the past few weeks. If you would like to see more of our reporting, please consider subscribing. 1. Chile exposes smuggling ring that shipped US$917m in stolen copper to China Chinese buyers were the end destination of a five-year smuggling pipeline that drained an estimated US$917 million worth of stolen copper from Chile, authorities said in April after police dismantled the network... https://www.scmp.com/news/china/diplomacy/article/3351914/beijing-backs-cuba-brazil-slams-byd-slave-labour-conditions-latin-america-relations-reads?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3351914/beijing-backs-cuba-brazil-slams-byd-slave-labour-conditions-latin-america-relations-reads?utm_source=rss_feed Fri, 01 May 2026 15:00:09 +0000 Associated Press Associated Press US President Donald Trump said on Thursday that he was removing certain tariffs on Scotch whisky after this week’s White House visit by the UK’s King Charles and Queen Camilla. “The King and Queen got me to do something that nobody else was able to do, without hardly even asking!” Trump posted on social media. Trump said people had wanted this change, especially with regard to the wooden barrels in which the spirits of Scotch and bourbon can be aged. His post left it unclear if the tariffs were... https://www.scmp.com/news/world/united-states-canada/article/3352087/trump-says-hes-lifting-some-tariffs-scotch-whisky-after-king-charles-visit?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3352087/trump-says-hes-lifting-some-tariffs-scotch-whisky-after-king-charles-visit?utm_source=rss_feed Thu, 30 Apr 2026 20:59:21 +0000 Ralph Jennings Ralph Jennings Canada plans to allow more flight connections to China, as it seeks to rebuild ties with Beijing and capitalise on rising demand for Canadian travel among Chinese tourists, but airlines may be reluctant to add new routes due to soaring jet fuel costs and a lack of access to Russian airspace. Steven MacKinnon, Canada’s transport minister, announced last week that Ottawa would permit an “incremental” increase in direct passenger combination flights to China and up to 20 cargo flights per week. The... https://www.scmp.com/economy/china-economy/article/3351717/canadas-push-rebuild-ties-china-hits-snag-lack-direct-flights?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3351717/canadas-push-rebuild-ties-china-hits-snag-lack-direct-flights?utm_source=rss_feed Tue, 28 Apr 2026 14:00:14 +0000 Biman Mukherji Biman Mukherji A free-trade agreement signed between India and New Zealand has marked yet another regional push towards diversification and away from overdependence on major powers. The deal, which comes after 15 years of on-and-off negotiations, gained urgency in recent weeks as Indian exporters contend with the closure of the Strait of Hormuz and steep American tariffs that have rattled supply chains. New Zealand, for its part, has been pursuing a strategy to reduce dependence on China, its largest trading... https://www.scmp.com/week-asia/economics/article/3351708/india-new-zealand-boost-trade-diversification-forward-looking-pact?utm_source=rss_feed https://www.scmp.com/week-asia/economics/article/3351708/india-new-zealand-boost-trade-diversification-forward-looking-pact?utm_source=rss_feed Tue, 28 Apr 2026 10:00:28 +0000 Agence France-Presse Agence France-Presse The US does not get to dictate the terms of coming trade talks, Canadian Prime Minister Mark Carney said on Wednesday, following reports Washington wants an “entry fee” before agreeing to open negotiations. The United States and Canada are set to hold talks on revising a North American free trade agreement, a pact US President Donald Trump signed and praised during his first term but now dismisses as “irrelevant”. Quoting multiple Canadian sources, Canada’s public broadcaster CBC reported on... https://www.scmp.com/news/world/united-states-canada/article/3351058/trump-team-demands-entry-fee-canada-talks-carney-says-us-doesnt-dictate-terms?