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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.
last updated:
9 September, 2024
Canada’s Prime Minister Justin Trudeau (centre) addresses the media in Ottawa on Saturday following the imposition of a raft of tariffs by US President Donald Trump against Canada, Mexico and China. Photo: The Canadian Press via AP
Canada

Canada slaps 25% tariffs on US goods in response to Trump’s trade war salvo

Warning that tariffs would hurt the US, Canadian PM Justin Trudeau encouraged Canadians to buy Canadian products and holiday at home.

Americas and the Caribbean

Mexico hits back at Trump’s tariffs with tariffs of its own

Trade

Macroscope | Tariff wars show just how badly we need global trade reform

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United States

Outside In | Trump’s plans have to contend with the law of unintended consequences

From trade to immigration, Trump’s agenda risks a backlash. The question is whether he sees the problem and will change tack.

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US President Donald Trump signs executive orders on January 6. Photo: AFP
Donald Trump

Trump to hit Canada, Mexico with 25% tariffs on Saturday, says rate could rise

The US president also indicated he would proceed with duties on China, though he did not specify how high they would be.

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European Union

EU keen to work with Trump on China’s ‘non-market policies’: trade chief

In rare admission, senior official says bloc should be ‘ready to explore deeper EU-US cooperation on economic security’ vis-a-vis Beijing.

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China trade

Global trade has transformed since US President Trump’s first term: McKinsey

International trade has become significantly more politically-driven since the US president’s first term, according to McKinsey.

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Donald Trump has driven a deep shift in global trade networks since 2017, according to McKinsey. Photo: EPA-EFE
Canada

Trudeau’s cabinet lines up behind Carney, as Canada seeks to counter Trump

The former central banker has already secured the backing of the country’s foreign, energy, environment, transport and labour ministers.

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India

India set to take back 18,000 citizens from US to placate Trump

In return, New Delhi hopes student and H-1B visas – a large proportion of which go to Indian citizens – will be protected.

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Donald Trump

Taiwan’s Compal, Inventec mull US expansion to counter Trump tariffs

Texas is seen as a top choice for the Taiwanese laptop because of the state’s power infrastructure and proximity to Mexico.

A demonstrator holds flags of Taiwan and the US in Burlingame, California, on January 14, 2017. Photo: Reuters
Malaysia

Trump’s tariffs threaten Malaysia’s chip sector, may stoke inflation: minister

Trade Minister Zafrul Aziz fears Trump’s policies could particularly hit Malaysia’s growing electronic chips market.

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An electronics manufacturing hub in Kuching, Malaysia’s Sarawak state. Photo: Shutterstock
Donald Trump

Canada vows ‘Trump tax’ on US in hard-hitting response to tariffs

Foreign Minister Joly says the country is ready to apply ‘maximum pressure’ in what would be the biggest trade war with the US in decades.

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United States

Macroscope | Trump’s tariffs look set to backfire but that won’t stop him

While it’s hard to predict the outcome of US president-elect’s nationalist economic strategy, all signs point to self-inflicted damage.

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US-China relations

Nominee to lead US treasury suggests possible restart of trade talks with China

Scott Bessent tells Senate Finance Committee confirmation hearing Donald Trump’s tariff policy is useful tool for leverage in negotiations.

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Scott Bessent, US president-elect Donald Trump’s choice to be treasury secretary, appearing before the Senate Finance Committee for his confirmation hearing at the Capitol in Washington on Thursday. Photo: AP
United States

Opinion | Trump’s plans could trigger liquidity crises across Europe and Asia

Inflationary pressure and a growing deficit would turn the US into a liquidity-sucking force.

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US president-elect Donald Trump at a news conference at Mar-a-Lago, Palm Beach, Florida, on January 7. Photo: AP
Canada

Carney, Freeland to duel for Trudeau’s job as ministers opt out

Both contenders are expected to declare their candidacy to lead the Liberal Party in the coming days.

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Donald Trump

Mexico is not subordinate, Sheinbaum says as Trump prepares to take office

Sheinbaum said Mexico will keep US ties strong, respectful as Trump threatens action over illegal migration and drug trafficking.

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US-China relations

US national security adviser fears Trump might push some nations toward China

Jake Sullivan is concerned that future questions about US reliability will lead countries to say, ‘maybe we need to hedge with China’.

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Jake Sullivan has been the national security adviser for US President Joe Biden. Photo: Reuters
Donald Trump

Canada’s leaders say Trump’s 51st state ‘joke’ isn’t funny any more

Finance Minister Dominic LeBlanc says the US president-elect’s comments are meant to undermine his country’s closest ally.

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Donald Trump

Mexico’s president trolls Trump, suggests US be renamed ‘Mexican America’

Claudia Sheinbaum was responding to the US president-elect’s proposal to call the Gulf of Mexico the Gulf of America instead.

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US-China relations

Trump may declare national emergency so he can impose tariff plan: US report

Such a move would allow the incoming US president to take control of imports and place new duties on countries like China, Canada and Mexico.

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Donald Trump is considering declaring an economic emergency to impose universal tariffs on imports, using powers under the International Economic Emergency Act. Photo: Reuters
US-China relations

Citing China, Trump won’t rule out military action over Panama Canal, Greenland

In extraordinary remarks, US president-elect also threatens Canada again with high tariffs as he proposes annexing it as 51st American state.

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US president-elect Donald Trump speaks during a press conference at his private residence Mar-a-Lago in Florida on Tuesday. Photo: AP
Canada

Trudeau’s star power dimmed after weathering Covid pandemic and Trump

Justin Trudeau led for Canada nine years, but scandals and overexposure eroded his popularity.

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Canada

Trudeau to step down as PM; Trump repeats call for Canada-US merger

Justin Trudeau will resign as Liberal Party head but remain prime minister until new leader is chosen, months before legislative elections.

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Asean

Opinion | How Global South can resist US hegemony and its isolationism

Open engagement is key to countering both Donald Trump’s transactional nationalism and the US establishment’s drive for global hegemony.

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Illustration: Craig Stephens
United States

Opinion | Trump’s threats won’t hold back Brics push to de-dollarise

US dominance is pervasive but not infallible, and a divided Brics can still find common ground in the pursuit of a multipolar global order.

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Illustration: Craig Stephens
Canada

With Trudeau busy, Canada’s regional leaders court Trump to avert trade war

Yukon Premier Ranj Pillai met the US president-elect’s eldest son in North Carolina to share data on bilateral trade deficit.

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Canada

Canada’s Trudeau drops one-third of cabinet as his political future looks shaky

Meanwhile, the NDP’s Jagmeet Singh, whose party has been keeping the PM in power, says he will vote to bring down the Trudeau government.

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