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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.
US President Donald Trump announces the US Navy’s “Golden Fleet” battleship programme at Mar-a-Lago in Palm Beach, Florida, in December 2025. Photo: AFP/Getty Images/TNS
US, Israel war on Iran

Trump seeks US$1.5 trillion for defence in new budget request amid Iran war

If enacted, it would set military spending at its highest level in modern history, underscoring the US’ ongoing focus on defence investment.

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China-Latin America relations

Brazil exporters bypass local banks to tap China’s US$1 trillion Sinosure fund

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China-Canada relations

Canada’s finance minister visits China as both countries seek to bolster ties

2026 Trump-Xi summit

Trump-Xi summit: US trade chief casts doubt on pre-meeting Beijing visit

Trade Representative Jamieson Greer says key Trump officials unlikely to meet Chinese counterparts, in a break from usual practice for talks.

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US Trade Representative Jamieson Greer addresses the media after trade talks with the Chinese delegation in Paris in March. Photo: AFP
War and conflict

Macroscope | Iran war’s ripple effects are just getting started for Asia

From tariffs to supply chain disruption, Asian economies reliant on energy imports find themselves cornered between compounding crises.

US-China trade war

Trump pitches China trade ‘win’ to US farmers ahead of Xi meeting, midterms

Claims come despite farmers remaining unsure if China will meet its 25 million-tonne commitment for 2026, as planting season approaches.

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US-China relations

Trump-Xi summit: US announces new dates in May

Press secretary Karoline Leavitt says Trump will also host Chinese leader in Washington later this year.

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The long-awaited meeting between US President Donald Trump and Chinese President Xi Jinping will take place in Beijing on May 14 and 15, the White House said on Wednesday. Photo: Reuters
US-China relations

Trump-Xi summit will be very amicable, predicts former Biden official

Kurt Campbell expects to see both leaders being ‘extraordinarily polite and engaged’ during key rescheduled meeting despite Iran conflict.

2026 Trump-Xi summit

Exclusive | What are the real reasons behind the change of date for Trump’s China visit?

After confirmation that the high-stakes Xi-Trump summit will be delayed, analysts find a complex story beneath the official surface.

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Asean

Opinion | Tariffs grab headlines, but non-tariff barriers decide winners in Asean

Trump’s flashy tariffs get the attention, but non-tariff barriers are what truly kill competition and leave firms and consumers worse off.

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US President Donald Trump (left) and Malaysia’s Prime Minister Anwar Ibrahim hold up signed documents on a trade deal in Kuala Lumpur on October 26, 2025. Photo: AFP
Malaysia

Fate of US-Malaysia trade pact rests on Washington’s next move

The US$240 billion deal isn’t ‘null and void’ yet, says the trade minister, as Malaysia waits for Washington to submit updated terms.

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Malaysia’s Minister of Investment, Trade and Industry Johari Abdul Ghani. Photo: Facebook/joharighaniofficial
US-China relations

Beijing on Iran war, Trump trade plan, new AI arena: 7 US-China relations reads

From a new US maritime strategy to the Iran crisis, here are highlights from SCMP’s overseas correspondents in the first half of March 2026.

Malaysia

Deal or no deal? Malaysia-US trade pact in turmoil after minister ‘misspeaks’

First, a minister called the deal dead. Then his ministry backtracked. Now the opposition is demanding answers.

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Asean

Can Asean break free from US-China supply chain grip?

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

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

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

Discussions expected to focus on trade, investment and rare earths ahead of crucial Xi-Trump summit later this month in Beijing.

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The Chinese delegation arrives in Paris for trade talks with the United States on Sunday. The first meeting between the world’s two biggest economies proved to be a low-key affair. Photo: EPA
China-EU relations

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

‘Thinly spread’ bloc seeks this week to thrash out memorandum on critical minerals with the US, eyeing a more formal instrument down the road.

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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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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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US President Donald Trump, left, talks to Chinese President Xi Jinping as they shake hands after their talks in South Korea in October. Photo: TNS
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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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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Preparations are already under way for a “European Security Strategy”, an approach that will be the cornerstone of Ursula von der Leyen’s vision. Photo: Reuters
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.

Indonesia’s President Prabowo Subianto (left) and US President Donald Trump at a summit in Egypt last year. Photo: AFP
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.

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, 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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A display featuring Iran’s slain supreme leader Ayatollah Ali Khamenei in Tehran on Tuesday. Photo: AFP
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 President Donald Trump at the White House in Washington on Monday. Photo: Reuters
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.

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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