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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.
Morris Chang, founder of Taiwan Semiconductor Manufacturing Company (TSMC), gives a speech at the company’s production site in Phoenix, Arizona, in 2022. The firm has now bought a second tract of land adjoining the site. Photo: AP
Taiwan economy

TSMC buys up land in Arizona as Taiwan pledges US$500 billion US tech investment

Chip giant TSMC plans to build a ‘gigafab cluster’ in the US, with Taiwan committing to US$500 billion investment under a new trade deal.

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China-Canada relations

China-Canada accord, US-Taiwan chips deal, GDP slowdown

India

Trump’s 500% tariff push raises risk of India-US trade freeze

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US-China trade war

Trump sets 180-day deadline to counter China’s control of critical minerals

US government warns global suppliers to negotiate agreements to secure reliable, diversified supplies for the US or face new trade hurdles.

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In a proclamation signed on Wednesday, US President Donald Trump declared that the US’ reliance on foreign-processed critical minerals poses a national security threat. Photo: Reuters
United States

Not ‘Trump-compatible’? China expert Rudd exits Australia’s US ambassador role

Kevin ‌Rudd left his post a year ‍earlier than planned following criticism from US President Donald Trump at White House meeting in October.

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US-China trade war

Trade reset? China, Canada look to revive ties after US tariffs force rethink

Crude, copper and iron top Canada’s exports to China, as prime minister seeks to mend relationship with Beijing.

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Vietnam

As Vietnam’s US trade surplus outpaces China, Trump tries to fix ‘imbalance’

Jennifer Wicks McNamara is set to replace Marc Knapper as US ambassador to Vietnam as Hanoi’s trade surplus with US surpasses Beijing for first time.

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US President Donald Trump speaks during a meeting with oil industry executives at the White House earlier this month. Photo: Reuters
Donald Trump

Video | Trump slaps 25% extra tariffs on Iran’s trading partners

Trump announces tariffs ‘effective immediately’ on economies doing business with Tehran, including India and China, Iran’s largest trading partner.

US-China relations

China’s US embassy decries ‘coercion’ after Trump’s Iran tariff move

China’s embassy opposes Washington’s ‘long-arm jurisdiction’ after Trump announces a 25 per cent tariff on countries doing business with Iran.

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India

India’s Modi to host German leader to bolster trade, defence ties

Merz’s visit is his first to an Asian country since he took office, ahead of a planned EU-India summit and as they work on a free-trade agreement.

A poster featuring German Chancellor Friedrich Merz (right) and Indian Prime Minister Narendra Modi, in Ahmedabad, India, on Sunday. Photo: EPA-EFE
Singapore

Singapore businesses list rising costs and tariffs as their biggest challenges

A new survey shows supply chain difficulties, unfamiliarity with new markets, and lack of funding are also key hurdles for local firms.

US President Donald Trump holds a chart on so-called reciprocal tariffs at the White House in Washington last April. Photo: AFP
Canada

Trump’s Venezuela and Greenland threats make Canada fear it’s next

The shock capture of Maduro and talk of seizing the Arctic island are forcing Canadians to take Trump’s 51st state threats seriously.

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Canada

Canada’s Carney to meet Xi in China, as Trump tariffs hurt US ties

PM Mark Carney will meet Chinese President Xi Jinping for trade and other talks in first such trip by a Canadian leader in nearly a decade.

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India

‘Buyers are indefinitely gone’: Indian exporters lay bare pain from tariffs

The slow-moving trade talks and steep levies are hurting major sectors, forcing firms to seek new markets and offer deep discounts.

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People work at a garment factory in Tiruppur, India. Photo: Reuters
India

Trump threatens India with tariff hikes to abandon Russian oil for trade deal

With Trump ally, Senator Lindsey Graham proposing 500 per cent tariffs, New Delhi faces ‘hard choice’ between Russian oil and vital US trade access.

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US President Donald Trump speaks with reporters aboard Air Force One on January 4. Photo: AFP
India

‘It’s paying off’: India spreads its trade bets to beat Trump’s 50% tariff

With exports hitting a record US$825 billion and a spate of new trade pacts, India is finding success diversifying away from the US.

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US-China trade war

Macroscope | Can a world obsessed with greed and power avoid a war in 2026?

The desire for economic growth and military might is driving the world towards conflict while devaluing concepts such as mutual respect and peaceful coexistence.

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Malaysia

Fair or fowl? Malaysia struggles to stomach its US trade pact

Local chefs fume over ‘lousy’ US poultry flooding the market, as critics call the trade agreement hastily reached and unfairly lopsided.

A woman shops at a wet market in Kuala Lumpur. Malaysia is bracing itself for a surge in shipments of American poultry. Photo: Reuters
European Union

Opinion | Can Europe survive its crippling paralysis?

The brutal reality is that the European Union is failing to get its squabbling nations to work as a coherent group.

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US-China relations

Trump to meet US’ China envoy after call with Japanese PM Takaichi

Trump and Takaichi telephone conversation reaffirms ‘close coordination’ of US-Japan alliance and hopes of a ‘new chapter’ for partnership.

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Singapore

Singapore defies Trump’s tariffs as manufacturing drives growth

The city state’s economy grew 5.7 per cent in the fourth quarter from a ‌year earlier, according to data from the trade ministry.

Singapore’s skyline. The city state’s GDP last quarter grew 5.7 per cent from the same period a year ago. Photo: Reuters
Investing

Opinion | Rising markets, falling interest rates and more: 5 investment myths for 2026

Investors must be careful in following conventional wisdom this year as several seemingly sure bets might be anything but.

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A pedestrian walks past a stock market indicator board on the final trading day of the year in Tokyo on December 30. Notable outperformers for 2025 included the Nasdaq, Japan’s Nikkei 225, Hong Kong’s Hang Seng Index and South Korea’s semiconductor-rich Kospi. Photo: EPA
War and conflict

Letters | May 2026 bring more peace and more jobs

Readers discuss hopes for the new year, the prospect of an EU-like Asian union, and the cult of ‘result-oriented’.

United States

Opinion | Why Donald Trump will focus on the Fed in 2026

With the US midterm elections looming, the White House seeks victory over inflation and the stimulating effects of lower borrowing costs.

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Asia housing and property

The View | How AI helped Asia’s real estate sector pass the tariff stress test

While multiple factors are at play, this year’s tech exuberance helped the region’s property markets stay afloat.

Tourists take photos at the Lotte World Tower’s observation deck in Seoul on September 5. Photo : Xinhua
China-EU relations

Open Questions | Political scientist Ivan Krastev on European vertigo in a post-American world

While melancholy Europe frets that the US and China will shape the future, middle powers are jostling for a place at the big table.

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Illustration: Henry Wong
India

Indian rice could become costlier for US amid Trump’s tariff threat

Experts warn of wider repercussions, including efforts by importers to divert shipments and renewed strain in US-India trade talks.

India

India’s gem exports defy US tariffs as Asia, Middle East demand grows

Shipments rose 19.64 per cent year on year to US$2.51 billion in November, reflecting a successful diversification push, analysts say.

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