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3351058/trump-team-demands-entry-fee-canada-talks-carney-says-us-doesnt-dictate-terms?utm_source=rss_feed Wed, 22 Apr 2026 20:03:47 +0000 Khushboo Razdan Khushboo Razdan For Tim Avanzato and the team at Lanca Sales, Monday marked the start of a high-stakes digital scramble to recover tariffs paid after US President Donald Trump imposed steep duties on almost all imports, including from China, last year. While the New Jersey-based company that imports and exports food packaging has become accustomed to operating under tariffs and adjusting its business around them, Avanzato, who handles global trade and logistics at the firm, said the refund process has... https://www.scmp.com/news/us/diplomacy/article/3350794/us-firms-dash-recover-tariffs-paid-chinese-imports-refund-system-launches?utm_source=rss_feed https://www.scmp.com/news/us/diplomacy/article/3350794/us-firms-dash-recover-tariffs-paid-chinese-imports-refund-system-launches?utm_source=rss_feed Mon, 20 Apr 2026 22:11:14 +0000 Finbarr Bermingham Finbarr Bermingham Sven Biscop is a Belgian political scientist and strategist specialising in the foreign affairs and security of the EU and its relations with great powers. He is a director at the Egmont Royal Institute for International Relations in Brussels and a professor at Ghent University. He is also a senior research fellow at Renmin University in Beijing, where he teaches in the summer. Biscop is the author of many books, including 2024’s This Is Not a New World Order: Europe Rediscovers Geopolitics,... https://www.scmp.com/news/china/diplomacy/article/3350626/saying-youre-geopolitical-actor-doesnt-make-it-so-sven-biscop-europe?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3350626/saying-youre-geopolitical-actor-doesnt-make-it-so-sven-biscop-europe?utm_source=rss_feed Sun, 19 Apr 2026 22:00:19 +0000 Associated Press Associated Press Canadian Prime Minister Mark Carney said in a video address released on Sunday that Canada’s strong economic ties to the United States were once a strength but are now a weakness that must be corrected. In the 10-minute address, Carney spoke about his government’s efforts to strengthen the Canadian economy by attracting new investments and signing trade deals with other countries. “The world is more dangerous and divided,” Carney said. “The US has fundamentally changed its approach to trade,... https://www.scmp.com/news/world/united-states-canada/article/3350656/canadas-carney-says-economic-ties-us-are-weakness-must-be-corrected?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3350656/canadas-carney-says-economic-ties-us-are-weakness-must-be-corrected?utm_source=rss_feed Sun, 19 Apr 2026 18:55:45 +0000 Biman Mukherji Biman Mukherji The global balance of power has tilted to major emerging economies such as China and India as US hegemony is increasingly undermined – much of it by its own actions, Russia’s Foreign Minister Sergey Lavrov said. In his speech on Saturday at the fifth Antalya Diplomacy Forum in Turkey, Lavrov argued that the foundations of globalisation powered primarily by America had “come to an end”. He added that the trend had been under way during former US president Joe Biden’s administration, and that... https://www.scmp.com/week-asia/politics/article/3350598/russias-lavrov-says-balance-power-shifting-emerging-economies?utm_source=rss_feed https://www.scmp.com/week-asia/politics/article/3350598/russias-lavrov-says-balance-power-shifting-emerging-economies?utm_source=rss_feed Sat, 18 Apr 2026 15:42:35 +0000 Jean Iau Jean Iau In a rare public protest in Singapore, hundreds gathered in Hong Lim Park over the weekend to denounce the “US war machine”. They brandished placards and banners, including one with horns drawn on US presidents past and present captioned: “This is what terrorists look like.” The demonstration, which required organisers to get permission from the authorities, came as public sentiment across the region sours against Washington. Observers attribute this to the perception that the United States has... https://www.scmp.com/week-asia/politics/article/3350160/are-us-singapore-relations-under-pressure-public-trust-declines?utm_source=rss_feed https://www.scmp.com/week-asia/politics/article/3350160/are-us-singapore-relations-under-pressure-public-trust-declines?utm_source=rss_feed Wed, 15 Apr 2026 09:00:09 +0000 Reuters Reuters Britain’s King Charles will have tea and a private meeting with ⁠President Donald Trump during his US state visit later this month, as the UK government hopes his “soft power” can heal a damaging rift between the allies caused by the Iran war. The monarch and his wife Queen Camilla head across the Atlantic on April 27, a four-day trip ostensibly to mark the 250th anniversary of US independence from Britain but one that now has far greater significance amid a growing spat between Trump and ‌Prime... https://www.scmp.com/news/world/united-states-canada/article/3350114/britains-king-charles-charm-trump-state-visit-overshadowed-us-uk-rift?