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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.
French President Emmanuel Macron, wearing aviator sunglasses due to an eye condition, delivers a speech during the World Economic Forum annual meeting in Davos, Switzerland, on Tuesday. Photo: dpa
World Economic Forum (WEF) at Davos

Macron urges Europe to hit back against Trump’s threats

French president advocates use of the EU’s anti-coercion mechanism against US tariffs, as he warns of moving ‘towards a world without rules’.

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China trade

China’s zero-tariff gambit: why Beijing is slashing duties as Trump raises them

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World Economic Forum (WEF) at Davos

China’s He Lifeng warns of ‘law of the jungle’, blasts protectionism, at Davos

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Indonesia

US drone demand puts Indonesia’s strategic balance to the test

According to a leaked document, Washington proposed lowering tariffs if Indonesia bought US-made drones and publicly announced the purchase.

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Indonesian President Prabowo Subianto and his US counterpart Donald Trump shake hands during a world leaders’ summit in Egypt in October 2025. Photo: Reuters
Donald Trump

Trump threatens 200% wine tariff to push France to join ‘Board of Peace’

US president targets France after it was lukewarm about the US$1 billion invitation to join his new global body.

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China-EU relations

Editorial | China-EU compromise over EVs bodes well for trade and overall ties

With the Trump administration turning aggressive towards allies and foes alike, Beijing and Brussels have more reasons to work together.

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US-China relations

How narrowing China-US gap could reshape global power play by 2035

Political scientist Yan Xuetong predicts Beijing will be on ‘equal footing’ in strategic rivalry with Washington in the post-Trump era.

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China and the US have been working to keep the peace ahead of possible reciprocal visits by US President Donald Trump (left) and Chinese President Xi Jinping (right), shown here in Busan, South Korea, on October 30. Photo: AFP
Greenland

Punch back or punching bag? EU weighs response to Trump Greenland tariff threat

Bloc has been reluctant to act on his various punitive moves, but many now believe that a threshold has been crossed, analysts say.

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Greenland

Europe prepares retaliation over Trump’s Greenland ultimatum

Eight European countries consider US$108 billion retaliation and ‘anti-coercion’ tools after Trump vows tariffs on Europe over Arctic island.

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European Union

South American bloc and EU sign long-awaited FTA amid Trump’s tariffs

The deal creates one of the world’s largest free trade areas after 25 years of tricky negotiations.

A worker sets up the stage for the signing ceremony of the agreement between the European Union and Mercosur in Paraguay’s central bank in Asuncion on Friday. Photo: AFP
US-China trade war

Trump shrugs off concerns over Canada-China EV deal, calls it a ‘good thing’

Despite Trump’s support for landmark accord, US Trade Representative Jamieson Greer said Ottawa may regret its decision ‘in the long run’.

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While US President Donald Trump said on Friday it’s a “good thing” that Canadian Prime Minister Mark Carney has signed a trade deal with China, his trade chief cautioned that Canada could regret the decision. 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

This week: China and Canada to cut tariffs, Taiwan agrees chips and tariff deal with US, China trade surplus hits record, and PBOC cuts relending rates. Next week, China economic growth may hit post-Covid low, Trump attends Davos, DeepSeek reaches first anniversary, and more.

India

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

Such punitive tariffs would erode India’s export competitiveness and force the country to reorient its trade elsewhere, analysts warn.

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A train carrying cargo containers rides along a railway track in Ajmer, India, in August 2025. The US is India’s largest export market, receiving about 18 per cent of its total goods exports. Photo: AFP
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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