President Trump has tried to distance himself from the emerging trade war between the US and China as markets reacted to a new escalation in tariffs between the two economies. On Tuesday, the US published an official list of 1,300 Chinese import goods to be targeted by tariffs, covering sectors including robotics, information technology and... View Article

South Korea has agreed to limit its steel exports and relax its position on US auto imports, in what represents a major success for President Trump. An official statement from the South Korean Ministry of Trade, Industry and Energy – released today – confirmed that South Korea would be exempt from new US steel tariffs,... View Article

China has said it will retaliate to US tariffs on Chinese imports with tariffs of its own, in a move that makes the prospect of a trade war increasingly likely. President Trump is pressing ahead with measures announced last week, which he says are in response to concerns over China’s misappropriation of US intellectual property,... View Article

The President of Myanmar, Htin Kyaw, has stepped down today on suspected health grounds, the BBC reports. According to an official statement, Htin Kyaw, 71, has resigned “in order to take rest from the current duties and responsibilities.” It added that former general and current Vice-President, Myint Swe, would act as president until a new... View Article

China looks set to continue on its course of economic reform and increasing influence in global trade following key political appointments this week. In a break from tradition, the foreign-educated economist Yi Gang was nominated as the new governor of China’s Central Bank during the National People’s Congress in Beijing on Monday – an elevation... View Article

The strained trade relations between the US and China took a new turn yesterday, with a US official stating that the long-established US-China Comprehensive Economic Dialogue (CED) had been terminated – only to clarify later that it has not been. David Malpass, the US Treasury Department’s undersecretary for international affairs, told reporters on Sunday that... View Article

New tariffs on Chinese imports proposed by the US this week can be implemented without causing a trade war, the Director of the White House National Trade Council told CNBC on Thursday. Peter Navarro said that the US was acting to create a “trading environment that works not just for Americans but for the rest... View Article

Media outlets in China have railed against Western attitudes in the wake of global reaction to its constitutional changes. On Sunday, China’s parliament voted overwhelmingly in favour of removing fixed presidential terms, paving the way for President Xi Jinping to remain in post indefinitely. The global interest in the story prompted several Chinese media outlets... View Article

Singapore has topped a new global index of smart cities, The Straits Times reports, in a boost for its tech and trade ambitions. The city-state beat London (2nd), New York (3rd) and San Francisco (4th) in The Global Smart City Performance Index, published this week by Intel. Smart cities are defined as those which have... View Article

President Trump’s new tariffs on steel and aluminium represent “a major change in the international trade order,” a former Prime Minister of Singapore has said. In a Facebook post, Emeritus Senior Minister Goh Chok Tong said: “This jostling reflects Trump’s bilateral deal-making at work. It portends a major change in the international trade order. It... View Article