https://www.scmp.com/rss/524404/feed Peter Navarro: An American economist, he served as Assistant to the President for Trade and Manufacturing Policy in the first Trump administration, directing the National Trade Council and Office of Trade and Manufacturing Policy. He was a key architect of Trump’s protectionist trade agenda, particularly advocating for tariffs and a hardline stance against China. A professor emeritus of economics and public policy, Navarro authored several books on trade and China. He is set to return as Senior... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Agence France-Presse Agence France-Presse Peru’s foreign and defence ministers resigned on Wednesday in protest over the interim president’s decision to stall a US$3.5 billion deal for the purchase of 24 US F-16 fighter jets. The ministers said the deal had already been signed and that to cast doubt on it now jeopardised Peru’s reputation as a trading partner. Despite the president’s declared wish to suspend the purchase, the Ministry of Economy announced late Wednesday that it had transferred US$462 million as part of an initial... https://www.scmp.com/news/world/americas/article/3351057/top-peru-ministers-resign-protest-over-stalled-us-fighter-jet-deal?utm_source=rss_feed https://www.scmp.com/news/world/americas/article/3351057/top-peru-ministers-resign-protest-over-stalled-us-fighter-jet-deal?utm_source=rss_feed Wed, 22 Apr 2026 19:00:36 +0000 Bloomberg Bloomberg US President Donald Trump’s White House trade adviser predicted American industrial breakthroughs would help boost domestic production and eliminate China’s market dominance of rare earths. “China has been flexing its muscles now in Europe, in India, in the United States saying, basically, we’re gonna do what we want, and if you try to stop us, we’re gonna take away your critical minerals,” Peter Navarro said in an interview on Bloomberg’s The Mishal Husain Show. “Because they have, they think... https://www.scmp.com/news/world/united-states-canada/article/3339243/us-will-end-chinas-dominance-rare-earths-trump-adviser-navarro-predicts?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3339243/us-will-end-chinas-dominance-rare-earths-trump-adviser-navarro-predicts?utm_source=rss_feed Thu, 08 Jan 2026 19:19:42 +0000 Nicholas Spiro Nicholas Spiro In an interview with Fox News in April, Peter Navarro, US President Donald Trump’s senior counsellor for trade and manufacturing, described Vietnam as “essentially a colony of communist China”. For someone who believes trade negotiations with Beijing are pointless, such extremist views are unsurprising. Yet the fact that Navarro, the chief architect of Trump’s trade wars, has it in for Vietnam attests to both the vulnerability and the strength of the country’s manufacturing sector. Among the... https://www.scmp.com/opinion/asia-opinion/article/3332154/vietnams-property-sector-prime-example-asias-tariff-resilience?utm_source=rss_feed https://www.scmp.com/opinion/asia-opinion/article/3332154/vietnams-property-sector-prime-example-asias-tariff-resilience?utm_source=rss_feed Mon, 10 Nov 2025 08:30:09 +0000 Sameed Basha Sameed Basha Markets that seemed initially unconcerned about US-China trade tensions reacted sharply last Friday to US President Donald Trump’s decision to impose an extra 100 per cent tariffs on Chinese imports. Wall Street, driven by AI-focused tech companies, lost around US$2 trillion in value. This increase in dependence on China’s supply chain suggests that any further escalation could trigger a market bubble burst. Mixed messaging from Trump to try to keep China off balance isn’t helping to ease... https://www.scmp.com/opinion/world-opinion/article/3328699/trumps-tariff-tirade-nothing-more-hurtful-political-theatre?utm_source=rss_feed https://www.scmp.com/opinion/world-opinion/article/3328699/trumps-tariff-tirade-nothing-more-hurtful-political-theatre?utm_source=rss_feed Mon, 13 Oct 2025 12:30:07 +0000 Kamala Thiagarajan Kamala Thiagarajan The Indian textile industry is staring down its worst crisis yet, as an additional 25 per cent tariff imposed by US President Donald Trump on India for buying Russian oil came into effect on August 27, taking the total levy on India’s exports to the United States to a staggering 50 per cent. Trump’s astounding tariffs not only threaten the successful 