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3350114/britains-king-charles-charm-trump-state-visit-overshadowed-us-uk-rift?utm_source=rss_feed Wed, 15 Apr 2026 03:27:55 +0000 Xinyi Wu Xinyi Wu A leading European business association in China has urged Brussels to avoid becoming a “passive recipient” of US-China trade negotiations, as European firms scramble to navigate Beijing’s export controls. In a report released on Tuesday, the European Union Chamber of Commerce in China asserted that the EU must take the lead in discussions affecting its interests, while urging Beijing to avoid a one-size-fits-all approach to export controls. “We’re in a situation where Europe simply cannot... https://www.scmp.com/economy/global-economy/article/3349937/brussels-must-resist-passive-role-us-china-trade-war-eu-chamber-urges?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3349937/brussels-must-resist-passive-role-us-china-trade-war-eu-chamber-urges?utm_source=rss_feed Tue, 14 Apr 2026 01:30:14 +0000 Julian Ryall Julian Ryall Japan’s effort to shield itself from President Donald Trump’s tariffs is facing a new backlash, with environmental groups warning that US projects tied to Tokyo’s investment pledge could generate greenhouse gases equal to around 20 per cent of Japan’s annual emissions. The Japanese government agreed to invest 5.7 trillion yen (US$35.6 billion) in the three projects as part of the first round of spending on US infrastructure in return for Trump’s tariffs being suspended. In total, the bilateral... https://www.scmp.com/week-asia/health-environment/article/3349936/japans-bid-avert-trump-tariffs-draws-fire-over-climate-impact-us-projects?utm_source=rss_feed https://www.scmp.com/week-asia/health-environment/article/3349936/japans-bid-avert-trump-tariffs-draws-fire-over-climate-impact-us-projects?utm_source=rss_feed Tue, 14 Apr 2026 00:00:15 +0000 Peter T. C. Chang Peter T. C. Chang With the coming summit between Chinese President Xi Jinping and US President Donald Trump back on schedule for May, the two leaders present two starkly different paths for the world: one defined by a “community with a shared future” and the other driven by unpredictable impulses of rivalry and division. While Trump postponed the April summit to engage Xi without the distractions of the war he launched on Iran, a swift resolution before their meeting does not seem likely – despite the newly... https://www.scmp.com/opinion/china-opinion/article/3349273/can-community-shared-future-prevail-over-zero-sum-rivalry?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3349273/can-community-shared-future-prevail-over-zero-sum-rivalry?utm_source=rss_feed Fri, 10 Apr 2026 01:30:10 +0000 Igor Patrick Igor Patrick Brazil is set to exhaust its annual beef export quota to China by early May, industry officials said, as cattle prices hit a nominal record and Beijing’s import restrictions forced exporters across South America to scramble for alternative markets. The benchmark price for finished cattle tracked by the Centre for Advanced Studies on Applied Economics at the University of Sao Paulo reached R$365 (US$71.57) per arroba (per 11.5-15kg) on Wednesday, a gain of 12.5 per cent over the past 12 months,... https://www.scmp.com/news/china/diplomacy/article/3349571/brazil-track-fill-china-beef-export-quota-may-prices-hit-all-time-high?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3349571/brazil-track-fill-china-beef-export-quota-may-prices-hit-all-time-high?utm_source=rss_feed Thu, 09 Apr 2026 19:28:30 +0000 Bloomberg Bloomberg US President Donald Trump said he plans to impose a 20 per cent tariff on all cars imported from the European Union unless the trade bloc “soon” removes import duties and other barriers to US goods, escalating global trade tensions. “Based on the Tariffs and Trade Barriers long placed on the US and it great companies and workers by the European Union, if these Tariffs and Barriers are not soon broken down and removed, we will be placing a 20% Tariff on all of their cars coming into the US. Build... https://www.scmp.com/news/world/united-states-canada/article/3349566/trumps-tariff-threat-european-cars-escalates-global-trade-tensions?