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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.
A soybean farmer inspects his harvest at his family’s farm in Maryland in October. US farmers fear that the government’s new US$12 billion farm aid package will not provide enough funding. Photo: AFP
US-China trade war

‘A slap in the face’: Some US farmers unhappy with Trump’s $12 billion bailout

US soybean growers, who were hit hardest by tariff disputes, have voiced frustration that overdue funding falls well short of what they need.

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Donald Trump

Trump talks trade with Canada, Mexico leaders at World Cup draw

China-Latin America relations

Trump’s national security blueprint aims to combat China’s rise in Latin America

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United States

Trump could decide next year to withdraw from USMCA: US trade representative

‘The president’s view is he only wants … a good deal,’ Jamieson Greer told Politico, referring to the US-Mexico-Canada trade agreement.

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US Trade Representative Jamieson Greer. Photo: AFP
Donald Trump

Trump and Sheinbaum to meet for first time at Fifa World Cup draw in Washington

The Mexican president, along with Canada’s PM Mark Carney, is expected to discuss trade tariffs with Trump at the football tournament draw.

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India

Macroscope | India and Japan show impact of Trump’s tariffs extend beyond trade

While Japan is grappling with acute policy dilemmas and AI bubble fears stalk markets, India seems relatively resilient and forward-looking.

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China-EU relations

Most Europeans want to keep same distance between US and China, poll finds

Some 55 per cent of those surveyed would rather not align with either superpower, while 48 per cent saw Trump as ‘a foe of Europe’.

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One-fifth of respondents in nine EU member countries said they would prefer to align with the US over China. Photo: AP
US-China trade war

USMCA urged to form joint mechanism to address China’s national security threats

US, Mexico and Canada encouraged at US trade hearing to oversee ‘pragmatic and specific plan’ to strengthen economic rules against China.

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China-Latin America relations

Trump seizes on China ‘ban’ in Brazil soy trade, but data shows US gains small

China halted imports of soybeans from five Brazil-based exporters after pesticide-treated wheat was found mixed into cargo bound for Beijing.

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US-China relations

Opinion | ‘America first’ can’t mean America alone if West hopes to counter China

Keeping US allies onside means rolling back tariffs and coming up with a long-term strategy, both of which are counter to Trump’s strengths.

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Illustration: Craig Stephens
United States

US-UK zero tariff deal to reshape NHS medicine spending

The agreement removes tariffs on medicines and raises NHS spending on new drugs by 25 per cent, boosting pharmaceutical growth.

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The US will exempt UK pharmaceuticals and medical tech from tariffs, under a new trade agreement. Photo: Shutterstock
Singapore

Like a ‘debt collector’? US ambassador irks Singaporeans by justifying tariff

While Anjani Sinha has called on Singapore to help ‘rebalance’ trade, the US also benefits from its ties with the city state, analysts say.

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China trade

Explainer | Tripwire clauses: why is China alarmed by Malaysia’s new trade deal with the US?

Controversial wording seen as a geopolitical trap designed to force neutral countries to uphold Western containment strategies.

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Canada

Canada drops climate rules in oil deal, looks to Asia to weather Trump tariffs

PM Mark Carney’s agreement with the province of Alberta is part of a bid to diversify oil exports to markets outside the US.

Canada’s Prime Minister Mark Carney speaks at the Calgary Chamber of Commerce in Calgary, Alberta, on Thursday. Photo: Reuters
Switzerland

Swiss probe Rolex gifts to Trump over bribery concerns after tariff deal

The US and Switzerland agreed to a trade deal to cut tariffs this month, but giving ‘undue advantage’ to foreign officials risks 5 years in prison.

US President Donald Trump speaks in the Oval Office last month. Photo: TNS
US-China relations

Trump eyes possible Xi reunion at Apec as diplomacy shifts into high gear

A Shenzhen Apec stop could be one of four in-person meetings as both sides signal improving ties ahead of a pivotal political year.

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India

Economics above politics? India and Canada to resume trade agreement talks

While their ties plunged in 2023 over the death of a Sikh separatist, they are keen to restart trade talks due to US tariffs, analysts say.

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United States

Opinion | Trump can’t have it all: low prices, booming stocks, balanced trade

Trump wants to close the trade deficit while promising cheap goods and high asset prices. The cost? Devastating inflation or a market crash.

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US President Donald Trump signs the funding package to reopen the federal government in the Oval Office of the White House in Washington on November 12. Photo: EPA
Canada

Carney: global economic ‘centre of gravity’ shifting away from US

Canadian Prime Minister Mark Carney said the world can make progress on a range of issues without the US, following consensus reached at a G20 leaders’ meeting.

India

Ambani zoo, India cleared of probe curbing endangered animal imports

Vantara, a 3,500-acre zoo in Gujarat run by the Ambani family, faced allegations of improper imports of some endangered animals.

US-China trade war

Real possibility of US tariff refunds is sure to stir up a giant ‘mess’

Should Supreme Court rule against Donald Trump’s trade levies in coming weeks, the big question is how potential tariff refunds would work.

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Illustration: Lau Ka-kuen
US-China relations

Ex-Argentine leader warns against cutting China ties to improve US relations

Macri argues Argentina’s farm and commodity sales rely on China even as current president Javier Milei pursues broader deal with Washington.

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Argentina’s former president Mauricio Macri has warned the current Argentinian leadership not to cut ties with China just to curry favour with the US. Photo: AFP
Malaysia

Can Malaysia gain foothold in Africa against entrenched competition?

While Africa may offer ‘long-term opportunities’, analysts say Malaysia can only gain traction by focusing on areas with clear strengths.

United States

Trump’s tariffs to endure beyond his presidency, Raimondo says

The former US commerce secretary told a Singapore forum that no president wants to be seen as failing American workers and tariffs protect them.

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US-China relations

Opinion | US national security focus throws a spanner in the workings of global trade

While attention to legitimate national security interests is justified, trade matters have traditionally been viewed as a parallel sphere.

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US President Donald Trump gestures during the American Business Forum Miami at the Kaseya Centre Arena in Miami, Florida, US, on November 5. Photo: Reuters
Thailand

Why Trump won’t let Thailand keep tariff, border talks separate

The US president views the Thai-Cambodia ceasefire deal as a ‘diplomatic trophy’ and will use trade leverage to protect it, analysts say.

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US President Donald Trump shakes hands with Thailand’s Prime Minister Anutin Charnvirakul (left) during the ceremonial signing of a Thai-Cambodia ceasefire agreement in Kuala Lumpur on October 26. Photo: AFP
India

Trump exempts Indian items from tariffs amid rising consumer costs

Rising US grocery prices have led to exemptions for dozens of food items from Washington’s reciprocal tariffs.

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South Korea

Samsung, Hyundai announce US$310 billion domestic investment plans

South Korean manufacturers unveiled investments for the next five years as a US trade deal raised concerns of weakening manufacturing at home.

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