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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.
People buy vegetables at a market in the old quarters of New Delhi on Tuesday. Photo: AFP
India

India overtakes Japan as world’s fourth largest economy, eyes top 3 by 2026

Government data shows India’s GDP at US$4.18 trillion, with projections it will surpass Germany by 2026 despite global trade challenges.

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US-China tech war

China’s lagging basic research calls for core tech pivot, economic adviser urges

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Made in China 2025

Chinese firms flock to Dubai free zones to navigate trade barriers, expand reach

US-China relations

‘No worries’: Trump plays down Beijing’s military drills around Taiwan

Trump dismisses ‘routine’ drills in Taiwan Strait even as US arms sales hit record high and Pentagon repeats 2027 timeline.

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US President Donald Trump spoke about China’s military drills around Taiwan during a press conference with Israeli Prime Minister Benjamin Netanyahu at his Mar-a-Lago estate in Florida on Monday. Photo: Getty Images via AFP
Hong Kong economy

Hong Kong exports jump 18.8% in November, sharpest increase in 22 months

Growth follows year-on-year increases of 17.5 per cent in October and 16.1 per cent in September.

Asia housing and property

The View | How AI helped Asia’s real estate sector pass the tariff stress test

While multiple factors are at play, this year’s tech exuberance helped the region’s property markets stay afloat.

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Malaysia

Trump’s dance, Najib’s 1MDB saga, influencer case: Malaysia leads Asean in 2025

The country hosts the region’s biggest event, sees a new twist in the 1MDB scandal and is at a critical political juncture.

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US President Donald Trump reacts to dancing performers at a welcoming ceremony after arriving at Kuala Lumpur International Airport to attend the Asean summit on October 26. Photo: AP
China consumption

Wild goose chase? France works to rouse China’s appetite for foie gras imports

French producers hope their famed pate can win a slice of China’s market, but price sensitivities and domestic competition could mean their goose is cooked.

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US-China relations

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

The US defends new arms sales and urges ‘meaningful’ dialogue, but analysts warn the deepening rift risks hollowing out the agenda for the Trump-Xi summit next year.

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India

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

Experts warn of wider repercussions, including efforts by importers to divert shipments and renewed strain in US-India trade talks.

A worker gathers rice grain with a broom in a grain market at Mansa in the northern state of Punjab, India, in November. Photo: Reuters
Asia-Pacific Economic Cooperation

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

China’s return as Apec chair is an opportunity to show that both the organisation and its message of multilateralism are as relevant as ever.

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US President Donald Trump, left, and President Xi Jinping speak as they leave after a bilateral meeting at Gimhae International Airport on the sidelines of the Asia-Pacific Economic Cooperation summit in Busan, South Korea, on October 30. Photo: Reuters
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.

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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Sun Lei, China’s deputy permanent representative to the UN, speaks during a Security Council briefing on threats to international peace and security in New York on Tuesday. Venezuela requested a Security Council meeting, citing escalating tensions resulting from “US aggression” against the country. Photo: EPA
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.

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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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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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Illustration: Craig Stephens
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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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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Vehicles awaiting export at Nanjing Port in China’s eastern Jiangsu province. Photo: AFP
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.

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