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3349566/trumps-tariff-threat-european-cars-escalates-global-trade-tensions?utm_source=rss_feed Thu, 09 Apr 2026 17:44:44 +0000 Reuters Reuters A Canadian opposition legislator defected to the ruling Liberal Party on Wednesday, leaving Prime Minister Mark Carney on the verge of a parliamentary majority that would make it easier to push through his agenda. The centrist Liberals, ‌governing with a minority after the April 2025 election, need opposition support to pass key legislation. Carney says he needs a majority to deal with US President Donald Trump’s trade measures. The prime minister welcomed the defection by Marilyn Gladu – a... https://www.scmp.com/news/world/united-states-canada/article/3349435/canadas-carney-verge-majority-after-another-conservative-mp-jumps-ship?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3349435/canadas-carney-verge-majority-after-another-conservative-mp-jumps-ship?utm_source=rss_feed Wed, 08 Apr 2026 20:11:53 +0000 Yuanyue Dang Yuanyue Dang US President Donald Trump is seeking congressional approval for US$1.5 trillion in defence spending in his new budget proposal, underscoring his administration’s focus on military investment as the country remains engaged in conflict in the Middle East. The blueprint released by the White House on Friday for the financial year 2027 proposes a 44 per cent increase in the US defence budget – implementing the widely controversial plan first unveiled by Trump in a January social media post. If... https://www.scmp.com/news/us/politics/article/3349007/trump-administration-seeks-us15-trillion-defence-new-budget-request?utm_source=rss_feed https://www.scmp.com/news/us/politics/article/3349007/trump-administration-seeks-us15-trillion-defence-new-budget-request?utm_source=rss_feed Fri, 03 Apr 2026 18:26:42 +0000 Igor Patrick Igor Patrick With one of the world’s highest benchmark interest rates among major economies, Brazilian importers who buy from China are turning to a state-owned Chinese credit insurer to sustain trade flows that reached US$158 billion in 2024. Facing working capital lines that cost upwards of two per cent a month, equivalent to roughly 27 per cent a year according to market calculations, mid-sized importers are securing deferred payment terms directly from Chinese suppliers through credit limits backed by... https://www.scmp.com/news/china/diplomacy/article/3348719/how-chinas-state-insurer-turning-brazils-credit-crisis-export-advantage?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3348719/how-chinas-state-insurer-turning-brazils-credit-crisis-export-advantage?utm_source=rss_feed Wed, 01 Apr 2026 19:21:11 +0000 Xiaofei Xu Xiaofei Xu Canada’s finance minister will travel to China for a four-day visit, China’s Finance Ministry said in a statement on Wednesday. “Following the Prime Minister’s visit, I am travelling to the People’s Republic of China to re-engage with counterparts, strengthen our economic relationship, and advance priorities on trade and investment, building on our existing [Canadian] $118.9B [US$85.7 billion] in two-way trade,” Canadian Finance Minister Francois-Philippe Champagne said in a social media post on... https://www.scmp.com/economy/article/3348710/canadas-finance-minister-visits-china-both-countries-seek-bolster-ties?utm_source=rss_feed https://www.scmp.com/economy/article/3348710/canadas-finance-minister-visits-china-both-countries-seek-bolster-ties?utm_source=rss_feed Wed, 01 Apr 2026 14:24:44 +0000 Khushboo Razdan Khushboo Razdan Washington’s top trade negotiator suggested on Tuesday that, in a break from usual practice, members of US President Donald Trump’s cabinet will not visit Beijing ahead of the expected mid-May summit with President Xi Jinping to prepare or discuss deliverables. “I don’t think we’re going to need to do that,” Jamieson Greer, US Trade Representative, said in an interview with Bloomberg Television when asked about meeting his Chinese counterparts soon, ahead of the much-anticipated leaders’... https://www.scmp.com/news/us/diplomacy/article/3348590/trump-xi-summit-us-trade-chief-casts-doubt-pre-meeting-beijing-visit?utm_source=rss_feed https://www.scmp.com/news/us/diplomacy/article/3348590/trump-xi-summit-us-trade-chief-casts-doubt-pre-meeting-beijing-visit?utm_source=rss_feed Tue, 31 Mar 2026 20:19:16 +0000 Anthony Rowley Anthony Rowley The law of unintended consequences, a theory popularised by American sociologist Robert K Merton, has rarely been