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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.
Regional ministers pose for a group photo during the Asean Economic Ministers’ Retreat in Manila on Friday. Photo: EPA
Asean

Asean trade strategy: diversifying beyond US and Chinese markets

The bloc will look for new markets and deepen regional cooperation to reduce trade uncertainty, economic ministers say.

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US-China trade war

China and US trade talks off to a low-key start after first meeting in Paris

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China-EU relations

Tariffs and distrust: EU’s bid to ditch China hits capacity problems

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Vietnam

Vietnam records world-highest trade surplus with US, surpassing Mexico, China

Vietnam’s exports to the US rose 53 per cent to exceed US$20 billion in January from a year earlier, official data ‌shows.

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A container ship sails from the Hai Phong International Container Port in Vietnam. Photo: Reuters
US-China trade war

Trump’s tariff investigation ‘bluff’ will not work on China, analysts warn

Beijing has grown wise to the US president’s ‘art of the deal’ tactics and will not be fazed by the new Section 301 investigations, analysts say.

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United States

US launches trade probe into China and EU in bid to revive Trump tariffs

The Section 301 investigations could lead to another set of import taxes to replace those struck down by the Supreme Court.

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India

India’s 30-day Russian oil waiver comes with a steep US price tag

Washington has granted New Delhi a brief waiver for stranded Russian crude – but expects it to ramp up American oil purchases in return.

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India’s Prime Minister Narendra Modi (right) meets Russia’s President Vladimir Putin in New Delhi, India, on December 5, 2025. Photo: Sputnik/Reuters
China-EU relations

Get realpolitik? Von der Leyen questions Europe’s faith in rules-based order

The EU must become more realistic and interest-driven to keep up with the new world order, bloc chief says.

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Indonesia

Indonesia’s US trade deal faces a sovereignty reckoning at home

Nearly 80 civil groups and 65 academics have signed a petition urging parliament to block ratification of the ‘shameful’ deal.

United States

US tariff refund system to be ready in 45 days, after Trump duties struck down

The US customs agency is trying to hammer out a process for returning US$166 billion in tariff ‌payments to around 330,000 importers.

A US flies in front of shipping containers at the Port o Los Angeles in June 2025. Photo: TNS
Donald Trump

Trump’s 15% global tariffs likely to start this week, US Treasury chief says

US president imposed a 10 per cent levy after the Supreme Court invalidated his previous measures, then threatened to raise it further.

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US Treasury Secretary Scott Bessent speaks at the Economic Club Of Dallas in Texas in February. Photo: AFP
US, Israel war on Iran

Global stock sell-off slams Wall Street as oil prices leap on Iran war woes

The Dow ended down 403 points, after plunging over 1,200 earlier in the day.

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Donald Trump

US appeal court denies Trump bid to delay tariff refund lawsuits

The tariffs, which had been ruled illegal by the high court, had generated more than US$130 billion for the US government as of late 2025.

US-China relations

Editorial | China now holds more cards ahead of Xi-Trump meeting

US Supreme Court reversal of Trump’s tariffs leaves China with lower tariffs and US deals with allies in doubt.

Chinese President Xi Jinping addresses the opening of a study session on January 20. Photo: Xinhua
Japan

Macroscope | Why Japan should push back on Trump’s investment demands

Trump’s use of tariff threats to strong-arm foreign governments, companies and investors into funding US projects should be resisted.

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Japanese Prime Minister Sanae Takaichi, with US President Donald Trump, speaks to members of the military aboard the USS George Washington aircraft carrier docked at the American naval base in Yokosuka, Japan on October 28, 2025. Photo: AP
United States

US seeks delay on tariff refund court hearing, faces above 2,000 lawsuits

Lawyers for companies seeking tariff refunds have been pushing the courts to speed up the process.

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Vietnam

Opinion | Southeast Asia, do not mistake Trump’s tariff defeat for a reprieve

One court loss won’t end the trade wars. But if ‘Peak Trump’ has arrived, the region’s negotiating hand may have just got stronger.

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Taiwan

As I see it | Taipei must break free of its abusive relationship with Washington

US President Donald Trump’s tariff blitz is not Taiwan’s fault, but the self-ruled island must come to see that Washington is unreliable.

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Taiwanese leader Lai Ching-te delivers a New Year’s Day speech on January 1 at the presidential hall in Taipei. Photo: Handout via AFP
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.

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India

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

Washington has previously tied lower tariffs on Indian exports to the US to New Delhi’s commitment to curb its purchases of Russian oil.

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Los Angeles protests

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

Pierre Poilievre outlined his vision for Canada’s relationship with the US after the prime minister’s recent outreach to Beijing.

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Canadian Conservative leader Pierre Poilievre on Thursday. Photo: The Canadian Press via AP
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.

A container ship leaves a cargo terminal in Tokyo in April 2025. Photo: AP
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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