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News about international trade flows, statistics and policy decisions from the world’s most important trading economies and trade-related bodies, including the World Trade Organisation.
An Army Tactical Missile System (ATACMS) missile, a long-range guided weapon fired from the Multiple Launch Rocket System (MLRS), shown during a military display. Photo: Handout
US-China relations

Deal breaker? Record Taiwan arms deal complicates Trump’s 2026 Beijing visit

Analysts say the US$11.1 billion package could narrow the scope of a meeting between US leader and Xi, even if the talk goes ahead.

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India

Indian rice could become costlier for US amid Trump’s tariff threat

Asia-Pacific Economic Cooperation

Outside In | As the US pursues unilateralism, China faces challenging task as Apec host

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Yuan

China expands digital-yuan push to Singapore and Asean trade routes

PBOC pledges to integrate e-CNY into the New International Land-Sea Trade Corridor, boost adoption in Southeast Asia via China’s CIPS payment network.

A customer makes a payment using China’s digital currency, or e-CNY, at a store in Beijing. Photo: Getty Images
India

India’s gem exports defy US tariffs as Asia, Middle East demand grows

Shipments rose 19.64 per cent year on year to US$2.51 billion in November, reflecting a successful diversification push, analysts say.

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China-Latin America relations

China, Russia clash with US at UN over Venezuela oil seizures and naval pressure

Venezuela turns to UN as Trump’s oil crackdown intensifies and Caracas advances a law targeting those in support of naval blockades.

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US-China trade war

Explainer | Will US-led ‘Pax Silica’ be a new dawn for the international AI supply chain?

Trump administration aims for deeper technology cooperation on new AI infrastructure with allies.

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Representatives of the “Pax Silica” signatories hold signed documents at a summit held in Washington on December 12. The initiative is America’s new vision for the international AI supply chain. Photo: Getty Images/AFP
US-China trade war

US labels Chinese chips an economic threat, but delays tariff impact until 2027

Timeline reflects effort to preserve trade truce with Beijing rather than build leverage through faster import duty escalation, analysts say.

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Belarus

Opinion | Can Belarus balance relations with Russia, China and the US?

Minsk aims to rebalance its foreign policy towards Beijing and Washington but geopolitical realities prevent a full break from Russia.

China trade

As Germany’s trade deficit with China nears new high, analysts warn of backlash

The widening gap, fuelled by a localisation push in China and fierce EV competition, is fuelling fears of political upheaval and rising protectionist sentiment in Berlin.

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Factory workers assemble cars at a Volkswagen plant in Qingdao, in China’s eastern Shandong province, last week. Photo: AFP
Indonesia

Prabowo, Trump to sign Indonesia-US trade deal as issues resolved

The pact removes tariffs on major Indonesian exports and boosts economic ties between the two countries.

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US President Donald Trump (right) with his Indonesian counterpart Prabowo Subianto in Egypt on October 13. Photo: AFP
China-Russia relations

Russian LNG shipments to China surge 143% in November, overtaking Australia

Russian LNG accounted for 23.5 per cent of China’s total shipments, cementing Russia as its top energy partner after President Xi pledged deeper ties.

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Technology

Opinion | Forget the US dollar. Watch water and energy resources instead

In our increasingly hi-tech-based economy and financial systems, energy and water resources will be macroeconomically critical.

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Canada

Carney taps financier Wiseman as Canada’s new ambassador to US

Canada’s prime minister turns to a finance heavyweight to steady the cross-border relationship in the Trump era.

Mark Wiseman in Hong Kong in 2019. Wiseman was named as the new Canadian ambassador to the US on Monday. Photo: Winson Wong
China-Latin America relations

China says US broke international law by seizing oil tankers off Venezuela

Situation intensifies as Beijing condemns tanker seizures and US security chief calls to remove Nicolas Maduro from power.

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A US military helicopter flies over the Panama-flagged Centuries, which was intercepted by the US Coast Guard on Saturday. Photo: DHS via Reuters
China economy

Opinion | Why China has moved to curb steel exports

China’s pivot to emerging markets has kept its export machine running. But frictions are growing and steel is the most visible flashpoint.

China trade

China’s record trade surplus could prompt protectionist response in 2026: report

American researchers say restrictions on Chinese imports could help create complications for Beijing’s economic growth target next year.

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China-EU relations

China slaps tariffs on EU cheese and cream amid trade row

Alleging that European subsidies are hurting Chinese producers, Beijing has imposed fees that look to hit French exporters the hardest.

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China has slapped provisional anti-subsidy fees of up to 42.7 per cent on European producers of certain dairy products, including various types of cheese and cream. Photo: AFP
China-South Korea relations

Blackpink for Ayumi? Why China may reward South Korea’s soft stance on Japan row

Beijing is reviving stalled trade talks with Seoul as the Lee administration breaks with Tokyo on Taiwan, and analysts say Chinese market access could be the geopolitical prize.

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European Union

Trump tariffs push Swiss pharma CEO to urge price alignment with US

Switzerland and the United States are locked in negotiations on the details of a deal slashing a whopping 39 per cent levy to 15 per cent.

India

Why India to Europe trade corridor is stalling even as talks continue

A key hurdle hampering the progress of the India–Middle East–Europe Economic Corridor is the lingering uncertainty over Gaza.

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Indian Prime Minster Narendra Modi (left) and then US President Joe Biden attend the Partnership for Global Infrastructure and Investment and India-Europe-Middle East Corridor meeting on September 9, 2023. Photo: Indian Press Information Bureau/EPA-EFE
United States

Are Trump loyalists struggling in US rural heartland ready to say ‘enough’?

Hammered by crippling costs and precious revenue lost to China, Midwest farmers’ loyalty to the US president will be tested in 2026 midterms.

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Illustration: Lau Ka-kuen
Japan

Macroscope | Japan’s economic security push heralds rising protectionism in Asia

The emphasis on securing supply chains and stockpiling critical resources is no substitute for free and open trade and investment.

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US-ally trade wars

Mexico’s 50% tariff shock shuts Asia’s North American trade bypass

A tariff wall will soon separate protected partners like CPTPP members Singapore and Malaysia from exporters facing a shutout.

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US-China relations

Rubio swaps hawk for diplomat in year-end pivot on China

Top US envoy eschews ‘pacing threat’ label, stressing cooperation and Western hemisphere priorities for 2026.

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US Secretary of State Marco Rubio during his end-of-year press conference at the State Department on Friday. Photo: Reuters
US-China trade war

Trump signs defence bill restricting investment in Chinese tech, military firms

Key provisions target contracts with Chinese biotech companies and outbound investment in technologies with military applications in China.

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US President Donald Trump signed an extensive defence bill on Thursday that restricts US investment in Chinese technology companies and military firms. Photo: TNS
US-China trade war

China reportedly sticking to its soybean deal with US, but worries remain

Beijing secures 7 million tonnes of soybeans, passing halfway mark of its US purchase agreement. However, little has been shipped so far.

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US-China relations

US highlights Panama security ties as China-linked canal ports deal stalls

US envoy’s coastguard visit near Panama comes as Beijing presses for Cosco control and Washington pushes back.

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