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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.
US tariffs hit French wine and spirits shipments hard last year, playing a major role in the overall drop of 8 per cent in value of one of France’s top exports, according to a trade body. Meanwhile, exports to the US slumped by 21 percent. Photo: AFP
China consumption

Time on happy hour as French wine and spirit sales sour in mainland China, US

French alcohol exports to mainland China and the US dropped by 19.5 and 21 per cent in 2025 as tariffs continue to stifle global trade.

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US-China relations

China, Trump targeted in House hearing on foreign influence in US non-profits

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US-China relations

US seeks fair China competition, looks to realign Latin America ties

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US-China relations

China may overtake US economically, still risk war in Taiwan Strait: survey

Most forecasters expect US military dominance to endure, even as many believe mainland China may try to seize Taiwan within a decade.

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The report surveyed 447 geostrategists and foresight practitioners from government, private-sector, academic and non-profit institutions. Photo: AdobeStock
China-India relations

China and India seek reset in talks, but old fault lines remain

Beijing stresses partnership and multilateralism; New Delhi underscores border stability, caution and gradual steps after years of strain.

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China Conference: Southeast Asia

Ambassador urges ‘shared prosperity’ in China-Asean ties as protectionism grows

Wang Qing says both sides should uphold multilateralism and oppose external interference, even as Asean members seek trade deals with US.

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China Conference: Southeast Asia

Asean urged to rewrite trade rule book as US turns transactional

The US and China are the top two trading partners for Asean but it is questionable how long that status quo will last, observers say.

Mohamed Amersi (centre) and Bernardino Moningka Vega (right) take part in a plenary panel hosted by SCMP Executive Editor Zuraidah Ibrahim at the China Conference: Southeast Asia 2026 on Tuesday. Photo: SCMP
US-China relations

As Bessent tips next US-China trade talks, analysts see Trump-Xi meeting prep

Treasury Secretary Bessent confirms preparations for high-level dialogue, with analysts expecting a focus on specific transactional wins over a relationship reset.

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China Conference: Southeast Asia

Indonesia eyes China partners to build ‘better than the EU standard’

Sovereign wealth fund Danantara targets waste-to-energy, smart grids, and data centres, leveraging a global tech leader for green and infrastructure growth.

China-EU relations

EU ‘mega tariff’: French minister urges caution amid calls for 30% China duty

Finance minister distances himself from French government agency’s proposal for blanket EU tariffs on China to stop ‘destruction’ of local industry.

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French Finance Minister Roland Lescure gives a speech in Paris on February 3. Lescure has distanced himself from proposals for a blanket 30 per cent tariff on all Chinese imports. Photo: AFP
China-Latin America relations

China becomes Brazil’s biggest vehicle exporter in January, surpassing Argentina

The shift ends more than three decades of Argentine dominance, built on Mercosur rules and geographic proximity to Brazil’s car dealers.

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In May, BYD unloaded 7,292 electric vehicles at Itajai port in southern Brazil using its own cargo ships. Photo: Handout
Energy

Russian oil tankers list Singapore as destination amid sanctions, shift to China

Move comes as India is set ‌to ⁠scale back or halt Russian oil imports after a recent US trade deal left China as Russia’s main customer.

India

India’s oil imports from Russia snared by Trump order, tariff threat

All state-owned and private refiners had paused buying any spot cargoes since Trump first mentioned the deal on social media a week ago.

China energy security

Opinion | Why China keeps fossil fuels central even as it ramps up green energy

By preserving a diversified energy mix, Beijing is prioritising redundancy over an idealised, rapid transformation.

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Illustration: Craig Stephens
India

‘Structural reality’: why US tariff deal cannot sever India-Russia defence ties

While the pact demands a halt to Russian oil imports, analysts say New Delhi’s military dependence on Moscow is non-negotiable.

Russia’s President Vladimir Putin (left) speaks with India’s Prime Minister Narendra Modi at Hyderabad House in New Delhi in December 2025. Photo: AFP
China consumption

China failed to hit 2025 soybean meal dependence target. US deal makes it harder

Beijing sees soybeans as the agricultural industry’s biggest vulnerability, while plans to cut their use in animal feed have little success.

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China economy

Opinion | Why the US really fears Chinese ‘overcapacity’

China doesn’t have a problem with ‘overcapacity’; rather, the United States lacks an economic strategy that can generate abundance.

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Banking & finance

As China intensifies offshore tax hunt, exporters struggle with compliance

Beijing leverages big data and global info exchange to chase undeclared overseas wealth, with fiscal needs seen driving the push, forcing compliance across sectors.

The Yantai Port is seen in China’s Shandong province last month. For those in China’s cross-border trade business, a sweeping tax crackdown is beginning to be felt. Photo: Xinhua
India

India’s Modi hails ‘great news’ after US slashes tariffs as part of new deal

The pact cuts US duties on Indian goods to 18 per cent and commits India to large purchases of US energy and industrial goods.

India

India’s trade blitz seeks to keep afloat a sinking global order

‘Jolted out of its slumber’ by US tariffs, New Delhi is aggressively diversifying trade alliances to act as a bridge in a polarised world.

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US-China relations

US steps up Apec role after Xi–Trump call as ties with China show signs of thaw

Washington says its delegation to Guangzhou will press ‘America first’ trade goals while coordinating with Beijing after leaders’ talk.

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China’s leader Xi Jinping spoke with US President Donald Trump by phone for two hours on Wednesday. Photo: AFP
China trade

As Beijing and Moscow tout ties, China’s companies keep Ukraine’s lights on

Ukrainians are buying Chinese batteries and emergency items en masse after Russian strikes, with Beijing’s ties to Moscow no damper on trade.

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Illustration: Lau Ka-kuen
India

Opinion | Why the new US-India trade agreement is a big deal

The warming of New Delhi’s ties with Washington has implications for Russia, China and the global dynamics of trade and geopolitical power.

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China trade

China-Canada canola deal faces test as USMCA trade talks loom, insiders warn

Initial shipments bring hope, but ‘Fortress North America’ threat and lack of long-term guarantees leave producers wary of Beijing’s commitment.

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China-EU relations

Stung by Trump’s policies, German multinationals cautiously pivot towards China

German firms are keen to invest more in China as they shy away from the US, but they still face issues in the Chinese market, business group says.

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Workers assemble vehicles at a Volkswagen plant in Qingdao, in China’s eastern Shandong province. Photo: AFP
Asia-Pacific Economic Cooperation

Outside In | Apec’s quiet cooperation still matters in a noisy, divided world

Year-round, multiple intensive working meetings keep the forum an ‘engine room’ of cooperation, reflecting its commitment to multilateralism.

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A group photo at the Apec informal senior officials’ meeting in Shenzhen, China on December 12, 2025. Photo: Xinhua
US-China trade war

Exclusive | US defends new minerals alliance, rejecting claims it targets China

Washington says the Forge initiative is about securing supply chains against shocks and price coercion, not building an exclusive bloc.

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US-Japan relations

Trump announces White House visit by Japanese PM Takaichi on March 19

The US and Japan have been working to strike a ‘very substantial’ deal on trade, as well as collaborating on national security, Trump said.

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