more applicable to any situation than to US President Donald Trump’s war with Iran. Those consequences will be far greater than generally imagined. Their impact will fall heavily on Asia, the world’s most energy-import-dependent region and will almost certainly hurt US ally Japan more than it will the US’ main rival, China. Indeed, China may even emerge from the crisis with an... https://www.scmp.com/opinion/asia-opinion/article/3348014/asia-worst-effects-trumps-war-iran-are-yet-come?utm_source=rss_feed https://www.scmp.com/opinion/asia-opinion/article/3348014/asia-worst-effects-trumps-war-iran-are-yet-come?utm_source=rss_feed Sat, 28 Mar 2026 08:30:08 +0000 Khushboo Razdan Khushboo Razdan As US President Donald Trump heads to a delayed, high-stakes mid-May summit with President Xi Jinping in Beijing, he is already claiming victory, touting on Friday past trade talks with Xi as a win for American farmers, a crucial electoral bloc battered by his tariffs and the ongoing war with Iran. “Thanks to our trade deals, you’re now sending over US$40 billion in American soybeans to China,” Trump said on Friday, telling farmers and ranchers at the White House he personally secured the... https://www.scmp.com/news/us/diplomacy/article/3348219/trump-pitches-china-trade-win-us-farmers-ahead-xi-meeting-midterms?utm_source=rss_feed https://www.scmp.com/news/us/diplomacy/article/3348219/trump-pitches-china-trade-win-us-farmers-ahead-xi-meeting-midterms?utm_source=rss_feed Fri, 27 Mar 2026 22:21:27 +0000 Khushboo Razdan,Mark Magnier Khushboo Razdan,Mark Magnier After weeks of speculation and behind-the-scenes intrigue over the delayed summit between President Xi Jinping and US President Donald Trump, the White House announced on Wednesday new dates for the long-anticipated, high-stakes meeting. “I’m pleased to announce that President Trump’s … long-awaited meeting with President Xi in China will now take place in Beijing on May 14 and 15,” White House spokeswoman Karoline Leavitt said. In a social media post, Trump described Xi as “the highly respected... https://www.scmp.com/news/china/diplomacy/article/3347914/xi-trump-summit-white-house-locks-new-dates-may?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3347914/xi-trump-summit-white-house-locks-new-dates-may?utm_source=rss_feed Wed, 25 Mar 2026 18:46:14 +0000 Xinmei Shen Xinmei Shen US President Donald Trump’s focus on short-term deliverables and Chinese President Xi Jinping’s bid for bilateral stability are likely to mean an exceptionally amicable summit when they finally sit down, despite “unusual” circumstances brought by the Iran conflict, former senior US diplomat Kurt Campbell said. Trump and Xi’s upcoming high-stakes meeting in Beijing, which was postponed for at least five weeks from its original March 31 date, will see both leaders be “extraordinarily polite and... https://www.scmp.com/news/china/diplomacy/article/3347642/former-biden-official-says-trump-xi-summit-will-go-well-amid-unusual-circumstances?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3347642/former-biden-official-says-trump-xi-summit-will-go-well-amid-unusual-circumstances?utm_source=rss_feed Mon, 23 Mar 2026 21:01:23 +0000 Khushboo Razdan,Mark Magnier,Dewey Sim Khushboo Razdan,Mark Magnier,Dewey Sim The official line is straightforward: US President Donald Trump asked for a delay to his long-anticipated summit in Beijing with Chinese leader Xi Jinping, and it has been pushed back by “a month or so”. According to the White House, moving the meeting allows Trump to remain in the US and manage the escalating war with Iran, including urgent efforts to reopen the Strait of Hormuz. But beneath the surface, a more complex story emerges: months of growing frustrations, mismatched expectations,... https://www.scmp.com/news/china/diplomacy/article/3347008/what-are-real-reasons-behind-change-date-trumps-china-visit?