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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.
China’s exports soared to record highs in 2025, but those to the US fell 20 per cent for the year, according to customs data.
US-China trade war

After Trump’s tariff setback, will US firms rush to stockpile Chinese goods?

Front-loading expected but not at levels seen ahead of last year’s sweeping “Liberation Day” duties, analysts say.

India

India in limbo over Russian oil imports as talks with US on trade deal continues

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Los Angeles protests

Canada cannot replace US with China, Carney’s Conservative rival says

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China-EU relations

China-EU trade ties are at a crossroads. Could tech bridge the divide?

A hostile Washington is creating openings for a reset – but deep-seated issues remain, analyst says.

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China-EU relations have suffered in recent years, but the Trump administration’s hostility towards the bloc has raised hopes for a reset. Several high-profile European leaders have headed east in recent months, though deep concerns over China’s export machine remain. Photo: Reuters
US-China trade war

US to keep China tariffs steady ahead of key Trump-Xi meeting: Greer

Trade envoy confirms levies on Chinese goods to remain within range of 35 per cent to 50 per cent depending on the product as tensions ease.

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China trade

Trump’s USMCA exit threat seen pushing Canada into China’s arms

Analysts expect Ottawa to diversify trade as future of North American trade pact remains uncertain, while a US departure would ‘hit Canada like an earthquake’.

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India

India and Brazil set sights on US$30 billion trade milestone by 2030

The two founding Brics members are deepening links on rare earths, innovation and AI to diversify growth beyond the West.

Brazilian President Luiz Inacio Lula da Silva and Indian Prime Minister Narendra Modi hold a press conference after a meeting in New Delhi on Saturday. Photo: EPA
Japan

No takebacks: Japan wants US to stick to trade deal amid tariff turmoil

Japan could see extra tax burdens on some goods if Trump’s new 10 per cent tariffs were to be applied unilaterally, the trade minister said.

China trade

Open Questions | Abraham Newman on how world can resist US, China economic coercion

Threatening rivals’ economic choke points is nothing new, but Trump has politicised it, political scientist says. He suggests ways countries and companies can respond.

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US-China trade war

Trump lashes out at US Supreme Court, rolls out new 10% global tariffs

Decision threatens administration’s trade agenda; casts shadow on Xi-Trump summit as some China tariffs wiped out before Beijing talks.

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US President Donald Trump delivers remarks on so-called reciprocal tariffs during an event at the White House last April. Photo: AFP
China trade

China defends WTO’s ‘equal treatment’ rule – what it means for global trade

Beijing warns that ending non-discrimination in global trade rules could see powerful countries dominate smaller ones.

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The WTO launched a formal self-review in 2022, and is expected to discuss reform proposals in March. Photo: AFP
Trade

Outside In | Try as it might, the US alone can’t reverse the tide of globalisation

Accounting for a significant share of world trade, Europe and Asia are far more decisive players in the fast-changing globalised economy.

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US-China relations

Former Biden official says US must work with allies to counter China

Kurt Campbell warns Trump’s strategy risks weakening Washington leverage as policy machinery erodes and Beijing sharpens its approach.

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Diplomacy

Opinion | The 21st-century order has outgrown 20th-century institutions

Despite international tensions, countries still seek cooperation based on shared interests. Institutions must embrace this trend.

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Illustration: Craig Stephens
US-China trade war

US trade deficit widens sharply in December, testing Trump tariff claims

Trade with China remains a major driver of the US deficit, even as imports shift towards Southeast Asia and other partners.

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In December, the US goods deficit with China stood at US$12.4 billion, underscoring Beijing’s continued role in America’s trade gap. Photo: Getty Images
United States

Trump tells Starmer ‘do not give away Diego Garcia’ in new attack on Chagos deal

President says the UK should not lose control of Indian Ocean island by entering ‘tenuous’ lease, amid concerns about China’s growing ties there.

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Canada

Canada launches huge defence plan to curb reliance on Trump’s US

Prime Minister Mark Carney has become one of the most prominent global voices criticising the US president’s administration.

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Britain

Starmer urges Europe to deepen interdependence amid Trump threats

Starmer has attempted to good relations with the US president to avoid the most punitive of tariffs and persuade him to continue supporting Ukraine.

US President Donald Trump and British Prime Minister Keir Starmer during a press conference at Chequers at the conclusion of a state visit on September 18 last year in Aylesbury, Britain. Photo: Reuters
Donald Trump

Trump privately weighs quitting USMCA trade pact he negotiated

Ahead of the July review, President Trump questions aides on a US withdrawal, signalling a shift towards bilateral talks with Canada and Mexico.

Japan

Is Japan’s US$550-billion Trump ‘signing bonus’ a deal with strings attached?

Tokyo races to fund US projects to keep a 15 per cent tariff rate, as critics question if the ‘signing bonus’ is a gift or a high-interest loan.

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China-EU relations

EU seeks independence, survival amid China-US economic dominance

European leaders meet to address the bloc’s economic woes, reliance on China and US, and shielding key industries from protectionist policies.

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European Commission President Ursula von der Leyen addresses a debate on the urgent action required to boost EU competitiveness, deepen the single market and reduce the cost of living, at the European Parliament in Strasbourg, France, on Wednesday. Photo: AFP
United States

Trump’s White House edits India trade deal, sparking confusion over terms

Revised statements swap ‘commitments’ for ‘intentions’ as Indian farmer groups prepare nationwide protests over sensitive agricultural deals.

An art student completes a mural of US President Donald Trump and Prime Minister of India Narendra Modi, in Mumbai, India in August 2025. Photo: AP
US-China relations

China, Trump targeted in House hearing on foreign influence in US non-profits

Claims made at Congressional hearing that network of foreign donors paid American advocacy groups billions to try to influence US policy.

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Canada

Carney speaks to Trump after he demands half of bridge that Canada paid for

The US$4.7 billion bridge that links the Canadian province of Ontario with the US state of Michigan is due to open this year.

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US-China relations

Trump’s ‘vacillating’ China policy causing confidence crisis in allies: report

‘Sweeping destruction – rather than careful reforms and policy corrections – is the order of the day’, Munich Security Report 2026 says.

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Munich Security Report 2026 says “the world has entered a period of wrecking-ball politics”. Photo: Handout
India

India’s oil imports from Russia snared by Trump order, tariff threat

All state-owned and private refiners had paused buying any spot cargoes since Trump first mentioned the deal on social media a week ago.

US President Donald Trump (right) shakes hands with Indian Prime Minister Narendra Modi in the Oval Office of the White House in Washington, DC, on February 13 last year. Photo: AFP
Greenland

Open Questions | Trump’s ‘imperial’ agenda and the end of the old world order: Luuk van Middelaar

Political theorist says rapid acceleration of the US president’s ‘offensive, almost imperial’ agenda has left Europe disoriented.

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India

India’s trade blitz seeks to keep afloat a sinking global order

‘Jolted out of its slumber’ by US tariffs, New Delhi is aggressively diversifying trade alliances to act as a bridge in a polarised world.

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