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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.
President Xi Jinping holds a welcome ceremony for US President Donald Trump, who is on a state visit to China, outside the Great Hall of the People prior to their talks in Beijing on May 14. Photo: Xinhua
2026 Xi-Trump summit

China, US agree to establish trade, investment councils after Xi-Trump summit

The world’s two biggest economies also agree to roll back tariffs, deepen investment and establish a new board to manage disputes.

2026 Xi-Trump summit

Bought the farm? Details still fuzzy on scope of US-China agriculture deal

2026 Xi-Trump summit

Trump leaves China after much pomp and pageantry, but little to show for it

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2026 Xi-Trump summit

Trump and his CEOs want China’s business – but has Asia moved on?

The US delegation went to Beijing looking for deals, but a ‘super cycle’ of capital expenditures across Asia is already fuelling enormous growth.

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Illustration: Lau Ka-kuen
US-China tech war

Trump, Xi weigh AI ‘guardrails’ as Nvidia chip exports hang in the balance

Meeting in Beijing, the presidents weighed safety protocols for the rapidly emerging technology, and H200 chip shipments were a ‘sovereign decision’ for ‌China.

2026 Xi-Trump summit

China’s Xi Jinping to pay first state visit to US in more than a decade

According to the US president, leaders could meet three more times this year, though experts doubt this will fix major issues.

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US-China relations

As I see it | Beijing had already won before the Trump-Xi summit even started

There’s a lesson for the US president in Napoleon’s invasion of Russia in the early 19th century.

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US President Donald Trump (bottom right) shakes hands with Chinese President Xi Jinping upon arriving at the Great Hall of the People in Beijing on May 14. Photo: Reuters
2026 Xi-Trump summit

Trump, touting deal, says China to buy 200 Boeing jets with promise for more

After leaving Beijing, the US president announced a pledge to buy at least 200 jets, and up to 750 under certain conditions.

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Banking & finance

Stephen Miran, Trump’s economic guru, is leaving the Fed. What happens now?

Miran quit his job as a Trump economic adviser to join the US Federal Reserve board, where he became known as a vocal dove.

China manufacturing

After Trump visit, China’s top party journal doubles down on manufacturing push

The real economy must remain the bedrock of future growth, according to latest Qiushi article.

Welding robots at an industrial park of Sany, China’s leading heavy equipment manufacturer, in Changsha, central China’s Hunan province, on May 12. Photo: Xinhua
2026 Xi-Trump summit

Putin follows Trump to China, Xi hosts US president, Baidu earnings

This week: Putin set to visit China after Trump, China agrees to buy Boeing planes, US restates Taiwan position and April exports weather Strait of Hormuz shutdown. Next week: Baidu and Nvidia report earnings, April retail sales may accelerate, Europe-China space mission makes second take-off attempt, and more.

President Xi Jinping and President Donald Trump in Beijing. Photo: AP
2026 Xi-Trump summit

Xi Jinping meets foreign leaders: tracker, May 2026

Russian President Vladimir Putin will visit China right after the Trump-Xi summit.

2026 Xi-Trump summit

After Xi-Trump, China tech stocks retreat as market weighs ‘fantastic’ deals

Mainland benchmarks slip as investors lock in profits following Beijing summit, while analysts say the lack of specific deal terms suggests a deterioration ‘freeze’.

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US-China relations

Editorial | Xi-Trump summit in Beijing heralds start of constructive, stable relations

Through the meticulously planned welcome ceremony and Xi Jinping’s remarks, Beijing has emphasised the importance of stable bilateral ties to the world.

Children greet Chinese President Xi Jinping and Donald Trump at the welcome ceremony for the US president outside the Great Hall of the People prior to their talks in Beijing, China, on May 14. Photo: Xinhua
Semiconductors

The US-China trade war is entering a worrying new phase

The US and China are racing to roll out competing sanctions, rules and regulations, leaving firms trapped in a legal Catch-22.

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Illustration: Lau Ka-kuen
China-Latin America relations

China restores US beef trade amid Trump-Xi summit, alarming Brazilian exporters

Beijing’s renewal of import licences for US beef plants comes as Brazil nears its annual quota cap and scrambles for alternative markets.

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2026 Xi-Trump summit

Xi and Trump set sights on stability for China and the US – with a note of caution

A day of positive messaging and personal rapport includes an invitation to visit the White House in September.

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US-China relations

Is China set to benefit from new US Fed chair Kevin Warsh’s policy vision?

The appointment follows White House pressure on the central bank to lower interest rates – a move analysts warn could have unintended consequences.

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Kevin Warsh, the incoming chair of the US Federal Reserve, testifies before a Senate Banking Committee confirmation hearing on Capitol Hill in Washington on April 21. Photo: Reuters
2026 Xi-Trump summit

Macroscope | Trump-Xi summit puts US vulnerabilities on display

China weaponising rare earths turned the tables on Trump, showing how unprepared Western governments and firms were for a full trade war.

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Electric & new energy vehicles

Xi-Trump summit: Ford-CATL plant shows how global carmakers need China

Collaboration with Chinese suppliers ‘the only way international carmakers can compete with Chinese carmakers’, Morgan Stanley analyst says.

2026 Xi-Trump summit

Boeing nears ‘large’ China orders as Trump and Xi forge new trade board: Bessent

Washington and Beijing will discuss the board to manage commercial ties, and there is a plan to ‘pregame’ investments to avoid national security blocks.

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President Xi Jinping shakes hands with US Treasury Secretary Scott Bessent as US President Donald Trump looks on during a welcome ceremony at the Great Hall of the People in Beijing on Thursday. Photo: AFP
Donald Trump

Video | Xi and Trump tour Temple of Heaven during Beijing summit

The centuries-old temple has a symbolic connection with Chinese history.

China’s President Xi Jinping (C), US President Donald Trump (L) and Eric Trump (R) visit the Temple of Heaven in Beijing on May 14, 2026. Xi warned Trump that the issue of Taiwan could push their two countries into “conflict” if mishandled, a stark opening salvo as a superpower summit set to tackle numerous thorny issues began in Beijing on May 14. (Photo by Brendan SMIALOWSKI / POOL / AFP)
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2026 Xi-Trump summit

Xi-Trump summit casts optimistic light on lingering tensions

The presidents of China and the United States focused on cooperation and potential trade, rather than tougher issues, as they opened the first day of talks in Beijing.

China trade

China’s expanding industrial strategy

The country’s industrial strategy has shifted from targeting specific sectors towards covering all layers of production.

2026 Xi-Trump summit

After fanfare and banquet, day 1 of Trump’s China visit draws to a close

Presidents toast ‘most important bilateral relationship in the world’ at state dinner in Beijing.

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Chinese President Xi Jinping and US President Donald Trump shake hands at the state banquet. Photo: Reuters
US-China relations

US Senate warns of China’s nuclear capabilities hours before Xi-Trump summit

Beijing engaged in ‘unprecedented nuclear expansion’ in recent years that includes ‘hundreds of new missile silos’, senator tells hearing.

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DF-5C nuclear missiles are displayed during a military parade in Beijing in September 2025. Photo: Reuters
2026 Xi-Trump summit

Donald Trump’s red-carpet welcome in Beijing before Xi summit – as it happened

Trump lands in Beijing on Wednesday night amid intense global interest in the Iran war, energy prices and China-US tech rivalry.

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Donald Trump

Video | Beijing’s Temple of Heaven closed for Trump’s private tour

Beijing urges US president ‘to hold the line on peaceful coexistence’ as it prepares to host him at heritage site.

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