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3347008/what-are-real-reasons-behind-change-date-trumps-china-visit?utm_source=rss_feed Fri, 20 Mar 2026 22:00:08 +0000 Brian McFeeters Brian McFeeters When the Trump administration rolled out sweeping tariffs on “Liberation Day” in April 2025, the reaction across Southeast Asia was swift: markets dipped, supply chains scrambled and governments went into damage control. Governments had a choice: retaliate or negotiate. They negotiated. Southeast Asian countries including Indonesia, Malaysia and Cambodia have signed Agreements on Reciprocal Trade with the United States. Those deals lowered tariffs from their peak levels and opened market access... https://www.scmp.com/opinion/asia-opinion/article/3346872/why-tariffs-arent-biggest-factor-holding-back-us-asean-trade?utm_source=rss_feed https://www.scmp.com/opinion/asia-opinion/article/3346872/why-tariffs-arent-biggest-factor-holding-back-us-asean-trade?utm_source=rss_feed Wed, 18 Mar 2026 14:30:09 +0000 Joseph Sipalan Joseph Sipalan Malaysia will wait for Washington to submit updated terms before deciding its next steps on their tariff deal, the country’s trade minister has said – just days after he declared the agreement had been rendered “null and void” by a US Supreme Court ruling. The government began the week on the back foot as allies and critics demanded clarity on the status of the multibillion-dollar deal with the United States, after Trade Minister Johari Abdul Ghani was reported on Sunday to have said it was no... https://www.scmp.com/week-asia/economics/article/3346834/fate-us-malaysia-trade-pact-rests-washingtons-next-move?utm_source=rss_feed https://www.scmp.com/week-asia/economics/article/3346834/fate-us-malaysia-trade-pact-rests-washingtons-next-move?utm_source=rss_feed Tue, 17 Mar 2026 04:40:09 +0000 SCMP SCMP We have selected seven of the most interesting and important news stories covering US-China relations from the past few weeks. If you would like to see more of our reporting, please consider subscribing. 1. Trump slams European allies, praises China and continues to justify Iran attack US President Donald Trump used a White House meeting with the German Chancellor on March 3 to blast European allies, praise China, waffle on tariffs and argue that the attack he had launched against Iran days... https://www.scmp.com/news/china/article/3346569/beijing-iran-war-trumps-china-trade-plan-new-ai-arena-7-us-china-relations-reads?utm_source=rss_feed https://www.scmp.com/news/china/article/3346569/beijing-iran-war-trumps-china-trade-plan-new-ai-arena-7-us-china-relations-reads?utm_source=rss_feed Mon, 16 Mar 2026 14:30:08 +0000 Joseph Sipalan,Biman Mukherji Joseph Sipalan,Biman Mukherji Malaysia’s government has been forced onto the defensive over its much-touted tariff deal with the United States, after a minister walked back an earlier claim that the agreement had been rendered “null and void” by a US Supreme Court ruling. Prime Minister Anwar Ibrahim’s administration signed the deal in October, promising US$240 billion in investments and purchases of American goods, including beef and aircraft, in exchange for continued access to the world’s largest consumer market at a... https://www.scmp.com/week-asia/economics/article/3346749/confusion-over-malaysia-us-trade-deal-null-and-void-claim-retracted?utm_source=rss_feed https://www.scmp.com/week-asia/economics/article/3346749/confusion-over-malaysia-us-trade-deal-null-and-void-claim-retracted?utm_source=rss_feed Mon, 16 Mar 2026 09:14:40 +0000 Sam Beltran Sam Beltran As trade tensions and new US tariff investigations rattle global supply chains, Southeast Asian economies are looking to broaden their options. But analysts say that the region’s deep links with the United States and China mean any shift will be gradual rather than a clean break – and may yet work in Asean’s favour. The disruption could accelerate supply-chain diversification, drawing more manufacturing to the region from markets such as Europe, India and the Middle East. For now, however, the... https://www.scmp.com/week-asia/economics/article/3346594/how-asean-can-loosen-dependence-us-china-amid-trade-war-fallout?utm_source=rss_feed https://www.scmp.com/week-asia/economics/article/3346594/how-asean-can-loosen-dependence-us-china-amid-trade-war-fallout?utm_source=rss_feed Mon, 16 Mar 2026 02:00:11 +0000 Xiaofei Xu Xiaofei Xu China and the US ended the first day of trade talks in Paris on Sunday without any major developments. Talks will continue tomorrow when the US delegation is set to leave. The Chinese delegation will stay one more day before leaving on Tuesday. The first day of the sixth round of trade talks between the world’s two biggest economies – led by Chinese Vice-Premier He Lifeng and US Treasury Secretary Scott Bessent – was rather uneventful for journalists waiting outside the venue, the headquarters... https://www.scmp.com/economy/china-economy/article/3346687/us-china-trade-talks-low-key-start-negotiations-after-first-meeting-paris?