US /
Economy, Trade & Business
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China trade
US Federal Reserve
Donald Trump
Trump doubles down on tariffs, says China ‘hit much harder’ than US
The US president told Americans to ‘hang tough’, warning them of pain ahead but promising that the United States would ‘win’.
6 Apr 2025 - 12:16AM
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Stocks
US Treasury chief Bessent: stock market drop a ‘Mag 7’ problem, not a Maga one
5 Apr 2025 - 7:05PM
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Artificial intelligence
Elon Musk-Sam Altman fight over OpenAI overhaul set for March trial
5 Apr 2025 - 11:52AM
Donald Trump
Why Trump tariffs could make sports gear made in Asia pricier – for Americans
Hong Kong economists expect pain for US consumers, with likes of Nike, Adidas, Under Armour and Hoka making goods in China or Southeast Asia.
5 Apr 2025 - 6:39AM
Nike shoes are seen in the King of Prussia Mall in Pennsylvania this week, as global markets braced for the impact of US import tariffs. Photo: Reuters
US-China relations
US pressures Argentina’s Milei to scrap currency swap accord with China
Trump adviser says Washington would withhold support for Buenos Aires loan request to IMF if it reinforces China’s ‘position’ in Argentina.
5 Apr 2025 - 5:18AM
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US-China trade war
Economists reveal the simple secret to Trump’s ‘crazy’ tariff plan
‘This is to economics what creationism is to biology,’ says Lawrence Summers, ex-treasury secretary and National Economic Council director.
4 Apr 2025 - 7:58PM
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US-China trade war
Vietnam helped China’s firms avoid US tariffs. Trump just put an end to that
The US president’s reciprocal tariffs not only impose steep tariffs on China, but also popular transshipping destinations used by Chinese exporters.
3 Apr 2025 - 7:00PM
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Vietnamese workers fold garments inside a factory in Ho Chi Minh City. US tariffs on Vietnam also pose a major threat to Chinese exporters that have shifted production to the country. Photo: AFP
US-China trade war
Trump’s ‘Liberation Day’ tariffs: everything you need to know
From China’s reaction to how markets are responding, here is everything you need to know about the US’ reciprocal tariffs.
3 Apr 2025 - 6:30PM
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US-China trade war
With Trump’s trade war going global, how will China respond?
After a ‘Liberation Day’ ceremony that saw the US’ trade war expand worldwide overnight, analysts ask how China will defend itself.
3 Apr 2025 - 6:00PM
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Cryptocurrency
Bitcoin, other cryptocurrencies succumb to risk-asset slump amid Trump tariffs
For bitcoin, which fell as much as 4 per cent to about US$82,000 on Thursday, US$80,000 is a ‘must-hold’ level, cryptocurrency analysts say.
3 Apr 2025 - 4:16PM
US-China trade war
Explainer
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After Trump’s ‘Liberation Day’, what’s China’s effective tariff rate?
With US ‘reciprocal tariffs’, taxes on Chinese goods have climbed even further – with some analysts predicting an effective rate of ‘almost 70 per cent’.
3 Apr 2025 - 1:15PM
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US President Donald Trump has rolled out a slew of “reciprocal tariffs” that will have a profound effect on global trade. Photo: EPA-EFE
Apple
Apple shares tumble as Trump imposes tariffs on production hubs
The new levies are likely to squeeze Apple’s margins, given that it is unlikely to hike prices to offset the effects, analysts say.
3 Apr 2025 - 10:00AM
US-China trade war
China vows to retaliate after ‘bullying’ US imposes 34% reciprocal tariffs
The ‘Liberation Day’ package will correct years of ‘unfair’ trade and other countries ‘ripping off’ the US, said Donald Trump.
3 Apr 2025 - 10:25PM
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US-China trade war
Trump announces new US tariffs of at least 10% on all imports
US president’s repeated threat of tariffs has spurred waves of counter threats and fears of a global trade war.
3 Apr 2025 - 9:56AM
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US-China trade war
US trade office lays out Trump’s case against China as ‘Liberation Day’ nears
US’ annual report on global trade barriers, with a lengthy China section, presages reciprocal tariffs – and suggests stronger action down the line.
2 Apr 2025 - 11:08PM
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US President Donald Trump is expected to reveal details of his promised “reciprocal tariffs” on Wednesday. Photo: EPA-EFE
US-China trade war
Explainer
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What is the ‘Mar-a-Lago Accord’, and will it really crash China’s economy?
The US’ mooted idea to devalue the dollar has been compared to the Plaza Accord of the 1980s, which some believe caused Japan’s ‘lost decades’.
3 Apr 2025 - 9:51AM
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China shipbuilding
Explainer
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Why Trump is going full steam ahead to keep China’s shipbuilding in dry dock
US policies to curb China’s perceived influence on global shipping and shipbuilding are facing pushback – but Trump seems unlikely to let up.
2 Apr 2025 - 12:30PM
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US-China relations
Trump sorts out tariff details hours before ‘Liberation Day’ reveal
White House confirms that the tariffs will be implemented ‘immediately’ to end ‘decades of unfair trade practices’.
2 Apr 2025 - 5:27AM
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Vehicles cross the Ambassador Bridge, which carries about 25% of all trade between the US and Canada, in Windsor, Ontario, to go to Detroit, Michigan, on Tuesday. US President Donald Trump kept the world’s leading economies on edge as he made final preparations for a “Liberation Day” announcement of sweeping new tariffs that could trigger a global trade war. Photo: AFP
US-China relations
US YouTube star in China, Beijing ‘hackers for hire’: 7 US-China relations reads
From IShowSpeed’s Great Wall adventures to espionage fears, here are highlights from the SCMP’s overseas correspondents in March 2024.
2 Apr 2025 - 3:00AM
United States
Trump health cuts to axe 10,000 jobs, strip union rights, amid measles outbreak
The US Department of Health and Human Services aims to lay off up to 10,000 employees through agency consolidation, raising public health concerns.
1 Apr 2025 - 9:56PM
Cryptocurrency
US cryptocurrency exchange Coinbase sees worst quarter since FTX collapse
Nearly every major firm linked to cryptocurrencies were hammered this quarter, as concerns about the US economy weighed on digital assets.
1 Apr 2025 - 6:17PM
US-China trade war
US agency reports to lay out justification for Trump’s reciprocal tariffs
On Tuesday, ahead of ‘Liberation Day’ tariff announcement, numerous departments are to release reviews supporting US president’s strategy.
1 Apr 2025 - 3:36AM
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Shipping containers at the Port of Baltimore in Maryland, on Monday. World markets are jittery of US President Donald Trump’s “Liberation Day” on Wednesday, when he is set to unleash tariffs potentially against all US trading partners. Photo: AFP
US-China relations
As extension winds down for TikTok sale, analysts say deadline may not matter
US President Donald Trump might ignore the law Congress passed and use the app as a bargaining chip in trade talks with Beijing.
1 Apr 2025 - 11:38AM
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China-Russia relations
Car trouble: is a drop in China-Russia auto shipments a bad omen for trade?
As the US attempts to peel Russia away from China, Moscow and Beijing’s auto trade has slowed. Is Donald Trump’s plan working?
30 Mar 2025 - 6:14PM
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Taiwan
Bill to increase travel and trade with Taiwan introduced in US House
‘Strengthening economic engagement is a win-win for our Taiwanese friends and for American jobs and national security,’ a sponsor says.
29 Mar 2025 - 5:12AM
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