25-year-old trade partnership between the two countries but are also becoming a defining moment for India’s textiles, posing an existential threat... https://www.scmp.com/opinion/asia-opinion/article/3323947/indian-textile-industry-must-dig-deep-survive-us-tariff-shock?utm_source=rss_feed https://www.scmp.com/opinion/asia-opinion/article/3323947/indian-textile-industry-must-dig-deep-survive-us-tariff-shock?utm_source=rss_feed Tue, 02 Sep 2025 22:30:08 +0000 Yuanyue Dang Yuanyue Dang Three major world powers – China, India and Russia – all with various frictions with the United States, projected an image of solidarity on Monday in front of the international media during the Shanghai Cooperation Organisation (SCO) meeting in the northern Chinese city of Tianjin. During his first visit to China in seven years, Indian Prime Minister Narendra Modi took the hands of his counterparts – Russian President Vladimir Putin and Chinese President Xi Jinping – and pulled them closer. As... https://www.scmp.com/news/china/diplomacy/article/3323934/xi-putin-and-modi-are-grinning-and-smiling-whom?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3323934/xi-putin-and-modi-are-grinning-and-smiling-whom?utm_source=rss_feed Mon, 01 Sep 2025 10:11:44 +0000 Debasish Roy Chowdhury Debasish Roy Chowdhury China and India are having a bit of a moment. Five years after a fatal confrontation on their unresolved border pushed relations over the edge, the two sides are rushing towards a detente. They are restoring peace along the border, reversing trade and investment curbs, easing visa restrictions to promote business and tourism, resuming direct flights and orchestrating a flurry of high-level official visits to formalise the thaw. This weekend, Indian Prime Minister Narendra Modi is visiting China... https://www.scmp.com/week-asia/politics/article/3323704/china-and-india-love-time-cholera?utm_source=rss_feed https://www.scmp.com/week-asia/politics/article/3323704/china-and-india-love-time-cholera?utm_source=rss_feed Sat, 30 Aug 2025 06:30:08 +0000 Bloomberg Bloomberg White House trade adviser Peter Navarro blasted India for continuing to buy Russian oil and said he expects punitive tariffs of 50 per cent on imports from the South Asian nation to kick in as planned next week. “I see that taking place,” Navarro told reporters in front of the White House when asked about the tariffs on India that are set to double on August 27. “India doesn’t appear to want to recognise its role in the bloodshed. It simply doesn’t. It’s cozying up to Xi Jinping, is what it’s... https://www.scmp.com/news/asia/south-asia/article/3322728/trump-aide-navarro-calls-indias-russian-oil-purchases-laundromat-kremlin?utm_source=rss_feed https://www.scmp.com/news/asia/south-asia/article/3322728/trump-aide-navarro-calls-indias-russian-oil-purchases-laundromat-kremlin?utm_source=rss_feed Fri, 22 Aug 2025 01:59:06 +0000 Khushboo Razdan Khushboo Razdan Beijing’s top envoy in New Delhi on Thursday expressed strong support for India, citing the steep US tariffs imposed against the country, and called for “teamwork” and “collaboration” between the world’s two most populous nations in standing up to the “bully”. “US imposed tariffs of up to 50 per cent on India. China firmly opposes it. Silence only emboldens the bully. China will firmly stand with India, uphold the multilateral trading system,” Ambassador Xu Feihong said. He said tariffs and... https://www.scmp.com/news/china/diplomacy/article/3322715/beijing-stands-firm-new-delhi-against-bully-us-chinese-envoy-says?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3322715/beijing-stands-firm-new-delhi-against-bully-us-chinese-envoy-says?utm_source=rss_feed Thu, 21 Aug 2025 19:54:22 +0000 Brian Rhoads,Raymond Ma Brian Rhoads,Raymond Ma Chinese Foreign Minister Wang Yi arrived in Islamabad on Wednesday for the final leg of a South Asia tour, as China takes advantage of US trade tensions to boost relations and economic ties in the region. Wang earlier visited Afghanistan and India, where he held talks with Prime Minister Narendra Modi in New Delhi. The Modi discussion fostered a thawing of relations between the world’s two most populous nations amid the imposition of 50 per cent US tariffs on India. “Stable, predictable,... https://www.scmp.com/plus/article/3322637/china-india-thaw-leaves-us-sidelines?utm_source=rss_feed