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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 watch as smoke rises on the skyline after an explosion in Tehran, Iran, on February 28. Photo: AP
War and conflict

Opinion | US-Israeli strike on Iran signals new phase of global escalation

This is deterrence fatigue: escalation thresholds weakened by repeated testing and retaliation. The risk is not only war but systemic strain.

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Japan

Macroscope | Why Japan should push back on Trump’s investment demands

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United States

US seeks delay on tariff refund court hearing, faces above 2,000 lawsuits

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Taiwan

As I see it | Taipei must break free of its abusive relationship with Washington

US President Donald Trump’s tariff blitz is not Taiwan’s fault, but the self-ruled island must come to see that Washington is unreliable.

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Taiwanese leader Lai Ching-te delivers a New Year’s Day speech on January 1 at the presidential hall in Taipei. Photo: Handout via AFP
India

India in limbo over Russian oil imports as talks with US on trade deal continues

Washington has previously tied lower tariffs on Indian exports to the US to New Delhi’s commitment to curb its purchases of Russian oil.

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Yuan

As the yuan sizzles, China’s central bank deploys double-barrelled policy tweak

Regulators refine cross-border rules and cut the foreign exchange risk reserve ratio for forward forex sales to zero, aiming to provide stable offshore liquidity and help firms manage risks.

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Mainland China

Video | German leader greeted by robot dance troupe in China

Friedrich Merz’s China trip aimed to boost economic ties between Berlin and Beijing.

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China exports

As China’s firms go global, foreign expertise is becoming a hot commodity

Chinese companies are rushing to hire a range of service contractors to help them expand overseas – from compliance experts to TikTok gurus.

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Los Angeles protests

Canada cannot replace US with China, Carney’s Conservative rival says

Pierre Poilievre outlined his vision for Canada’s relationship with the US after the prime minister’s recent outreach to Beijing.

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US-China relations

China, Russia should join US in new nuclear arms control deal: Rubio

Secretary of State says US and China now have ‘strategic stability’ in their long-fractious relationship as crucial Trump-Xi summit nears.

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US Secretary of State Marco Rubio speaks to reporters following meetings with Caribbean Community leaders, at Saint Kitts and Nevis on Wednesday. Photo: AP
US-China relations

China’s rare earth curbs hit US aerospace, chips hard despite trade truce

American firms face deepening yttrium and scandium shortages, threatening jet engine coatings and 5G chip production.

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A rare earth mine in Mountain Pass, California. Shortages of yttrium and scandium have plagued US aerospace and semiconductor ⁠firms. Photo: Reuters
US-China relations

Xi-Trump talk plans rattled by chaotic US team: ‘the worst I’ve ever seen’

Analysts warn thin US coordination and rushed timelines risk weak deliverables and surprises ahead of high-stakes Beijing meeting.

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Singapore

Singapore budget surplus: poor ‘fiscal marksmanship’ or prudent forecast?

MPs have questioned whether the GST rise was necessary after the government projected a US$12 billion surplus in the current financial year.

Hutchison’s Panama ports deal

Opinion | Panama’s ports grab may be politically expedient, but at what cost?

In global logistics, reliability is currency. When commitments become provisional, the cost is measured not only in legal fees but in confidence.

Illustration: Craig Stephens
China-Germany relations

Merz’s China tightrope: German leader has warm words, hard questions for Beijing

German chancellor strikes diplomatic tone in Beijing meetings while pushing his hosts on subsidies, currency devaluation and Russia.

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German Chancellor Friedrich Merz and Chinese President Xi Jinping in Beijing on Wednesday. Photo: AP
US-China trade war

US to keep China tariffs steady ahead of key Trump-Xi meeting: Greer

Trade envoy confirms levies on Chinese goods to remain within range of 35 per cent to 50 per cent depending on the product as tensions ease.

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China trade

Trump’s USMCA exit threat seen pushing Canada into China’s arms

Analysts expect Ottawa to diversify trade as future of North American trade pact remains uncertain, while a US departure would ‘hit Canada like an earthquake’.

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India

Trade and diplomatic reset top the agenda for Canadian PM’s India visit

Both sides are set to boost trade links and repair ties further following a fallout over the 2023 killing of a Sikh separatist, analysts say.

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India’s Prime Minister Narendra Modi and Canada’s Prime Minister Mark Carney meet before the 2025 G7 summit in Kananaskis, Alberta. Photo: AP
China consumption

IMF urges China to focus on consumption-led rebalancing, curb industrial policy

Global monetary body calls on Beijing to roll out more forceful fiscal stimulus to bolster domestic demand amid record trade surplus.

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China economy

Opinion | How ‘little giants’ help China defend its manufacturing dominance

Support for ‘little giants’ and other specialised SMEs remains a vital part of the long-term strategy to bolster China’s global manufacturing.

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China technology

Shenzhen dethrones Shanghai, Beijing as China’s top industrial powerhouse: mayor

Leading in R&D density, AI innovation and start-up cultivation, Shenzhen is building a full-stack AI ecosystem, according to the mayor’s annual work report.

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A humanoid robot prepares a drink at a coffee kiosk in Shenzhen on January 28. Photo: Getty Images
US-China trade war

US warns of deep distrust even as officials seek stable China ties for summit

Congressional hearings reflect bipartisan concern and highlight persistent advanced tech market tension as key Trump-Xi summit looms.

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The Trump administration wants stable relations with China but does not trust the country, a senior State Department ⁠official said. Photo: Reuters
Brics

Why Brics can’t do away with US dollar even as currency cooperation rises

Brazil says there has been no proposal or talks within Brics to create a common currency across the bloc.

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China-EU relations

EU too slow to act as China rewrites global trade rules, trade chief Sefcovic warns

Commissioner calls for faster trade probes and WTO reform as Brussels confronts overcapacity, subsidies and a US$424 billion deficit.

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US-China trade war

China braces after Trump imposes new global tariff – how will it respond?

Beijing is on alert but signals readiness to engage ahead of high-level trade talks and Trump’s first visit to China in his second term.

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US President Donald Trump, flanked by Secretary of Commerce Howard Lutnick speaks during a press briefing at the White House, following the Supreme Court’s ruling that Trump had exceeded his authority when he imposed sweeping global tariffs last year. Photo: Reuters
United States

Opinion | Despite Supreme Court ruling, Trump has legal cards for tariffs in hand

The US’ trading partners are understandably taking a wait-and-see approach to the tariff landscape after the court decision.

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Illustration: Craig Stephens
India

India and Brazil set sights on US$30 billion trade milestone by 2030

The two founding Brics members are deepening links on rare earths, innovation and AI to diversify growth beyond the West.

Japan

No takebacks: Japan wants US to stick to trade deal amid tariff turmoil

Japan could see extra tax burdens on some goods if Trump’s new 10 per cent tariffs were to be applied unilaterally, the trade minister said.

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