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

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

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India

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

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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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Statues of a bull and a bear face off in front of the German stock exchange in Frankfurt. Photo: Reuters
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.

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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US President Donald Trump shakes hands with David Perdue during Perdue’s swearing-in ceremony as the US Ambassador to China at the White House in May. The pair are set to meet at Trump’s Mar-a-Lago estate in Florida on Friday. Photo: Reuters
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.

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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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’.

A Palestinian woman walks along a street surrounded by buildings destroyed during Israeli air and ground operations in Sheikh Radwan, a residential district of Gaza City, on December 30. Photo: AP
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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US President Donald Trump salutes after disembarking from Air Force One at Joint Base Andrews on October 30. Photo: Reuters
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.

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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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.

A worker gathers rice grain with a broom in a grain market at Mansa in the northern state of Punjab, India, in November. Photo: Reuters
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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A salesman checks the quality of a diamond necklace through a magnifier at a jewellery store in Chennai. India is the world’s largest exporter of diamonds due to its dominance in gem cutting and polishing. Photo: AFP
Indonesia

Prabowo, Trump to sign Indonesia-US trade deal as issues resolved

The pact removes tariffs on major Indonesian exports and boosts economic ties between the two countries.

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China-South Korea relations

Blackpink for Ayumi? Why China may reward South Korea’s soft stance on Japan row

Beijing is reviving stalled trade talks with Seoul as the Lee administration breaks with Tokyo on Taiwan, and analysts say Chinese market access could be the geopolitical prize.

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European Union

Trump tariffs push Swiss pharma CEO to urge price alignment with US

Switzerland and the United States are locked in negotiations on the details of a deal slashing a whopping 39 per cent levy to 15 per cent.

A 3D-printed miniature model of U.S. President Donald Trump, the Switzerland flag and the word ‘Tariffs’ in this illustration from July 23. Photo: Reuters
United States

Opinion | How Trump is hastening the end of American hegemony

Although the US economy is growing and inflation remains low, the uncertainty sowed by the president’s policies will have sobering long-term consequences.

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United States

Are Trump loyalists struggling in US rural heartland ready to say ‘enough’?

Hammered by crippling costs and precious revenue lost to China, Midwest farmers’ loyalty to the US president will be tested in 2026 midterms.

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United States

Mexico’s 50% tariff shock shuts Asia’s North American trade bypass

A tariff wall will soon separate protected partners like CPTPP members Singapore and Malaysia from exporters facing a shutout.

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A drone view shows the Manzanillo seaport in Mexico in April. Photo: Reuters
US-China trade war

Trump signs defence bill restricting investment in Chinese tech, military firms

Key provisions target contracts with Chinese biotech companies and outbound investment in technologies with military applications in China.

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US President Donald Trump signed an extensive defence bill on Thursday that restricts US investment in Chinese technology companies and military firms. Photo: TNS
US-China trade war

China reportedly sticking to its soybean deal with US, but worries remain

Beijing secures 7 million tonnes of soybeans, passing halfway mark of its US purchase agreement. However, little has been shipped so far.

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United States

Trump gives himself high marks in 2025 report card, with his eyes on 2026 fight

In a White House speech, the president claimed economic and foreign policy wins while urging voters to back his agenda in the midterms.

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China-Latin America relations

Mexico stands by its decision for 50% tariffs on Chinese goods

Government defends tariff package as vital to supporting domestic workers and producers, and not aimed at curbing imports from China.

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Mexican Economy Secretary Marcelo Ebrard on Monday defended his country’s decision to impose new tariffs on imports from China. Photo: AP
Malaysia

Trump’s tariffs on Southeast Asia put US Christmas gifts at risk

From Hot Wheels to headphones, new levies are squeezing the supply of Americans’ festive favourites.

Passers-by look in Christmas-themed shop windows at Macy’s department store in New York earlier this month. Photo: Zuma Press Wire/dpa
China-EU relations

EU fears China’s role in Russia’s war on Ukraine is deepening

Multiple sources confirm increase in Beijing backing before China-Russia ties are discussed by ministers from the EU’s 27 members on Monday.

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United States

Outside In | It’s an expensive Christmas for Americans thanks to Trump’s tariffs

It’s been years since the US president extolled the virtues of trade wars: how much longer before he recognises tariffs harm the US economy?

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