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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.
Smoke rises in the Fujairah oil industry zone, UAE, on March 14, following an interception of a drone amid the ongoing Middle East conflict. Photo: Reuters
Saudi Arabia

UAE’s Opec exit signals aim to accelerate foreign policy diversification

Iran’s attacks on Gulf states have forced Abu Dhabi to rethink its place within the Saudi Arabia-led diplomatic architecture, analysts say.

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Banking & finance

Macroscope | Mini-crises sparked by the Iran war may add up to a big collapse

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China trade

Durian Express? China brings in cheaper fruit with new Southeast Asia train

Malaysia

From Malaysia’s book bans to Iran war, Anwar’s reform agenda faces sternest test

Anwar’s government has tilted to the right in recent years in a move to win the support of Malay voters, analysts say.

Malaysian Prime Minister Anwar Ibrahim attends a bilateral meeting with Australian Prime Minister Anthony Albanese in Putrajaya earlier in April. Photo: Bianca De Marchi/AAP/dpa
United States

Trump expands Cuba sanctions with global reach, targeting foreign banks and firms

New executive order allows US to penalise third-country actors, raising risks for international companies.

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US-China trade war

US sanctions China-based operator, others over alleged Iran oil trade links

State Department targets Qingdao Haiye Oil Terminal for allegedly importing ‘tens of millions of barrels of sanctioned Iranian crude oil’.

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Donald Trump

Trump to put 25% tariffs on EU cars, says bloc not complying with trade deal

The status of the pact was first put in doubt after the Supreme Court ruled the president lacked legal authority for his duties on EU goods.

A car passes through the European district in Brussels, Belgium, in April. Photo: EPA
United States

Wall Street rises towards more records as oil prices slip

The main uncertainty for the global economy is where oil prices will go because of the Iran war.

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China-Latin America relations

Beijing backs Cuba, Chile reveals smuggling ring: Latin America relations reads

From a smuggling ring in Chile to rare earth wrangling in Brazil, here are highlights from the SCMP’s foreign correspondents in March 2026.

Ukraine war

Ukraine sees path to Japanese arms after Tokyo eases export rules

Japan has linked Ukraine’s fate to its own security as it faces China’s growing military power.

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Ukraine’s Ambassador to Japan Yurii Lutovinov poses next to a mockup of a Ukrainian-made Vampire drone during an interview at the Ukraine Embassy in Tokyo, Japan on Tuesday. Photo: Reuters
China economy

Outside In | China’s manufacturing rise is here to stay. The West must recalibrate

The changes are structural and protectionism will only weaken long-term growth.

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Robots work on production lines at a mould and stamping company in Fuzhou, in China’s eastern Fujian province, on April 16. Photo: AFP
US-China trade war

From apps to autos: China’s data reach sparks US espionage and sabotage concerns

Washington accused of not doing enough to counter Beijing’s harvesting of key American data and weaponising it as a strategic asset.

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Donald Trump

Trump says he’s lifting some tariffs on Scotch whisky after King Charles visit

It was not clear if the US president meant duties on bottles of Scotch or on the materials used to produce the alcohol were being lifted.

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United States

US economy grows 2% in January–March; Iran war clouds outlook

The economy also recovered from last autumn’s 43-day federal shutdown.

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A shopper with a shopping trolley in Centennial, Colorado in the US. Photo: AP
Hong Kong economy

Opinion | How Hong Kong’s institutional strengths can power its 5-year plan

The ‘small government’ era is over. Hong Kong must proactively serve as a super value-adder connecting China and the world.

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The Victoria Harbour waterfront in Hong Kong. The city must make full use of its institutional strengths in this increasingly fragmented environment. Photo: Reuters
Brics

Brics to push for intra-currency payments as ‘immunity’ against Western clout

New Delhi has to be wary of any move to challenge the US dollar as it seeks to sign an interim trade deal with Washington, analysts say.

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US-China relations

Are US agents around Trump armed with Chinese red dot sights?

Apparent Holosun optic on security agent’s pistol in photo from correspondents’ dinner prompts US commenters to question Chinese link.

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Thailand

‘Destroying the world’s kitchen’: the poisoning of the Mekong River

Many millions depend on the river but toxic run-off from mining for modern technology - including for war - could be an existential threat.

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A man sits in a fishing boat on the Mekong River in northeastern Thailand, with Laos seen on the left, in 2019. Photo: AFP
China trade

Beijing touts mineral dominance, boosts autonomy drive, ahead of Trump’s visit

Ministry of Natural Resources boasts world-leading reserves of 14 minerals and vows to keep boosting output and exploration as geopolitical risks weigh on resources.

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China-EU relations

Opinion | A new framework may be the only way to save China-EU trade

Both sides have every incentive to explore a deal that does what blunt protectionism cannot: manage the complexities of their interdependence.

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Banking & finance

China targets ‘zombies’ with regulatory headshots to kill off indebted laggards

Six provinces and the capital city test a forced-insolvency pilot to purge overcapacity and dismantle local protectionism, prioritising market efficiency.

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A worker produces photovoltaic modules for export at the workshop of a new-energy company in China’s Jiangsu province. Findings indicate a disproportionately high number of “zombie companies” in the nation’s renewables sector. Photo: Getty Images
US, Israel war on Iran

Why UAE’s exit from Opec is good news for oil-thirsty Asia

Once free of Opec’s production caps, the world’s sixth-largest oil producer plans to flood the market with 5 million barrels a day.

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An oil technician climbs down a tower at a refinery in Jebel Ali, UAE. Photo: AP
US-China trade war

Trump urged by Democrats to keep US ban on Chinese cars as Xi meeting looms

US lawmakers warn of ‘irreversible’ consequences for industry ahead of Trump’s planned summit with Chinese President ⁠Xi Jinping next month.

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China exports

How China’s reported sulphuric acid export ban could have global buyers reeling

Foreign firms fear more halts following reports of a ban on the export of the chemical, crucial for fertiliser and battery production.

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China travel

Canada’s push to rebuild ties with China hits a snag: a lack of direct flights

Canada has permitted an ‘incremental increase’ in flights to China, but airlines may be reluctant to add services amid the wars in Ukraine and Iran.

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An Air Canada Boeing 787 aircraft passes by rows of cherry trees as it approaches Vancouver International Airport. Photo: AP
China-EU relations

Opinion | Facing US and Chinese pressure, the EU must forge its own strategy

To remain competitive, Brussels must leverage its market power to engage Beijing – while aligning with Washington on its own terms.

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Illustration: Craig Stephens
India

India, New Zealand boost trade diversification with ‘forward-looking’ pact

The deal, part of a move to reduce reliance on major powers, will also strengthen India’s hand in trade negotiations with the US, analysts say.

SCMP Exclusives

Exclusive | Un-sanctioned: China to welcome Dutch trade minister amid Nexperia, ASML discord

Source says Beijing has quietly dropped an old sanctioning of Sjoerd Sjoerdsma, who recently spoke of wanting to lead a Dutch trade mission to China.

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