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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
Canadian Prime Minister Justin Trudeau departs after a cabinet swearing-in ceremony at Rideau Hall in Ottawa on Friday. Photo: Canadian Press via AP
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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Donald Trump

Canada weighs export taxes on uranium and oil If Trump starts trade war

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China's economic recovery

How is China seeking to counterbalance trade tensions with US, EU?

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Banking & finance

HSBC, IFC sign US$1 billion facility to support trade financing

Partnership will help trade finance get to where it is needed, fuelling a segment that is crucial to job creation and economic growth, lender says.

An aerial photo taken on December 10, 2024, shows a cargo ship loaded with containers leaving Lianyungang Port in east China’s Jiangsu Province. Photo: Xinhua
US-China relations

Biden, touting his economic legacy, calls Trump’s tariff plans a ‘major mistake’

Defending his economic record, the departing US president warns that his successor will ‘return the country to trickle-down economics’.

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Trade

The View | East Asia’s success shows regional integration key to global competitiveness

The experience of today’s successful economies underscores that competitive advantage emerges not from isolation but from strategic collaboration.

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US-China trade war

Outside In | Trump’s destructive impact on world trade could take decades to unravel

The president-elect is doubling down on policies that did not serve the US well during his first term in the White House.

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US president-elect Donald Trump gestures while speaking during a meeting with House Republicans at the Hyatt Regency hotel in Washington on November 13. Photo: AFP
US-China relations

Trump’s export controls hurting China could rankle US allies: analysts

Sanctions targeting Beijing’s hi-tech progress anticipated as report finds Washington has increasingly used such mechanisms in recent years.

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Diplomacy

Opinion | Trump’s victory a reminder the ‘end of history’ remains far away

As countries respond to global crises and challenges to multilateralism, a new era has dawned that cannot be understood using old precepts.

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Donald Trump

Trump says Canada could be 51st US state. A Canadian minister says he was joking

The US president-elect made the remarks in jest during a dinner with PM Justin Trudeau, says Dominic LeBlanc, who was at the event.

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US president-elect Donald Trump posted an AI-generated image of himself standing on mountain with a Canadian flag next to him on Tuesday. Image: Truth Social/realDonaldTrump
US-China relations

Opinion | Why no country is safe from Trump’s pro-tariff agenda

Trump’s challenge to global trading norms fits with his agenda of undermining consensus and punishing US trading partners individually.

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Illustration: Craig Stephens
Donald Trump

Trump says Canada PM Trudeau pledged action on border after tariff threat

The two leaders spoke during a ‘productive’ three-hour dinner that also covered topics like China, Ukraine, fentanyl and the Middle East.

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Americas and the Caribbean

Mexico raids stores selling counterfeit Chinese goods, vows national crackdown

The operation comes soon after Trump’s tariff threat, and amid concerns that Chinese goods are flowing through Mexico to flood the US market.

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US-China relations

Opinion | Trump’s tariff obsession is no match for China’s growth model

While tariffs raise costs and disrupt trade, China’s approach fosters internal economic resilience and positions it as a leader in sustainable growth.

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Illustration: Craig Stephens
Banking & finance

‘Markets will equilibrate’ despite US tariffs, Standard Chartered CEO says

‘Globalisation is going forward. Trade remains enormously beneficial to the world, and everybody understands that,’ Winters says.

Standard Chartered CEO Bill Winters in Hong Kong. Photo: Edmond So
European Union

Macroscope | Why Germany has more to fear from a second Trump term than China

A widening trade war would further destabilise Europe’s largest economy as it struggles with stagnation, declining exports and geopolitical tensions.

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Donald Trump

Canada considering retaliatory tariffs on US items following Trump threat

Canada mulls retaliatory tariffs on US goods as Trump threatens sweeping levies on Canadian products.

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Donald Trump

Trump picks Greer as trade chief, Hassett for National Economic Council

Both men will have direct sway over much of Trump’s economic agenda: imposing new tariffs and cutting taxes.

US president-elect Donald Trump speaks as he meets with House Republicans on Capitol Hill on November 13. Photo: Reuters
Donald Trump

Mexico’s Sheinbaum hints she could retaliate against Trump tariffs

Meanwhile, Canada’s Trudeau says he had a ‘good’ conversation with the US president-elect after the latter’s surprise tariff threat.

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US-China relations

Opinion | Exit America, enter China? How Beijing can benefit from an isolationist US

America’s abdication as the world’s sole superpower would open up a tremendous diplomatic and economic opportunity for China.

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United States

Opinion | With Trump 2.0, it will be every country for itself

Given Trump’s policy direction, the only conclusion for realists is that self-strengthening must be the main thrust in a fragmenting world order.

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Donald Trump at an election night watch party at the Palm Beach Convention Centre on November 6 in Florida. Photo: AP
United States

Macroscope | China won’t be the only Asian economy in Trump’s sights

Expect trade tensions to intensify dramatically at a time when many Asian economies, including China, are relying on exports to boost growth.

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US president Donald Trump (right) holds a tariff table as he speaks in the Cabinet Room of the White House on January 24, 2019. Photo: AFP
United States

Macroscope | Trump’s tariff weapon may amount to little in a changed world

US-China decoupling and trade diversification across the Asia-Pacific mean Trump’s tariffs are no longer capable of mass destruction.

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Asean

Opinion | Pragmatic Southeast Asia will adapt to Trump’s ‘America first’ agenda

The region is already bracing itself for the reinstatement of a more transactional and nationalist policy agenda in the White House.

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United States

Opinion | Trump has solidified his power to reshape the US. How far will he go?

Trump’s ‘America first’ stance has led some to wonder if traditional American values still apply. The answer is crucial to shaping the US’ future.

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Donald Trump takes the stage for his rally at the Van Andel Arena in Grand Rapids, Michigan, on November 5. Photo: Getty Images via AFP
US presidential election 2024

Trump could send EU hurtling toward tariff war with US and China, Macron warns

The French president added that European countries risked being divided depending on their relative dependence on the US or Chinese market.

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French President Emmanuel Macron speaks during a round table discussion in Paris on Wednesday. Photo: AFP
China trade

Exclusive | Ex-WTO head says China-EU ‘united front’ can counter Trump trade curbs

Pascal Lamy has called for China and the EU to resolve their differences and defend global trade together in a second Trump term.

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US presidential election 2024

Trump asks China trade war architect Lighthizer to be US trade chief: report

As US trade representative, Lighthizer also played a major role in the renegotiation of Nafta with Mexico and Canada.

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