https://www.scmp.com/plus/article/3322637/china-india-thaw-leaves-us-sidelines?utm_source=rss_feed Thu, 21 Aug 2025 09:00:42 +0000 Brian Rhoads,Raymond Ma Brian Rhoads,Raymond Ma China’s July exports surged 7.2 per cent, surpassing expectations, as companies rushed out shipments amid uncertainty about whether a US trade war truce will be extended next week. Imports also surprisingly rose 4.1 per cent from a year earlier, based on customs data released on Thursday. Exports were expected to maintain June’s 5.8 per cent pace, while imports were seen falling 0.3 per cent after a 1.1 per cent increase in June, according to estimates compiled by Chinese financial data provider... https://www.scmp.com/plus/article/3321080/china-exports-jump-ahead-new-trump-tariff-risks?utm_source=rss_feed https://www.scmp.com/plus/article/3321080/china-exports-jump-ahead-new-trump-tariff-risks?utm_source=rss_feed Thu, 07 Aug 2025 09:00:40 +0000 Bloomberg Bloomberg In Vietnam’s northern manufacturing belt, tariff angst isn’t stopping the flow of Chinese money. If anything, it’s growing. From a Chinese circuit board maker’s eager calls for workers, to construction crews rushing to finish a new plant for a Shenzhen producer of gaming parts, the electronics hub of Bac Ninh province just east of Hanoi is buzzing with Chinese activity. So much so that provincial officials expect to rubber-stamp US$1 billion in new investment licences – many of them... https://www.scmp.com/news/asia/southeast-asia/article/3320149/vietnams-china-ties-strengthen-amid-trump-tariff-uncertainty?utm_source=rss_feed https://www.scmp.com/news/asia/southeast-asia/article/3320149/vietnams-china-ties-strengthen-amid-trump-tariff-uncertainty?utm_source=rss_feed Wed, 30 Jul 2025 10:18:08 +0000 Bac Pham,Bennett Murray Bac Pham,Bennett Murray Vietnam breathed a sigh of relief when US President Donald Trump announced a trade deal had been struck between Hanoi and Washington. The Vietnam Stock Index reached its highest level since April 2022, indicating confidence that export stability had been achieved. On the face of it, the deal is highly unbalanced, with US exports to Vietnam enjoying tariff-free market access, while Vietnamese exports in the other direction now face a 20 per cent rate, slightly over twice last year’s average rate... https://www.scmp.com/week-asia/economics/article/3317062/vietnams-new-us-trade-deal-sparks-optimism-despite-tariff-challenges?utm_source=rss_feed https://www.scmp.com/week-asia/economics/article/3317062/vietnams-new-us-trade-deal-sparks-optimism-despite-tariff-challenges?utm_source=rss_feed Sun, 06 Jul 2025 04:00:18 +0000 Mark Magnier Mark Magnier US President Donald Trump’s strong-arm tactics against American trading partners appeared to bear some fruit on Monday following reports that the European Union was willing to pay 10 per cent higher levies on many of its exports, after another climbdown by Canada on Sunday. In considering the 10 per cent increase, however, the 27-member EU bloc reportedly wanted a US commitment to reduce tariffs in return affecting pharmaceuticals, alcohol, semiconductors and commercial aircraft, Bloomberg... https://www.scmp.com/news/us/economy-trade-business/article/3316445/eu-and-canada-back-down-us-trade-trumps-strong-arm-tactics-appear-bear-fruit?utm_source=rss_feed https://www.scmp.com/news/us/economy-trade-business/article/3316445/eu-and-canada-back-down-us-trade-trumps-strong-arm-tactics-appear-bear-fruit?utm_source=rss_feed Mon, 30 Jun 2025 21:31:43 +0000 Mark Magnier Mark Magnier After months of chest-thumping, accusations and threats, look for US-China trade relations to weather an uneasy pause as the giants retreat from extremist positions, guard against backtracking and alter the negotiating dynamic toward an eventual agreement, analysts and former US officials say. The breather follows this month’s London sit-down after the two engaged in a high-stakes tariff battle then went for each other’s jugulars, with China blocking rare earth exports and Washington choking off... https://www.scmp.com/news/china/diplomacy/article/3315924/pause-refreshes-whats-ahead-us-china-tariffs-and-trade-talks?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3315924/pause-refreshes-whats-ahead-us-china-tariffs-and-trade-talks?utm_source=rss_feed Thu, 26 Jun 2025 15:00:09 +0000