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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.
Illustration: Craig Stephens
European Union

Opinion | In dealing with Trump, Europe must realise power respects power

Instead of outsourcing its defence capacity to Washington and limiting economic ties with Beijing, the EU should focus on building leverage.

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India

EU envoys top guests at India celebration to seal trade deal

US-China relations

China to ‘quietly track’ Greenland developments amid Arctic ambitions: analysts

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India

India, EU ramp up push for ‘historic’ free-trade deal amid US tariff tensions

A trade pact with the EU would offer an ‘alternative market’ for Indian goods amid a fraught global environment, analysts say.

European Commission President Ursula von der Leyen and India’s Prime Minister Narendra Modi during a meeting in New Delhi, India, in February 2025. Photo: Reuters
European Union

Macroscope | Why Europe struggles to stand up to Trump

Despite being equipped with powerful tools in its economic arsenal, Brussels lacks the leverage needed to keep Washington in check.

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United States

Trump’s freewheeling Davos speech stirs unease among global audience

Harsh rhetoric from the US leader at forum combined threats towards allies with praise for traditional adversaries during a 70-minute talk.

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European Union

Explainer | What is the ‘trade bazooka’ the EU may use against Trump’s Greenland threats?

Under pressure from the US president, the bloc is considering measures that could inflict billions of dollars of losses on American firms.

A protester holds a placard reading ‘Stop Trump’ during a rally in Zurich, Switzerland, on Monday, before the World Economic Forum meeting in Davos. Photo: EPA
United States

Trump lays out Greenland-Arctic deal framework, pauses February tariffs

In his speech to the World Economic Forum in Davos, the US president vowed not to invade Greenland while slamming Nato and Europe.

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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) in Davos

Macron urges Europe to hit back against Trump’s threats

French president advocates use of the EU’s anti-coercion mechanism against US tariffs, as he warns of moving ‘towards a world without rules’.

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French President Emmanuel Macron, wearing aviator sunglasses due to an eye condition, delivers a speech during the World Economic Forum annual meeting in Davos, Switzerland, on Tuesday. Photo: dpa
China trade

China’s zero-tariff gambit: why Beijing is slashing duties as Trump raises them

China’s average effective tariff rate estimated to be as low as 1.3 per cent in 2025, helping it secure raw materials and build soft power.

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Chinese President Xi Jinping and African leaders arrive at a forum on China-Africa cooperation in Beijing. China has pledged to cut tariffs on most African imports to zero. Photo: Xinhua
World Economic Forum (WEF) in 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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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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US President Donald Trump took shots at French leader Emmanuel Macron for so far rejecting his invitation to join a proposed Board of Peace. Photo: AFP
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.

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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Morris Chang, founder of Taiwan Semiconductor Manufacturing Company (TSMC), gives a speech at the company’s production site in Phoenix, Arizona, in 2022. The firm has now bought a second tract of land adjoining the site. Photo: AP
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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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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Australia’s ambassador to the United States, Kevin Rudd, is stepping down a year earlier than expected and is returning to lead the Asia Society think tank. Photo: TNS
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.

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