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

Yuan

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

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Two Sessions 2026

China vows support for tech, trade rebalance, stock reforms - as it happened

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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
US-China relations

Opinion | China waits and watches as the US fights all its tigers at once

Far from freeing up resources to focus on China, Trump’s administration finds itself fighting fires on several fronts, sapping its resources.

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China trade

Despite loss of Panama Canal, China investing US$23.9b in global seaports: study

Beijing funds 363 ports outside the Panama Canal to safeguard against East-West decoupling and US bid to curb China’s supply chain influence.

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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
US-China relations

Iran war leaves China in foreign policy divide

China is leading opposition to US-Israeli strikes on Iran, while also seeking to avoid a breakdown in its relationship with Washington.

US-China relations

China and US to hold high-level talks in Paris before Trump’s Beijing visit

Delegates to discuss trade and investment deals amid rising global tensions in lead-up to President’s first visit since returning to power.

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US-China relations

US and China trade chiefs to meet mid-March before Trump-Xi summit

The planned Paris talks suggest a meeting between the two countries’ leaders will go ahead despite American strikes against Iran.

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US Treasury Secretary Scott Bessent shakes hands with Chinese Vice-Premier He Lifeng in Geneva, Switzerland, in May 2025. Photo: Reuters
Donald Trump’s China policy

Trump’s tariff wars reshaped US-China trade – at what cost to American firms?

US exporters lost tens of billions of US dollars in sales to China in 2025, economist says.

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US goods exports to China fell significantly in 2025, a victim of the trade war launched in April by US President Donald Trump. Photo: Reuters
Mainland China

Trump-Xi trade detente weathers US strikes on Iran

US attacks on Chinese oil supplier Iran have done little damage to relations between the world’s two largest economies ahead of Trump’s planned trip to Beijing.

US-China relations

Exclusive | US, China discuss investment revival ahead of Trump’s trip: sources

Both sides exploring structured joint ventures and licensing deals, with Beijing seeking protection and Washington eyeing better market access amid declining capital flows.

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United States

Trump’s 2026 trade agenda sharpens push for ‘managed’ US-China ties

US Trade Representative report touts deficit drop, pledges tougher Section 301 enforcement ahead of Trump’s Beijing summit with Xi.

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US Trade Representative Jamieson Greer arrives for the State of the Union address last week in Washington. Photo: Reuters
US-China relations

Will Iran attack derail Trump’s high-stakes China visit to meet Xi Jinping?

China has condemned killing of Iranian leader as a grave violation of sovereignty and called US incitement of regime change ‘unacceptable’.

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US President Donald Trump is expected to meet Chinese counterpart Xi Jinping when he travels to Beijing later this month, the first such visit by an American leader since his own trip in 2017. Photo: AP
US-China relations

Editorial | China now holds more cards ahead of Xi-Trump meeting

US Supreme Court reversal of Trump’s tariffs leaves China with lower tariffs and US deals with allies in doubt.

China shipbuilding

Open Questions | Top shipbuilding voice Li Yanqing rebukes Washington’s ‘China threat’ narrative

China’s national shipbuilding association official calls US port fees ‘absurd’ and politically motivated, while asserting China’s market lead is solid despite global fluctuations.

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Taiwan

As I see it | Taipei must break free of its abusive relationship with Washington

US President Donald Trump’s tariff blitz is not Taiwan’s fault, but the self-ruled island must come to see that Washington is unreliable.

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Taiwanese leader Lai Ching-te delivers a New Year’s Day speech on January 1 at the presidential hall in Taipei. Photo: Handout via AFP
US-China relations

Exclusive | China scours for Trump bargaining chips ahead of Beijing summit with Xi: sources

Government departments are tasked with researching and assessing likely demands by the US leader as well as formulating possible concessions.

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China exports

After Trump’s tariff setback, will US firms rush to stockpile Chinese goods?

Front-loading expected but not at levels seen ahead of last year’s sweeping “Liberation Day” duties, analysts say.

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Hong Kong economy

Hong Kong exports surge 33.8% in January thanks to rebound from 2025’s low base

Value of Hong Kong’s exports of goods rose in January to HK$520.6 billion.

Kwai Tsing Container Terminals. “Exports to most markets and of most major commodities increased visibly,” a government spokesman said. Photo: Eugene Lee
China exports

As China’s firms go global, foreign expertise is becoming a hot commodity

Chinese companies are rushing to hire a range of service contractors to help them expand overseas – from compliance experts to TikTok gurus.

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Many content creators are helping Chinese manufacturers expand their reach on overseas social media platforms. Photo: EPA-EFE
US-China relations

China’s rare earth curbs hit US aerospace, chips hard despite trade truce

American firms face deepening yttrium and scandium shortages, threatening jet engine coatings and 5G chip production.

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US-China relations

Xi-Trump talk plans rattled by chaotic US team: ‘the worst I’ve ever seen’

Analysts warn thin US coordination and rushed timelines risk weak deliverables and surprises ahead of high-stakes Beijing meeting.

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China-EU relations

China-EU trade ties are at a crossroads. Could tech bridge the divide?

A hostile Washington is creating openings for a reset – but deep-seated issues remain, analyst says.

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China-EU relations have suffered in recent years, but the Trump administration’s hostility towards the bloc has raised hopes for a reset. Several high-profile European leaders have headed east in recent months, though deep concerns over China’s export machine remain. Photo: Reuters
Canada

Xi Jinping meets foreign leaders: tracker 2026

World leaders are flocking to Beijing this year as Trump’s trade war spurs US allies to look for new ties.

Photo: Reuters
United States

US to keep China tariffs steady ahead of key Trump-Xi meeting: Greer

Trade envoy confirms levies on Chinese goods to remain within range of 35 per cent to 50 per cent depending on the product as tensions ease.

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China trade

Trump’s USMCA exit threat seen pushing Canada into China’s arms

Analysts expect Ottawa to diversify trade as future of North American trade pact remains uncertain, while a US departure would ‘hit Canada like an earthquake’.

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