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3346687/us-china-trade-talks-low-key-start-negotiations-after-first-meeting-paris?utm_source=rss_feed Sun, 15 Mar 2026 17:33:25 +0000 Finbarr Bermingham Finbarr Bermingham Ambassadors from the EU’s 27 member states will huddle in Brussels this week to thrash out a memorandum on critical minerals with the United States. Underpinning the debate will be a tension that girds many elements of the bloc’s dealings in 2026: capacity versus trust. Envoys will negotiate in the shadow of a new trade threat from US President Donald Trump, who last week shocked Brussels with a tariff investigation linked to overcapacity and forced labour of 60 economies, including China, the... https://www.scmp.com/news/china/diplomacy/article/3346639/tariffs-stockpiles-distrust-eus-messy-bid-ditch-china-hits-capacity-problems?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3346639/tariffs-stockpiles-distrust-eus-messy-bid-ditch-china-hits-capacity-problems?utm_source=rss_feed Sun, 15 Mar 2026 09:00:09 +0000 Reuters Reuters Vietnam produced the largest trade surplus with the United States in January, overtaking both Mexico and China, latest official US data shows, as its exports rose sharply while Chinese direct shipments to the United States fell. Hanoi has been negotiating a trade deal with Washington for months but no agreement has been reached because of the large trade gap and disagreements over tariff rates the US wants to impose on Vietnamese goods, officials have said. In January, Vietnam’s trade surplus... https://www.scmp.com/news/asia/southeast-asia/article/3346477/vietnam-records-world-highest-trade-surplus-us-surpassing-mexico-china?utm_source=rss_feed https://www.scmp.com/news/asia/southeast-asia/article/3346477/vietnam-records-world-highest-trade-surplus-us-surpassing-mexico-china?utm_source=rss_feed Fri, 13 Mar 2026 07:30:08 +0000 Frank Chen Frank Chen The United States’ decision to launch Section 301 investigations into alleged unfair trade practices by China and several other economies – which could allow Washington to reimpose higher tariffs – is a “bluff” designed to give US President Donald Trump some perceived leverage ahead of his expected trip to China, analysts said. But the threat is unlikely to work on Beijing, which has grown used to the president’s “art of the deal” tactics, they added. “Trump’s move before his China trip is... https://www.scmp.com/economy/china-economy/article/3346365/trumps-tariff-investigation-bluff-will-not-work-china-analysts-warn?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3346365/trumps-tariff-investigation-bluff-will-not-work-china-analysts-warn?utm_source=rss_feed Thu, 12 Mar 2026 11:00:12 +0000 Associated Press Associated Press The Trump administration on Wednesday opened a new trade investigation into manufacturing in foreign countries – an effort that comes after the Supreme Court struck down US President Donald Trump’s previous use of tariffs by declaring an economic emergency. Trump and his team have made clear that they’re seeking to replace the hundreds of billions of dollars in lost revenues after the Supreme Court’s February ruling by using different laws to establish new tariffs. In this case, the... https://www.scmp.com/news/world/united-states-canada/article/3346279/us-launches-trade-probe-china-and-eu-bid-revive-trump-tariffs?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3346279/us-launches-trade-probe-china-and-eu-bid-revive-trump-tariffs?utm_source=rss_feed Wed, 11 Mar 2026 23:46:48 +0000 Biman Mukherji Biman Mukherji India received some welcome news last week about its energy supply: it had been granted permission, by the United States, to take delivery of oil it had already bought. The tankers were already at sea – Russian crude, loaded and paid for, stranded in limbo by the disruptions sweeping out of the war on Iran. They needed a waiver, which US Treasury Secretary Scott Bessent announced on Thursday: a 30-day exemption allowing Indian refiners to receive the cargoes before American sanctions... https://www.scmp.com/week-asia/economics/article/3345954/indias-30-day-russian-oil-waiver-tied-us-crude-demands?utm_source=rss_feed https://www.scmp.com/week-asia/economics/article/3345954/indias-30-day-russian-oil-waiver-tied-us-crude-demands?utm_source=rss_feed Mon, 09 Mar 2026 10:00:14 +0000