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News about international trade flows, statistics and policy decisions from the world’s most important trading economies and trade-related bodies, including the World Trade Organisation.
Critical minerals have become a point of contention in the US-China relationship, with Beijing dominating the sector. Photo: Reuters
US-China trade war

US to counter China’s critical minerals dominance with innovative upgrades

New improvements in recycling electronic waste, refining and processing can close the gap on China, says Department of Energy official.

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US-China relations

China-US trade relations may reach a ‘tactical truce’, as 2 superpowers talk

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US-China relations

US and China clash over fentanyl and tariffs at global drugs meeting

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China energy security

China vows to stabilise oil and gas output in new 5-year plan amid global risks

Amid Mideast instability and US$100 oil, China is mapping out strategic production bases, underpinning long-term energy security.

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A truck is loaded with coal in China’s Jiangsu province. Photo: AFP
War and conflict

Opinion | Superpower contest puts Iran, Panama, Venezuela and Greenland on one map

When one crisis touches canal access, another hits crude and a third touches the Strait of Hormuz, it is hard to call these a coincidence.

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2026 Trump-Xi summit

Exclusive | Trump’s China visit confined to Beijing due to schedule, security needs: sources

‘Given the situation [in the Middle East], the visit’s security arrangements must be extremely careful’.

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India

India’s 30-day Russian oil waiver comes with a steep US price tag

Washington has granted New Delhi a brief waiver for stranded Russian crude – but expects it to ramp up American oil purchases in return.

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India’s Prime Minister Narendra Modi (right) meets Russia’s President Vladimir Putin in New Delhi, India, on December 5, 2025. Photo: Sputnik/Reuters
China-EU relations

Get realpolitik? Von der Leyen questions Europe’s faith in rules-based order

The EU must become more realistic and interest-driven to keep up with the new world order, bloc chief says.

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Hong Kong stock market

Hong Kong stocks slump alongside Asian markets after oil crosses US$100

Brent crude jumps over 20 per cent to trade at around US$110 a barrel, prompting investors to further reduce risk exposure.

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Two Sessions 2026

Is Trump’s China trip still on? Despite Iran, Wang Yi sees potential

Chinese foreign minister suggests the summit with Xi is still on track and high-level engagement remains key.

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A Xi-Trump summit could still be on, despite the turmoil in the Middle East. Photo: Reuters
Two Sessions 2026

Abandon the lonely attic, join the China gym: Wang Yi to Europe

Foreign minister’s comments come at closely watched press conference on ‘two sessions’ sidelines.

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Some analysts see China’s approach in Europe as increasingly focused on engaging national governments and broader public audiences rather than Brussels. Photo: AP
China trade

Iran war fallout grows as China struggles to import vital fertiliser chemical

Supplies of sulphur – a key fertiliser ingredient – are tightening in China just as the spring planting season begins.

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China-EU relations

Opinion | How Europe and China can rise above paralysis and mistrust

Together, Brussels and Beijing can reshape global power into a balance where Europe matters and China gains legitimacy as a responsible power.

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Indonesia

Indonesia’s US trade deal faces a sovereignty reckoning at home

Nearly 80 civil groups and 65 academics have signed a petition urging parliament to block ratification of the ‘shameful’ deal.

Indonesia’s President Prabowo Subianto (left) and US President Donald Trump at a summit in Egypt last year. Photo: AFP
United States

US tariff refund system to be ready in 45 days, after Trump duties struck down

The US customs agency is trying to hammer out a process for returning US$166 billion in tariff ‌payments to around 330,000 importers.

A US flies in front of shipping containers at the Port o Los Angeles in June 2025. Photo: TNS
Yuan

Beijing vows yuan stability, fires back at currency-depreciation claims

PBOC governor reaffirms yuan stability, refuting trade partners’ accusations ahead of critical US talks in Paris.

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Qatar

Qatar’s LNG halt exposes Asia’s energy vulnerability

Analysts say the turmoil underscores Asia’s need to shift to renewable energy, as nations scramble for alternatives amid the disruption.

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Indonesia

Is Indonesia’s fuel subsidy sustainable as Iran war continues?

Higher oil prices would mean bigger fuel subsidies, piling on the pressure on a budget that is already under investor scrutiny.

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A motorist rides past a Pertamina petrol station displaying prices of fuel in Jakarta on Tuesday. Photo: AP
United States

24 US states sue to stop Trump’s latest global tariffs

The lawsuit argues that the president cannot sidestep the Supreme Court ruling that invalidated his previous sweeping import duties.

United States

US won’t let India become rival like China, Trump official says

Washington will not ‘make the same mistakes’ as it did with Beijing 20 years ago, the State Department’s Christopher Landau says.

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Two Sessions 2026

China targets lowest growth range in 35 years as pressures rise

Beijing to prioritise hi-tech over stimulus-driven growth with focus on the people in notable shift, premier’s work report to NPC reveals.

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Chinese Premier Li Qiang’s speech at the National People’s Congress opening session is broadcast on a giant TV screen, in Beijing on Thursday. Photo: Robert Ng
Donald Trump

Trump’s 15% global tariffs likely to start this week, US Treasury chief says

US president imposed a 10 per cent levy after the Supreme Court invalidated his previous measures, then threatened to raise it further.

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US Treasury Secretary Scott Bessent speaks at the Economic Club Of Dallas in Texas in February. Photo: AFP
Science

‘Two sessions’, two paths: China prioritises AI integration amid US tech rivalry

Beijing’s open-source push in focus ahead of annual legislative meeting and coming five-year plan, as Washington chooses different approach.

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Middle East

Air freight costs for China shippers may jump 30% as Middle East airspace closes

China-Europe cargo flights face longer routes and higher fuel costs after Middle East airspace closures, the Hong Kong Association of Freight Forwarding & Logistics says.

Spain

Germany’s Merz lacked ‘solidarity’ amid silence during Trump attacks: Spain

The comments came after the US president said the Spanish government has been ‘terrible’ during the escalating conflict in the Middle East.

Spanish Foreign Minister Jose Manuel Albares Bueno arrives for the Nato Ministers of Foreign Affairs meeting at Nato headquarters in Brussels. Photo: Nato/dpa
China's economic recovery

Stagflation risk emerges amid Mideast oil crisis, clouds China’s economic battle

While rising energy costs from war in Iran may briefly aid China’s deflation battle, analysts warn how oil price spike could threaten nation’s fragile economic rebound.

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A worker fills up a car at a petrol station in China’s Shandong province. A prominent economist said rising oil prices amid Middle East tensions could lead to stagflation in China. Photo: Getty Images
Technology

Asian tech stocks reel as US-Iran war threatens infrastructure and supply chains

South Korea’s Kospi is the worst-hit in Asia, with Samsung Electronics and SK Hynix falling 11.7 per cent and 9.6 per cent, respectively.

China-Asean relations

Singapore and China have ‘common interests’ in safeguarding global order: envoy

In Beijing, Peter Tan Hai Chuan says two countries built ties based on sovereign equality and respect, not just cultural or ethnic links.

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