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US-China trade war

US-China trade war
Breaking news and analysis on the US-China trade war, its history and timeline, and the impact on the global economy.
Practitioners perform martial art next to a BYD Sealion 7 electric vehicle at Singapore Motorshow on January 9. Photo: AFP
US-China relations

Tesla’s defeat, Harvard’s success, Beijing’s shock: 7 US-China relations reads

From China’s EV power to Hegseth’s new threat, here are highlights from the SCMP’s overseas correspondents in the first half of January 2026.

China energy security

AI is reshaping US-China tech race – can electricity tilt the balance?

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US-China relations

China dumps more US debt, buys other assets as Trump targets Powell

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US-China decoupling

China’s slowing growth, bilateral tensions top US business concerns

Survey by American Chamber of Commerce in China finds that expectations for Sino-US ties have ‘improved significantly’.

Car destined for export at the Longtan Container Terminal in Nanjing, Jiangsu province, on Wednesday. Photo: AFP
United States

A Chinese tech hub eyes 3- to 7-nanometre chip breakthroughs to beat US curbs

Province’s five-year plan backs national push for tech independence – but can it succeed?

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Rare earths

US lawmakers propose US$2.5 billion agency to boost production of rare earths

The US is moving to reduce reliance on China after Beijing used its dominance in critical minerals to gain leverage in the trade war.

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European Union

Opinion | An internally split Europe can never fully engage China and Asia

The Brussels effect is real but so is Europe’s strategic subordination to the US. For China, and Asia, this means proceeding with pragmatism.

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Illustration: Craig Stephens
Rare earths

Trump tackles China’s rare earth grip with talks instead of tariffs

The US president’s new global deal-making drive kick-starts what is likely to be a years-long effort to pare reliance on Chinese critical minerals.

Mainland China

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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US-China relations

Biden administration decision to scrap China Initiative flawed: White House

US top science adviser Michael Kratsios says ceasing programme aimed at combating economic espionage from Beijing ‘damaging’.

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Michael Kratsios, the director of the White House Office of Science and Technology Policy, said the Biden administration’s decision to terminate the China Initiative programme was “damaging”. Photo: Reuters
US-China relations

Brazil-China trade hits record US$171 billion in 2025 as US tariffs prompt pivot

The US is a distant second in trade volume with Brazil as Beijing helps soften the impact of Washington’s levies.

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A herd of cattle is seen at a farm in Sao Felix do Xingu, Para state, Brazil, in June last year. Total trade volume between Brazil and China rose 8.2 per cent year on year in 2025. Photo: AFP
US-China tech war

Why China may buy Nvidia’s AI chips as US eases curbs – and replace them later

As the US reverses Biden-era restrictions, Beijing likely to take advantage – without compromising own industry, analysts say.

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China trade

China trade surplus hits US$1.2 trillion even with Trump tariffs

Chinese exporters brushed off the US trade war in 2025, partly by finding new markets, while lower oil prices and investments in renewable power kept imports flat amid economic growth.

Banking & finance

Growth in sovereign investors’ China exposure slows amid political tensions

Inflows fall 58 per cent as sovereign wealth funds grow cautious, yet outlook signals selective opportunities ahead, experts say.

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Sovereign investment activity has become increasingly politicised, forcing some Western state-owned investors to avoid major deals in China, according to a data platform. Photo: EPA
China trade

China’s US$1.2 trillion trade surplus

China posted its first trade surplus above US$1 trillion in 2025 as exporters reshaped operations to weather the US trade war and imports stagnated amid lower oil prices.

China’s US$1.2 trillion trade surplus
China trade

As China’s US exports plunge, Beijing banks on diversification for 2026 growth

Shipments to Asean and Africa surged to drive a record US$1.19 trillion surplus for China, offsetting headwinds as leaders push to boost local demand.

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Mainland China

US government approves Nvidia H200 chip exports to China

Trump administration on Tuesday gave the green light to China-bound sales of Nvidia’s second most powerful AI chips.

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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
China tariffs

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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US-China relations

Opinion | Trump’s audacious imperialism will only propel China’s rise

Far from setting China back, Trump’s foreign policy is bolstering the case for viewing Beijing as the driver of a more equitable world.

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China manufacturing

Fears over China’s trade surplus misplaced as West also driving trend: analysts

China’s global manufacturing dominance is a tale of two halves; reliant on home-grown industrial growth and Western consumption, experts say.

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An aerial drone photo shows a cargo ship docking at Lianyungang Port, east China’s Jiangsu Province. China’s foreign trade in goods has sustained strong resilience with steady growth in the first 11 months of 2025 despite external headwinds, according to official data. Photo: Xinhua
China trade

Will Trump’s Iran tariffs send China searching for new oil sources?

Analysts urge China to protect strategic interests abroad after unexpected announcement, which is likely to push up oil import costs.

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China, Iran’s largest trading partner, would be among the countries most affected by new US tariffs targeting Tehran’s commercial ties. Photo: Reuters
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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China's economic recovery

China prioritises export controls, supply chains to shield economy in 2026

Commerce ministry also pledges to boost domestic demand, services and two-way investment over coming year.

Beijing has deployed export controls amid the US-China trade war as well as trade and diplomatic disputes with other countries. Photo: AP
US-China relations

US government abandons plan to blacklist Chinese-made drones

Commerce Department, FCC make U-turn after barring imports of new Chinese drone models in December to address national security concerns.

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A US farmer uses a DJI drone to put crop cover on his farm in Hickory, North Carolina. The Trump administration has dropped a plan to impose restrictions on Chinese-made drones. Photo: AP
US-China relations

Trump-Xi diplomacy put to test thanks to contentious tit-for-tat Covid lawsuits

Unpaid billions of dollars in judgments against China sucks US State Department into escalating legal dispute, but Beijing remains defiant.

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China shipbuilding

China’s shipyards still lead the world, but US threats took a toll in 2025

Chinese shipbuilders saw their market share dip for the first time in five years in 2025, as uncertainty over US port fees roiled the industry.

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