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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.

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Trending in China

Daughter of Hong Kong actress attends 2 kindergartens, eats, naps, uses car toilet

4 hours ago

A Hong Kong actress who puts her four-year-old daughter through a rigorous daily educational regime has been labelled a “monster parent”. Photo: SCMP composite/RedNote

Europe

EU hits back at Trump’s trade war with US$28 billion in tariffs

6 Apr 2025 - 4:46PM

European Commission President Ursula von der Leyen (left) and EU Commissioner for Trade and Economic Security, Interinstitutional Relations and Transparency Maros Sefcovic (right) before a debate at the European Parliament in Strasbourg, France, on March 11. Photo: EPA-EFE

Trending in China

Impressive China son pays off parent’s US$2.8 million debt by teaching calligraphy

5 Apr 2025 - 6:00PM

An artist in China has paid off his parent’s massive debts by teaching calligraphy and writing ornate scrolls. Photo: SCMP composite/Douyin

Politics

Exclusive | CK Hutchison’s control of Panama ports ‘undermines’ sovereignty, lawyers say

5 Apr 2025 - 11:45PMvideocam

Under the concession agreement, CK Hutchison was granted the authority to restrict future port development in designated areas known as Diablo and Isla Telfers. Photo: Sam Tsang

Military

PLA warship may have explored alternative route to Taiwan’s east before drill

21 minutes agovideocam

PLA aircraft carrier the Shandong conducted joint manoeuvres with its naval and aerial units to the southeast of Taiwan on Tuesday and Wednesday. Photo: Handout via Reuters

A combination photo shows Russian President Vladimir Putin and US President Donald Trump. Photo: AFP

Ukraine ceasefire talks trump tariffs on Russia, US official says

Tariffs on Russia would have been inappropriate, a US economic adviser said – despite its exports to the United States dwarfing Ukraine’s.

3 hours agovideocam

Malaysia’s Anwar vows Asean-wide challenge to Trump’s tariff wall

3 hours agovideocam

Hong Kong stock market

Developing | Asia-Pacific stocks plunge as traders rush for exit in global tariff war

26 minutes ago

Market panic mounts as world scrambles to temper Trump tariffs

US oil prices dropped below US$60 a barrel for the first time since April 2021, even with countries seeking compromise on tariffs.

5 hours agovideocam

A trader works on the floor at the New York Stock Exchange. Photo: AFP

US-China trade war

Opinion | Trump’s tariffs offer China an opportunity riding a dangerous wind

The US president’s moves could serve as a catalyst for China to increase domestic stimulus and forge closer ties with its major trading partners.

7 Apr 2025 - 5:30AMvideocam

Indonesia will not retaliate against Trump tariff, minister says

Chief Economic Minister Airlangga Hartarto said that Indonesia would pursue diplomacy and negotiations to find mutually beneficial solutions.

5 hours ago

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EU hits back at Trump’s trade war with US$28 billion in tariffs

The EU’s retaliatory tariffs will hit US products including meat, wine and clothing as well as chewing gum, vacuum cleaners and toilet paper.

6 Apr 2025 - 4:46PM

European Commission President Ursula von der Leyen (left) and EU Commissioner for Trade and Economic Security, Interinstitutional Relations and Transparency Maros Sefcovic (right) before a debate at the European Parliament in Strasbourg, France, on March 11. Photo: EPA-EFE

Farmers backed Trump’s re-election. Now they feel the sting of his tariffs

With all trading partners now targeted, ‘anxious’ growers are likely to have a harder time finding new markets.

6 Apr 2025 - 1:54PMvideocam

UK PM Starmer ready to ‘shelter’ businesses from Trump tariff storm

The prime minister says the priority is to get a deal with the US, but state intervention for the worst-hit industries is also on the table.

6 Apr 2025 - 6:31AMvideocam

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 - 12:16AMvideocam

US President Donald Trump gestures as he disembarks from Air Force One in Miami, Florida, on Thursday. Photo: Reuters

Netanyahu to discuss tariffs with Trump in Washington visit

Unspecified Israeli goods exported to the US will face a 17 per cent tariff, despite Israel’s move to cancel its tariffs on US imports.

5 Apr 2025 - 9:51PM

Israeli Prime Minister Benjamin Netanyahu as he visits Ludovika University of Public Service in Budapest, Hungary, on Friday. Photo: Reuters

Tariffs bring turmoil to US, Canada farm machinery manufacturers

With farm machine purchases negotiated months or up to a year or more in advance, the risk of tariffs makes new equipment too costly.

