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US-ally trade wars

US-ally trade wars
The latest news, analysis and opinion on US-ally trade wars. In-depth analysis, industry insights and expert opinion.
Canadian Finance Minister Francois-Philippe Champagne. Photo: EPA
China-Canada relations

Canada’s finance minister visits China as both countries seek to bolster ties

Francois-Philippe Champagne’s four-day trip comes close on the heels of Canadian Prime Minister Mark Carney’s visit to Beijing in January.

2026 Trump-Xi summit

Trump-Xi summit: US trade chief casts doubt on pre-meeting Beijing visit

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War and conflict

Macroscope | Iran war’s ripple effects are just getting started for Asia

US-China trade war

Trump pitches China trade ‘win’ to US farmers ahead of Xi meeting, midterms

Claims come despite farmers remaining unsure if China will meet its 25 million-tonne commitment for 2026, as planting season approaches.

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US President Donald Trump gestures to farmers from the Truman balcony of the White House in Washington on Friday. Photo: AFP
US-China relations

Trump-Xi summit: US announces new dates in May

Press secretary Karoline Leavitt says Trump will also host Chinese leader in Washington later this year.

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US-China relations

Trump-Xi summit will be very amicable, predicts former Biden official

Kurt Campbell expects to see both leaders being ‘extraordinarily polite and engaged’ during key rescheduled meeting despite Iran conflict.

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2026 Trump-Xi summit

Exclusive | What are the real reasons behind the change of date for Trump’s China visit?

After confirmation that the high-stakes Xi-Trump summit will be delayed, analysts find a complex story beneath the official surface.

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President Xi Jinping and his US counterpart Donald Trump were expected to meet again at the end of this month but the trip has been delayed. Photo: TNS
Asean

Opinion | Tariffs grab headlines, but non-tariff barriers decide winners in Asean

Trump’s flashy tariffs get the attention, but non-tariff barriers are what truly kill competition and leave firms and consumers worse off.

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Malaysia

Fate of US-Malaysia trade pact rests on Washington’s next move

The US$240 billion deal isn’t ‘null and void’ yet, says the trade minister, as Malaysia waits for Washington to submit updated terms.

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US-China relations

Beijing on Iran war, Trump trade plan, new AI arena: 7 US-China relations reads

From a new US maritime strategy to the Iran crisis, here are highlights from SCMP’s overseas correspondents in the first half of March 2026.

Plumes of smoke rise over Tehran, Iran, on March 1. Photo: Mowj/Middle East Images/AFP via Getty Images/TNS
Malaysia

Deal or no deal? Malaysia-US trade pact in turmoil after minister ‘misspeaks’

First, a minister called the deal dead. Then his ministry backtracked. Now the opposition is demanding answers.

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US President Donald Trump and Malaysian Prime Minister Anwar Ibrahim pictured in Kuala Lumpur, Malaysia, last October. Photo: AP
Asean

Can Asean break free from US-China supply chain grip?

The bloc will look for new markets and deepen regional cooperation to reduce trade uncertainty, economic ministers say.

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US-China trade war

China and US trade talks off to a low-key start after first meeting in Paris

Discussions expected to focus on trade, investment and rare earths ahead of crucial Xi-Trump summit later this month in Beijing.

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China-EU relations

Tariffs and distrust: EU’s bid to ditch China hits capacity problems

‘Thinly spread’ bloc seeks this week to thrash out memorandum on critical minerals with the US, eyeing a more formal instrument down the road.

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This week’s summit of EU leaders in Brussels is supposed to be about the bloc’s competitiveness, widely understood as a response to China’s state-backed industrial expansion. Photo: Reuters
Vietnam

Vietnam records world-highest trade surplus with US, surpassing Mexico, China

Vietnam’s exports to the US rose 53 per cent to exceed US$20 billion in January from a year earlier, official data ‌shows.

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A container ship sails from the Hai Phong International Container Port in Vietnam. Photo: Reuters
US-China trade war

Trump’s tariff investigation ‘bluff’ will not work on China, analysts warn

Beijing has grown wise to the US president’s ‘art of the deal’ tactics and will not be fazed by the new Section 301 investigations, analysts say.

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United States

US launches trade probe into China and EU in bid to revive Trump tariffs

The Section 301 investigations could lead to another set of import taxes to replace those struck down by the Supreme Court.

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India

India’s 30-day Russian oil waiver comes with a steep US price tag

Washington has granted New Delhi a brief waiver for stranded Russian crude – but expects it to ramp up American oil purchases in return.

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India’s Prime Minister Narendra Modi (right) meets Russia’s President Vladimir Putin in New Delhi, India, on December 5, 2025. Photo: Sputnik/Reuters
China-EU relations

Get realpolitik? Von der Leyen questions Europe’s faith in rules-based order

The EU must become more realistic and interest-driven to keep up with the new world order, bloc chief says.

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Indonesia

Indonesia’s US trade deal faces a sovereignty reckoning at home

Nearly 80 civil groups and 65 academics have signed a petition urging parliament to block ratification of the ‘shameful’ deal.

United States

US tariff refund system to be ready in 45 days, after Trump duties struck down

The US customs agency is trying to hammer out a process for returning US$166 billion in tariff ‌payments to around 330,000 importers.

A US flies in front of shipping containers at the Port o Los Angeles in June 2025. Photo: TNS
Donald Trump

Trump’s 15% global tariffs likely to start this week, US Treasury chief says

US president imposed a 10 per cent levy after the Supreme Court invalidated his previous measures, then threatened to raise it further.

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US Treasury Secretary Scott Bessent speaks at the Economic Club Of Dallas in Texas in February. Photo: AFP
US, Israel war on Iran

Global stock sell-off slams Wall Street as oil prices leap on Iran war woes

The Dow ended down 403 points, after plunging over 1,200 earlier in the day.

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Donald Trump

US appeal court denies Trump bid to delay tariff refund lawsuits

The tariffs, which had been ruled illegal by the high court, had generated more than US$130 billion for the US government as of late 2025.

US-China relations

Editorial | China now holds more cards ahead of Xi-Trump meeting

US Supreme Court reversal of Trump’s tariffs leaves China with lower tariffs and US deals with allies in doubt.

Chinese President Xi Jinping addresses the opening of a study session on January 20. Photo: Xinhua
Japan

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

Trump’s use of tariff threats to strong-arm foreign governments, companies and investors into funding US projects should be resisted.

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Japanese Prime Minister Sanae Takaichi, with US President Donald Trump, speaks to members of the military aboard the USS George Washington aircraft carrier docked at the American naval base in Yokosuka, Japan on October 28, 2025. Photo: AP
United States

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

Lawyers for companies seeking tariff refunds have been pushing the courts to speed up the process.

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Vietnam

Opinion | Southeast Asia, do not mistake Trump’s tariff defeat for a reprieve

One court loss won’t end the trade wars. But if ‘Peak Trump’ has arrived, the region’s negotiating hand may have just got stronger.

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