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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.
The nozzle was tested on a CK-300 drone. Photo: NUAA
Science

Could this thrust device give Chinese drones an edge over F-35s?

An aerodynamic tail nozzle designed in Nanjing proves its mettle in a high-subsonic speed drone test.

China economy

Opinion | Why the US really fears Chinese ‘overcapacity’

India

Opinion | Why the new US-India trade agreement is a big deal

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China trade

China-Canada canola deal faces test as USMCA trade talks loom, insiders warn

Initial shipments bring hope, but ‘Fortress North America’ threat and lack of long-term guarantees leave producers wary of Beijing’s commitment.

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Bottles of Canola Harvest brand canola oil, made by a Canadian agribusiness firm, are seen on the shelf of a grocery store in Beijing. Photo: AP
China-EU relations

Stung by Trump’s policies, German multinationals cautiously pivot towards China

German firms are keen to invest more in China as they shy away from the US, but they still face issues in the Chinese market, business group says.

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Belt and Road Initiative

Trump wants China out of South America – but Peru’s Beijing-backed port is abuzz

Beijing’s hunger for minerals and raw materials is pushing trade in the region to record levels, even after incidents in Panama and Venezuela.

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SCMP Exclusives

Exclusive | US defends new minerals alliance, rejecting claims it targets China

Washington says the Forge initiative is about securing supply chains against shocks and price coercion, not building an exclusive bloc.

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Mignon Houston, deputy spokeswoman for the US State Department, on Thursday in Washington. Photo: Handout
World Economic Forum (WEF) in Davos

Opinion | How Trump’s Davos spotlight was upstaged by middle powers breaking away

While they continue to flatter Trump, politicians and businesses are also pursuing new deals and trading partners, diversifying supply chains and exploring ways to reduce dependence on the US.

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US-China relations

US Treasury chief warns of China’s push for digital asset dominance

Scott Bessent tells senators the US must pass the Clarity Act to counter Hong Kong’s ‘sandbox’ and maintain global financial leadership.

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Transport and logistics

Panama’s ‘dangerous precedent’: why ports appear pawns as politics top contracts

Panama’s move to void CK Hutchison’s deal fuels fears of broader asset seizures, with analysts warning of rising risks for Chinese operators in the US sphere.

A view of the main entrance of the Port of Balboa in Panama City on Friday. A subsidiary of Hong Kong-based CK Hutchison, Panama Ports Company (PPC), announced on Tuesday that it had initiated international arbitration proceedings against Panama after its courts revoked the concession allowing it to operate two ports on the interoceanic canal. Photo: AFP
US-China relations

What Xi’s calls with Trump and Putin reveal about China’s balancing act

Beijing holds rare same-day talks with Kremlin and White House as powers face headwinds at home, energy uncertainties and nuclear pact’s end.

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There is growing speculation that Chinese President Xi Jinping (centre), US President Donald Trump (left) and Russian President Vladimir Putin (right) could make a rare appearance together at the Apec summit in China in November. Photo: AFP/Xinhua/Reuters
United States

Opinion | Tariff by tariff, Trump is building a trade wall around the US

Amid the precarity of Trump’s limited economic success at home, trade wars abroad have only sped up the transition to a multipolar world.

Malaysia

Malaysia denies granting US exclusive rare earth access in Trump trade deal

Signed at the Asean Summit with the US president, the deal remains under negotiation as Malaysian PM Anwar seeks further written assurances.

Ukraine

Canada’s former deputy PM hopes for less economic dependency on China in future

Canada’s former deputy prime minister supports economic system ‘in which China works’ but other countries’ vulnerabilities are limited.

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Chrystia Freeland, who served as Canada’s deputy prime minister, says countries must be careful about whom they build economic dependencies on. Photo: The Canadian Press via AP
United States

US pitches critical minerals plan to allies to halt Beijing’s dominance

More than 50 countries encouraged to back US-led framework using price floors and financing to blunt Beijing’s control of hi-tech materials.

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United States Vice-President J.D. Vance has proposed creating a new critical mineral trading bloc and coordinating pricing floors as Washington tries to loosen China’s control over rare earth mineral manufacturing. Photo: Reuters
China-Latin America relations

Panama president defends ruling after China slams canal port concession decision

Panamanian President Jose Raul Mulino rejects Chinese criticism, arguing verdict was within Panama’s constitutional and legal framework.

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United States

Opinion | Chilling effect of US outbound investment rules will extend beyond China

Outbound investment rules introduced last year are expanding and hardening into law, chilling US investment across Asia’s tech ecosystems.

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China food security

China signals strong soybean imports – what does it mean for food security?

Beijing also vows broader agricultural opening while safeguarding domestic production and farmers.

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China has committed to buying at least 25 million tonnes of US soybeans annually through 2028, according to Washington. Photo: Reuters
Asia-Pacific Economic Cooperation

Xi’s Apec playbook? How China could use new chair role at ‘pivotal juncture’

Hosting the bloc for just the third time in 25 years, China is promoting people-centred policies, infrastructure funding and predictability.

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US-China relations

Top US trade official spells out plan to break China’s grip on critical minerals

Howard Lutnick accuses China of dumping and weaponising supply chains as White House tries to rally allies to its cause.

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Hong Kong economy

CK Hutchison takes Panama to arbitration after court voids canal port rights

Move comes after Beijing called ruling self-sabotaging and warned Panama would pay heavy political and economic price.

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Hong Kong-based CK Hutchison Holdings has said it has launched arbitration proceedings to challenge the Panamanian court ruling. Photo: Sam Tsang
Diplomacy

Opinion | American allies are finally hedging against American risk

As US policy becomes more self-centred and unpredictable, traditional allies realise their best bet lies with diplomatic diversification.

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Illustration: Craig Stephens
Hong Kong economy

Letters | Hong Kong’s economic comeback is the best answer to its critics

Readers discuss the renewed global interest in Hong Kong, and the British prime minister’s visit to China.

China-Latin America relations

China’s Chalco, Rio Tinto buy Brazil’s CBA for US$886 million to secure minerals

Acquisition of Brazilian flagship aluminium firm reinforces China’s growing footprint in the country’s strategic mineral assets sector.

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US-China relations

Trump unveils US$12 billion push to curb China’s grip on critical minerals

The initiative, dubbed Project Vault, aims to create a commercial stockpile to shield US manufacturers from supply shocks and price swings.

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Project Vault would serve as a commercial “shock absorber”, marking the first civilian-scale US strategic reserve for critical minerals. Photo: Handout
Banking & finance

‘America First’ Fed? Why China economists doubt Trump’s pick can boost US dollar

Kevin Warsh unlikely to deliver long-term rebound while central bank independence still at risk, analysts say.

Kevin Warsh, Trump’s nominee for Fed chair, speaks during the Sohn Investment Conference in New York City, in 2017. Photo: Reuters
Yuan

Xi wants yuan’s global punch to match Chinese economic might

Xi Jinping’s wish to turn the yuan into a global reserve currency, and thereby boost China’s economic influence, conflicts with the nation’s capital controls.

China manufacturing

Stern rebuke: China shrugs off 2025 US threats to anchor shipbuilding dominance

Despite a market share dip, Chinese yards extend their commanding lead in key indicators, as high exports and lengthy backlogs signal resilience despite rivals’ gains.

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