5 Apr 2025 - 6:34PM

Macroscope | Trump could end up making Asia, not America, great again

The US’ presence in Asia is entrenched but the prospect of a Europe-East Asia economic alliance is one card both regions could play.

5 Apr 2025 - 4:30PMvideocam

Analysis | From Trump to the Great Depression, did tariffs ever truly help the US economy?

Tariffs, like Trump’s, have a chequered past, with experts suggesting access to resources and labour are key to growth, not levies.

5 Apr 2025 - 3:19PMvideocam

US tariff history shows protectionism often fails, as experts warn Trump’s policies echo past mistakes with inconclusive economic benefits. Photo: Reuters

Will the free-falling oil price reorder the world’s energy landscape?

Brent crude, the global benchmark, tumbled 13 per cent through Thursday and Friday to just over US$66 a barrel.

5 Apr 2025 - 11:54AM

A trader on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York City, on April 2, 2025. Photo: AFP

Letters | With his tariffs, Trump may be doing his best to end capitalism

Readers discuss the threat of a devastating trade war and how Trump might gain the third term he wants.

5 Apr 2025 - 11:30AM

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

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US-China trade war

Will Trump tariffs open door for China to improve ties with Vietnam?

The ‘very damaging’ move could take a heavy toll on the country and may prompt Hanoi to move to boost economic ties with its neighbour.

5 Apr 2025 - 6:51AMvideocam

The tariffs could hit US firms with manufacturing operations based in Vietnam. Photo: EPA-EFE

Nintendo delays Switch 2 pre-orders in US over Trump tariffs

The launch of the highly anticipated gaming console is likely to be affected by heavy duties on products made in Vietnam and Cambodia.

5 Apr 2025 - 6:02AM

In rare break with Trump, Ted Cruz warns tariffs risk Republican ‘bloodbath’

The Texas lawmaker fears the economic fallout will help Democrats reclaim the House or even flip the Senate in next year’s midterm elections.

5 Apr 2025 - 6:08AMvideocam

Trump hits golf course as stocks plummet for a second straight day over tariffs

The US president shared a TikTok video that claimed he was crashing the stock market on purpose as part of a ‘secret game’.

5 Apr 2025 - 9:55AMvideocam

Donald Trump plays during the Bedminster Invitational LIV Golf tournament in Bedminster, New Jersey, in July 2022. Photo: AP

Trump and Vietnam’s leader To Lam closer to tariff deal after ‘productive’ call

The US president says he spoke with Vietnamese leader To Lam, who is seeking to avoid punishing 46 per cent duties.

5 Apr 2025 - 1:33PMvideocam

Vietnamese leader To Lam and US President Donald Trump spoke on the phone earlier on Friday. Photos: AFP

US Fed chair warns tariffs likely to push up inflation as Trump urges rate cuts

Powell’s comments suggest the Fed is in no rush to cut its benchmark lending rate from its current elevated level of between 4.25 and 4.5 per cent.

4 Apr 2025 - 11:47PMvideocam

US market extends drop as strong jobs report fails to soothe tariff fears

The S&P 500 Index and Nasdaq 100 Index futures sank as China imposed a 34 per cent tariff on all American imports.

4 Apr 2025 - 9:59PMvideocam

Opinion | 3 ways Asean can survive Trump’s tariff war – and 4 ways China can help

Amid escalating global trade tensions, Southeast Asian nations must stick together and diversify their options to mitigate external shocks.

4 Apr 2025 - 8:30PMvideocam

Illustration: Craig Stephens

Russia, Cuba and North Korea escape worst of Trump’s tariff wrath on world

Russia left off because there was no meaningful trade with it, while Cuba, Belarus and North Korea were already heavily sanctioned.

4 Apr 2025 - 5:21PMvideocam

U.S. President Donald Trump delivers remarks before signing an executive order on tariffs during the “Make America Wealthy Again” event in the Rose Garden at the White House in Washington, D.C., on Wednesday, April 2, 2025. (Yuri Gripas/Abaca Press/TNS)

Outside In | Real threat posed by Trump’s tariffs worse than a global recession

The US president cannot be allowed to replace world’s hard-won multilateral compromise and cooperation with bullying bilateralism.

4 Apr 2025 - 6:44PMvideocam

Tariffs for penguins? Trump targets remote uninhabited Australian islands

Critics are mocking Washington for placing tariffs on Heard Island and McDonald Islands, possibly due to mislabelled shipping data.

4 Apr 2025 - 6:15PMvideocam

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