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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.
An illustration shows a 3D-printed miniature model of US President Donald Trump, the EU flag and the word “Tariffs”. Photo: Reuters
Donald Trump

How Asia’s economies could benefit from Trump’s global power plays

Countries such as Canada are looking to diversify their customers, particularly for oil and gas, with ‘a strong focus on Asia’, analysts say.

World Economic Forum (WEF) at Davos

Macron urges Europe to hit back against Trump’s threats

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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

Amid escalating transatlantic rifts fuelled by Donald Trump, vice-premier urges global cooperation, free trade and dialogue, pledging to boost imports and open China’s market.

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Vice-Premier He Lifeng delivers a speech during the World Economic Forum annual meeting in Davos, Switzerland, on Tuesday. Photo: AFP
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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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.

Vehicles wait to be loaded onto a carrier at the Taicang Port on January 11, 2025 in Suzhou, Jiangsu province. Photo: VCG via Getty Images
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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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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Danish soldiers after disembarking at the harbour in Nuuk, Greenland on Sunday. Photo: Mads Claus Rasmussen/Ritzau Scanpix via Reuters
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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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.

Canadian Prime Minister Mark Carney and Chinese President Xi Jinping. Photo: Reuters
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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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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Canadian Prime Minister Mark Carne shakes hands with President Xi Jinping at the start of a meeting in Gyeongju, South Korea, on October 31, 2025. Photo: AP
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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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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An Iranian police officer watches over a pro-government rally in Tehran on January 12. Photo: West Asia News Agency via Reuters
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.

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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Canadian Prime Minister Mark Carney shakes hands with Chinese President Xi Jinping at the start of a meeting in Gyeongju, South Korea, in October. Photo: The Canadian Press via AP
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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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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