US president Donald Trump has ordered a 90-day pause on retaliatory tariffs above the 10% already imposed, except for Chinese goods, with tariffs now at 125% after China retaliated; the EU has also retaliated. Trump may have been fearful over the impact on the US bond market.

The US-China trade war, sparked by US president Donald Trump's tariffs, looks like it is just beginning, with global markets set to be on a roller coaster for weeks; China has now retaliated further.

The tariffs are set to come in on Wednesday, April 9, and could cause huge upheaval for US companies, Chinese companies and Vietnamese companies across their supply chains.

FA recently caught up with Jo Miyake, head of banking, Asia and Middle East at HSBC Corporate and Institutional Banking, on capital allocation shifts, cross-border opportunities, sustainable financing and regulation.

Global stock markets are tumbling as US president Donald Trump unveils sweeping global tariffs, with many Asian economies hit hard; many fear the move could spark a global trade war as China's retaliation to hit US chip imports, and US recession fears climb.

Goh Ken-Yi, previously deputy CEO of RHB Singapore, succeeds Danny Quah, who is taking on a wider leadership position at the Malaysian bank, including a focus on international expansion.

The move to help address a number of funding issues, will benefit Bank of China, China Construction Bank, Bank of Communications, and Postal Savings Bank of China.

Global investors, with the majority in Asia, participated in the deal which included five year, 10 year and 30 year senior bonds, and is the largest US dollar bond issuance in Hong Kong in the Reg S format; the funds will help drive infrastructure development.

The new regulation is targeting digital asset and payment service providers in both cryptocurrencies and stablecoins; draft legislation is expected by the end of 2025.

FA reveals the industry winners of the Best Companies Poll 2025.