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Trade
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.
Chief Executive John Lee (centre) chats with Harvey Rouse at a lunch meeting with EU representatives. Photo: Facebook/John Lee
Hong Kong economy

Hong Kong leader John Lee, EU officials meet to discuss trade, cooperation

EU ambassador describes lunch meeting as a ‘constructive and in-depth exchange on EU-Hong Kong relations’.

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Yuan

China boosts overseas-loan quotas as ‘panda bond’ issuance hits record high

Malaysia

‘New normal’: Malaysia and Australia strike energy supply pledge amid Iran war

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China trade

Record-setting Canton Fair under Middle East cloud as costs hit China’s exports

Manufacturers and buyers offer on-the-ground perspectives at China’s largest trade exhibition, swapping stories and predictions amid massive turnout.

Buyers browse household electrical appliances at the 139th session of the China Import and Export Fair, also known as the Canton Fair, in Guangdong province on Wednesday. Photo: AFP
US, Israel war on Iran

US cites optimism over a deal even as Iran threatens to close Red Sea shipping

US Treasury to end Iran oil waivers, warning China – top buyer – that banks risk secondary sanctions as American pressure intensifies.

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US-China relations

‘No alternative’: Yellen defends dollar dominance, calls to preserve China trade

Former US Treasury secretary, in Hong Kong, discusses China’s ‘serious conflicts’ with other economies in trade, while warning of decoupling risks.

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China energy security

US officials claim China is ‘hoarding’ oil. What does the data say?

While US Treasury Secretary Scott Bessent said China is stockpiling crude amid the Iran war, the numbers suggest Beijing is facing a supply crunch.

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A woman walks past a giant billboard reading “The Strait of Hormuz remains closed” at Revolution Square in Tehran, Iran. Photo: TNS
Amazon

Amazon bets on Shenzhen smart warehouse to cut merchant storage costs by 45%

Amazon expands China push with smart warehouse model, aiming to retain sellers amid rising competition from Temu and Shein.

US, Israel war on Iran

Hormuz blockade: shipping body slams transit fees as 20,000 seafarers stranded

A ‘retrograde’ toll proposal by Tehran risks similar charges in other vital waterways, warns global association for merchant shipowners and operators.

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US-China relations

Trump’s son Eric to join father’s state visit to China

The move could raise concerns in Washington, given that the US president’s personal wealth and business dealings are managed ‌by his family.

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US President Donald Trump (right) and his son Eric Trump leave the White House in Washington on Friday. Photo: EPA
China-Latin America relations

China and the US want rare earths. Brazil will share – on one condition

Move comes as Washington locks US$565 million deal with Brazil’s only operating rare earth mine.

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Serra Verde is Brazil’s only operating rare earth mine. Photo: Handout
2026 Trump-Xi summit

Exclusive | Trump-Xi summit shaped by uncertainty, not strategy: experts

War distractions and limited goals risk turning Beijing talks into optics over substance, as expectations shrink and planning falters.

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China-Middle East relations

Xi’s meeting with Abu Dhabi crown prince highlights Gulf turn towards China

Analysts said the trip was a sign that the UAE was seeking ‘more reliable partners’ in the wake of the US-Israeli war on Iran.

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Hong Kong society

Opinion | 4 identities Hong Kong must embrace to provide global leadership

The city can be a bedrock for world commerce, finance, governance and civilisational exchange as we enter a new phase of globalisation.

People walk through Central on August 15, 2025. Photo: Jelly Tse
China energy security

China turns to central Asia as US blockade in Hormuz chokes global energy flows

Chinese vice-premier to visit major gas field in Turkmenistan as Beijing aims to shore up energy security and diversify away from volatile maritime routes.

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In this 2013 image, President Xi Jinping stands alongside a model of the purification plant in Turkmenistan’s Galkynysh gas field during an opening ceremony. Photo: Getty Images
China trade

China’s imports surge in March as exports soften amid Hormuz blockade

Export figures fall short of predictions, rising by 2.5 per cent, while imports grow by 27.8 per cent as conflict in Middle East causes global disruption.

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Japan

Japan’s Trump tariff deal faces climate backlash over projects’ 20% carbon surge

Campaigners said the three US projects could generate greenhouse gas emissions equal to about 20 per cent of Japan’s annual total.

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European Union

EU launches operations of critical minerals procurement platform

The move aims to cut reliance on dominant producer China and give more power to regional buyers.

European Union flags fly at the EU headquarters in Brussels, Belgium. Photo: AFP
US, Israel war on Iran

US begins blockade of Iranian ports amid fragile ceasefire

Trump says Beijing ‘would like to see this ended’ as the US moves to stop vessels transiting to and from Iranian ports.

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2026 Trump-Xi summit

Could Trump’s Hormuz blockade derail China summit with Xi Jinping?

US president’s move forces China into political dilemma and could create a flashpoint ahead of his meeting with Chinese leader, analysts say.

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China trade

Hungary’s PM-elect Magyar sends warm overture to China, vows fair play for firms

Peter Magyar pledges reforms to restore transparency and fiscal stability as Hungary shifts from Viktor Orban’s investment model.

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Peter Magyar speaks to the media in Budapest on Monday. Photo: AP
Yuan

Yuan’s ‘golden window’ is open, former PBOC governor says as US dollar ebbs

Zhou Xiaochuan, who laid the foundation for China’s currency to go global, says Beijing can capitalise on changes in the international monetary landscape.

People walk past Chinese yuan and US dollar symbols in Hong Kong. Former PBOC governor Zhou Xiaochuan says China should seize fresh opportunities to promote the yuan as an international currency. Photo: AFP
US, Israel war on Iran

‘Blown to hell’: Trump announces US blockade of Strait of Hormuz

The US plans to block ‘all maritime traffic entering and exiting Iranian ports’ starting on Monday.

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US-Venezuela conflict

‘Eager to explore’: Chinese migrants return to Venezuela after Maduro’s capture

A large chunk of Venezuela’s Chinese community fled overseas during Maduro’s rule. Now, many are returning as they see ‘new opportunities’.

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China trade

‘Cancelling orders’ in China: Hormuz oil crisis hits transport and manufacturing

Analysts and industry insiders say higher costs are squeezing margins, with some of China’s wary industrial heartland compelled to make day-to-day purchases.

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Employees work on an assembly line producing smartphone holders at a plastic-accessories factory in China’s Guangdong province earlier this month. Rising oil prices are driving up production costs for plastic manufacturers. Photo: Reuters
US-China trade war

Trump’s tariff powers tested again as court questions ‘deficit’ justification

Court weighs Section 122 tariffs as plaintiffs warn of shifting tactics and judges probe limits of ‘balance of payments’ claims.

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The US Supreme Court ruled in February that Donald Trump could not use emergency powers to impose broad tariffs, reaffirming that such authority rests with Congress. Illustration: AdobeStock
United States

Trump tariff refund tool will go live on April 20, US Customs says

The Supreme Court threw out the president’s duties in February, prompting what could be the largest US government repayment in history.

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US, Israel war on Iran

Iran’s Hormuz toll threat lays bare Asia’s energy vulnerability

Analysts warn that charging ships to pass through Hormuz could set a dangerous precedent for other strategic waterways and hit Asia hardest.

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