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Trade
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 Secretary of State Marco Rubio announced sanctions on Thursday against Moa Nickel SA, a joint venture between Sherritt International and Cuba’s state-owned General Nickel Company. Photo: Xinhua
China-Latin America relations

US targets Cuba nickel operation in move affecting China-linked supply chains

Marco Rubio revealed sanctions on Thursday, escalating Trump administration’s pressure campaign against Havana’s military-controlled economy.

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US-China relations

China’s use of propaganda may outwit US if Taiwan conflict arises, experts warn

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China-Latin America relations

China pours US$6.1b into Brazil, making it Beijing’s top global investment

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Myanmar

Myanmar’s military rulers hire Trump ally for US$50,000 a month to lobby Washington

Roger Stone has been commissioned to rebuild relations with the US, though analysts doubt Myanmar can escape its pariah status.

Roger Stone, a former adviser and confidant to former US President Donald Trump, addresses reporters in Washington in 2021. Photo: TNS
China-EU relations

China-EU investment pact belongs in ‘deep freezer’: outgoing trade chief

Sabine Weyand says the 2020 agreement with China is obsolete as Brussels weighs action on ‘macroeconomic imbalances’.

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Japan

Trump’s last Japanese diehard fans lose faith as Iran war chaos spreads

Concerns in Japan are also mounting over the security ties between Japan and the US as Trump seeks to withdraw more troops from Europe.

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US-China trade war

Trump-Xi summit hides simmering trade tensions under the surface, experts say

Despite declarations of cooperation, friendship and respect from both sides, major trade conflict is brewing between the two superpowers.

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Despite politeness in public, there are fears that the future looks rocky for US-China trade. Illustration: Shutterstock
India

Vietnam, India seek closer ties to hedge against dependence on superpowers

President To Lam’s agenda during his visit to New Delhi is expected to include a deal for Vietnam to buy India’s BrahMos missiles.

2026 Trump-Xi summit

China urges US to drop trade probe as key Trump-Xi summit approaches

The White House’s Section 301 investigations were launched to identify structural excess capacity among 16 trading partners, including China.

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China-Latin America relations

Panama minister slams China ship crackdown, tells deputies in Beijing: push back

Foreign minister says court ruling must not be used as leverage against Panama’s merchant fleet as ship detentions mount.

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A Panamanian-flagged vessel transits the Panama Canal in March; dozens of such ships have faced heightened inspections in Chinese ports amid rising tensions. Photo: Reuters
China's military weapons

Will new Saudi-Pakistan defence pact give Chinese arms risk-free exposure?

Islamabad’s elevated stature in Middle East security could make it ‘the operational face of Chinese defence systems’ via regional deployment.

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Illustration: Henry Wong
China-Australia relations

China’s fight for Darwin Port could help fragile Sino-Australian relations

Landbridge Group’s legal claim over the port could take several years to resolve, analysts said, providing more time for dialogue.

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United States

Pulitzers honour damning coverage of Trump and his policies

The annual awards overseen by Columbia University recognised coverage of Trump’s immigration crackdown and his enrichment of his allies.

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China-Latin America relations

China consul in Tijuana warns against protectionism as USMCA review nears

Fu Xinrong pitched Beijing’s model of shared modernisation to Mexican business leaders, weeks before a contentious USMCA review.

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A top Chinese diplomat has called on Mexico and other USMCA nations to build economic ties based on sovereignty and mutual respect rather than tariff walls. Photo: Shutterstock
2026 Trump-Xi summit

Iran war could give Xi the upper hand in meeting with Trump: US experts

The conflict is likely to give Beijing an edge in discussions on hi-tech supply chains and Taiwan, analysts argue.

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US President Donald Trump might ask his Chinese counterpart Xi Jinping to “twist some arms” in Tehran, according to one US analyst. Photo: AP
South Korea

Seoul says ‘explosion and fire’ on South Korean ship in Hormuz strait

The vessel is a cargo ship of almost 180 metres (590 feet) sailing under the flag of Panama.

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Diplomacy

Strait of Hormuz woes, US-Nato ‘crisis’: 7 global relations reads

From a possible Trump-Iran joint venture to Russia-China talks, here are highlights from the SCMP’s overseas correspondents in April 2026.

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China consumption

Shenzhen’s economic dilemma: soaring GDP, stagnant consumption

Shenzhen’s retail sales barely rose in the first quarter despite strong GDP growth, a sign of the Chinese tech hub’s unbalanced development.

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People shop at CoCo Park in Shenzhen last month. Photo: Edmond So
US-China relations

Exiting China market a ‘self-inflicted wound’ for US tech, think tank warns

ITIF argues that regional sales help finance domestic R&D and block local rivals, while warning that a full exit would be a self-inflicted wound to innovation leadership.

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China-EU relations

Opinion | ‘Made in Europe’ law sets stage for an economic showdown with China

The proposed legislation is seen as discriminatory to China and could also hurt Chinese interests in non-EU European states.

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China trade

China’s critical minerals grip faces test as new Asian financing tool launches

Japan, Britain and other nations have pledged millions to the new scheme, as China’s dominance of critical minerals sector faces fresh challenge.

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A skip loader shifts earth at a rare earth metals mine in China’s Jiangxi province. Photo: Reuters
Singapore

Singapore, New Zealand ink world first deal to secure essential supplies

Both governments committed not to impose unnecessary export restrictions on crucial goods such as food, fuel and healthcare products.

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A container ship docks at Singapore’s port on April 14. Photo: Xinhua
US, Israel war on Iran

Trump says US will ‘guide’ ships out of Hormuz, as vessels attacked

US to launch new mission dubbed ‘Project Freedom’ as Tehran signals interference would be seen as a ceasefire violation.

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Middle East

‘Structural shift’: new routes for Middle East freight to bypass Hormuz

Saudi Arabia, Turkey and the UAE lead a push for a new trade architecture with multiple nodes linking the Indian Ocean to the Mediterranean Sea.

Saudi Arabia

UAE’s Opec exit signals aim to accelerate foreign policy diversification

Iran’s attacks on Gulf states have forced Abu Dhabi to rethink its place within the Saudi Arabia-led diplomatic architecture, analysts say.

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Smoke rises in the Fujairah oil industry zone, UAE, on March 14, following an interception of a drone amid the ongoing Middle East conflict. Photo: Reuters
Banking & finance

Macroscope | Mini-crises sparked by the Iran war may add up to a big collapse

From energy, inflation and trade to slowing global growth and investment uncertainty, these mini-crises have the makings of a massive crisis.

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The United Arab Emirates said on April 28 it would leave Opec and Opec+ on May 1. Photo: EPA
China trade

Durian Express? China brings in cheaper fruit with new Southeast Asia train

A new cold-storage rail service is whisking mountains of durians from Thailand to China, reducing prices for the prized fruit.

Malaysia

From Malaysia’s book bans to Iran war, Anwar’s reform agenda faces sternest test

Anwar’s government has tilted to the right in recent years in a move to win the support of Malay voters, analysts say.

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