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US-China trade war

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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 Cosco Shipping container ship, China’s largest shipping line, is loaded with shipping containers in the Port of Long Beach. Photo: Getty
United States

Trump’s tariffs caused a record US trade deficit

The US trade deficit reached a record in March, as imports surged ahead of President Donald Trump’s “Liberation Day” tariff roll-out.

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China food security

China cuts need for feed seed as food security campaign ramps up

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Hong Kong property

Hong Kong’s property deals surged in April as buyers dived back in

China-Africa relations

China on African charm offensive to rally opposition to ‘bullying’ US

While Trump targets critical minerals and specific nations, China expands influence through bilateral and multilateral engagement: analyst.

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Chinese Foreign Minister Wang Yi meets South African Minister of International Relations and Cooperation Ronald Lamola in Rio de Janeiro, Brazil, on April 29, 2025. Photo: Xinhua
Foreign exchange market

China avoiding ‘disruptive’ de-dollarisation despite US trade war, report says

Findings come as some analysts have raised the spectre of China selling off its US Treasury-issued assets amid worsening bilateral ties.

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India

Can India navigate US-China trade tensions to boost green economy growth?

Reliance on Chinese inputs and shifting global trade rules could complicate India’s efforts to reach its climate targets, analysts warn.

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China economy

Opinion | China knows how to produce. The next test is whether it can consume

After a decade of boosting productivity, China’s Politburo has sent its clearest signal yet that it is focusing on consumption.

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People shop at the Miniso flagship store in Shanghai, China, on February 28. Photo: Reuters
Taiwan

Inventec joins wave of Taiwan electronics firms expanding in US

Firm’s plan for US$85 million Texas server plant follows similar commitments by fellow Taiwanese ODMs Foxconn, Wistron and Wiwynn.

China trade

China’s biggest trade fair breaks records despite US tariffs

Canton Fair’s strong overseas attendance figures surprised exhibitors and analysts, but transaction volume failed to beat pre-pandemic heights.

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Hong Kong economy

Hong Kong’s freight forwarding industry takes hit from trade war

In week starting Monday, 41 per cent of container capacity scheduled from Hong Kong to North America’s west coast cancelled.

Many manufacturers with more than 15 per cent of business exposure to China-US trade have been forced to slash jobs to save costs amid the US-China trade war. Photo: Jelly Tse
Vietnam

Vietnam is like China 20 years ago – and it’s bringing the two closer together

Vietnam hosts many of the advantages of the mainland’s industrial boom, and Chinese investors have taken note.

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People walk past a Nike shop at a street in Hanoi, Vietnam on April 3. Photo: EPA-EFE
US-China relations

Opinion | Trump’s executive order to boost US deep-sea mining will force China to act

Beijing will continue to sharpen its technological edge, support multilateral governance and may set up maritime joint patrols to monitor the US.

Hong Kong economy

Trump’s 100% film tariff will have little impact on Hong Kong industry: experts

Instead, it is Hollywood and the US movie industry that will suffer, as they depend on other countries to keep their production costs down, expert says.

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US-China relations

China urges Japan, South Korea and Asean to unite amid trade war turbulence

Beijing’s top financial and economic officials want to strengthen regional ties amid US trade war uncertainties.

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Pan Gongsheng (right), governor of the People’s Bank of China, speaks as Lan Foan, China’s finance minister, looks on during a presser on the sidelines of the National People’s Congress in Beijing on March 6. Photo: AP
Malaysia

Malaysia unveils US$356 million SME relief measures over ‘harmful’ US tariffs

The US tariffs will ‘certainly have a significant impact’ on Malaysia’s exports and economy, Prime Minister Anwar Ibrahim says.

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Shipping containers at Westport in Klang. The US tariffs will “certainly have a significant impact” on Malaysia’s exports, PM Anwar Ibrahim has said. Photo: AP
Yuan

China’s offshore yuan jumps to 6-month high as tariff rollback likely: analysts

Washington’s weaponisation of tariffs casts doubt on US asset safety, and some say this makes yuan assets more attractive.

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US-China relations

Opinion | US-China trade war: who will blink first?

While neither side wants to yield before the other, the mounting costs of the conflict mean Xi and Trump are likely to talk soon.

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US-China relations

Trump signals willingness to lower China tariffs ‘at some point’

‘I’m going to lower them, because otherwise, you could never do business with them, and they want to do business very much,’ Trump said.

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US President Donald Trump at the White House in Washington. Photo: Reuters
China trade

How are Trump’s tariffs affecting toy exporters at China's largest trade fair?

Many exhibitors avoid showcasing latest products developed in collaboration with US clients.

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US-China relations

Opinion | Thanks to Trump, China has the cards it needs to win the trade war

Trump’s actions have left nations feeling betrayed while accelerating China’s self-sufficiency. These, plus Beijing’s rare earth dominance, could spell victory.

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China-Russia relations

China’s Xi Jinping readies for ‘mutual trust’ mission with Putin in Russia

The Chinese president will be in Moscow this week for the anniversary of the Soviet victory over Nazi Germany.

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Russian President Vladimir Putin (right) and Chinese President Xi Jinping will meet again in Moscow this week. Photo: AP
China-Australia relations

China congratulates Australia’s Labor Party on federal election win

Beijing and Canberra are still apart on major strategic issues and no big changes expected, analyst says.

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Relations between China and Australia improved during Prime Minister Anthony Albanese’s (right) first term. Photo: Reuters
China exports

At boisterous Canton Fair, China’s exporters get taste of life after US

Tariffs and tensions have made US buyers a rare sight at China’s premier trade fair – are exporters ready for a sea change?

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International Property

Wealthy Chinese turn away from US real estate amid Trump’s trade war

A growing number of Chinese homebuyers are shifting their attention to markets like Thailand, Australia, Singapore and the UK.

Australia

‘Dark shadow’: Australia’s new government to shield it from US-China trade war

Treasurer Jim Chalmers says the re-elected Labor government’s first priority will be to address the global economic uncertainty.

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Australian Treasurer Jim Chalmers. Photo: Reuters
Thailand

Asian Angle | Trump’s tariffs: can Thailand escape the US trade trap after 90 days?

Thailand is seeking to boost imports from the US to address the challenges of Trump’s tariffs, but this is unlikely to improve its economic position.

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Cargo ships are loaded with containers at a port in Thailand last month. Photo: Reuters
Asean

Asian Angle | The end of ‘Chimerica’ and what that means for Southeast Asia

The breakdown of US-China economic symbiosis leaves Southeast Asian nations bracing for unpredictable shocks.

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China economy

‘I’m anxious’: US trade war fuels job uncertainty in China’s cross-border firms

Employees at companies reliant on the American market could face diminishing prospects, as firms restructure and threaten lay-offs.

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