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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 President Donald Trump (right) shakes hands with Indian Prime Minister Narendra Modi in the Oval Office of the White House in Washington, DC, on February 13 last year. Photo: AFP
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

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India

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

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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Austin Rohlfing harvests soybeans on his family’s field in Missouri. China is putting strategies in place to reduce its reliance on soybean in animal feed as 80 per cent is sourced from overseas, mostly the US and Brazil. Photo: AP
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.

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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.

US President Donald Trump (right) and Indian Prime Minister Narendra Modi shake hands after a joint press conference at the White House on February 13, 2025. Photo: Reuters
India

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

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

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 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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US President Donald Trump meets Indian Prime Minister Narendra Modi at the White House in Washington on February 13, 2025. Photo: Reuters
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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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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Mignon Houston, deputy spokeswoman for the US State Department, on Thursday in Washington. Photo: Handout
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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Transport and logistics

Panama’s ‘dangerous precedent’: why ports appear pawns as politics top contracts

Panama’s move to void CK Hutchison’s deal fuels fears of broader asset seizures, with analysts warning of rising risks for Chinese operators in the US sphere.

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US-China relations

What Xi’s calls with Trump and Putin reveal about China’s balancing act

Beijing holds rare same-day talks with Kremlin and White House as powers face headwinds at home, energy uncertainties and nuclear pact’s end.

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There is growing speculation that Chinese President Xi Jinping (centre), US President Donald Trump (left) and Russian President Vladimir Putin (right) could make a rare appearance together at the Apec summit in China in November. Photo: AFP/Xinhua/Reuters
United States

Opinion | Tariff by tariff, Trump is building a trade wall around the US

Amid the precarity of Trump’s limited economic success at home, trade wars abroad have only sped up the transition to a multipolar world.

Malaysia

Malaysia denies granting US exclusive rare earth access in Trump trade deal

Signed at the Asean Summit with the US president, the deal remains under negotiation as Malaysian PM Anwar seeks further written assurances.

China-EU relations

‘Discriminatory’: China slams EU probe into wind turbine maker Goldwind

Brussels’ ‘abuse of investigations’ is harming China-EU cooperation and slowing Europe’s green transition, Beijing warns.

A worker inspects parts at Goldwind Science & Technology’s wind turbine factory in China’s eastern Jiangsu province. Photo: EPA-EFE
US-China trade war

Canada’s former deputy PM hopes for less economic dependency on China in future

Canada’s former deputy prime minister supports economic system ‘in which China works’ but other countries’ vulnerabilities are limited.

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Chrystia Freeland, who served as Canada’s deputy prime minister, says countries must be careful about whom they build economic dependencies on. Photo: The Canadian Press via AP
China energy security

China’s cheap oil flows under strain as US ramps up Iran, Venezuela pressure

US restrictions could lead China to turn to higher-priced barrels in other markets, while it continues to reduce its reliance on oil imports.

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US-China trade war

US pitches critical minerals plan to allies to halt Beijing’s dominance

More than 50 countries encouraged to back US-led framework using price floors and financing to blunt Beijing’s control of hi-tech materials.

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China-Latin America relations

Panama president defends ruling after China slams canal port concession decision

Panamanian President Jose Raul Mulino rejects Chinese criticism, arguing verdict was within Panama’s constitutional and legal framework.

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Panamanian President Jose Raul Mulino emphasised Panama’s commitment to the rule of law and separation of powers after the canal port concession ruling. Photo: AFP
China trade

China’s outbound investment surges to 7-year high amid data centre, energy boom

Chinese investment is increasingly focusing on energy and raw materials projects in low and middle-income regions, report finds.

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Construction workers walk to a data centre under construction in Malaysia. Chinese investment in data centres in Southeast Asia surged last year, according to a new report. Photo: AP
United States

Opinion | Chilling effect of US outbound investment rules will extend beyond China

Outbound investment rules introduced last year are expanding and hardening into law, chilling US investment across Asia’s tech ecosystems.

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Asia-Pacific Economic Cooperation

Xi’s Apec playbook? How China could use new chair role at ‘pivotal juncture’

Hosting the bloc for just the third time in 25 years, China is promoting people-centred policies, infrastructure funding and predictability.

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