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Trade Deals

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India Secures Major Trade Breakthroughs at G7: UK Date, EU FTA by Year-End
business27 days ago

India Secures Major Trade Breakthroughs at G7: UK Date, EU FTA by Year-End

At the G7 summit, India announced fixed timelines for key trade deals: the India-UK Comprehensive Economic and Trade Agreement will be implemented from July 15, the India-Canada CEPA negotiations aim to conclude in 2026, and the EU will sign the India Free Trade Agreement by year-end with potential entry into force in 2027, while US-India talks are reportedly close, signaling a broad push to deepen bilateral trade and investment.

via Hindustan Times|
#business#eu-trade-deal#g7
US vows to honor tariff caps in EU and Japan deals amid forced-labor tariffs
business1 month ago

US vows to honor tariff caps in EU and Japan deals amid forced-labor tariffs

The U.S. will respect tariff caps in its trade agreements with the European Union and Japan, citing the legal basis from new forced-labor tariffs under Section 301. USTR Jamieson Greer said “a deal is a deal,” while EU officials like Maros Sefcovic stressed that the Turnberry package envisions a 15% cap. Separately, the administration unveiled tariffs on 60 countries targeting forced-labor products, which could push overall duties beyond 15% depending on ongoing investigations at the OECD meeting in Paris.

via Yahoo Finance|
#business#eu#forced-labor
Trump’s Beijing trip ends with vague deals and cautious markets
world2 months ago

Trump’s Beijing trip ends with vague deals and cautious markets

President Donald Trump wrapped up a two‑day summit in Beijing with few concrete trade deals, and markets reacted to vague commitments rather than clear agreements. Analysts note China’s push toward self‑sufficiency in tech and manufacturing, while Trump hinted at potential steps on agriculture, energy, or sanctions—leaving the lasting impact of the trip uncertain for now.

via CNN|
#china#markets#trade-deals
Canada bets on diversification after calling US ties a weakness
world2 months ago

Canada bets on diversification after calling US ties a weakness

Canadian Prime Minister Mark Carney says Canada’s historically close economic ties to the United States are now a weakness that must be corrected, citing U.S. tariffs that have hit auto and steel industries and created investment uncertainty. He outlined plans to diversify the economy, attract new investment, pursue trade deals with other countries, expand clean energy capacity, and bolster defense spending, insisting Canada must not rely on a single partner and must take control of its security and future.

via Yahoo|
#canada-us-relations#economic-diversification#nafta
politics4 months ago

Trump’s Tariff Threats Meet Diplomatic Push to Preserve Global Trade Deals

After the Supreme Court curtailed his tariff powers, Trump announced a 15% global tariff, but the rate was set at 10% in practice as the administration pressed allies (UK, EU, India, Canada, Korea, Japan) to honor existing deals; behind the scenes, officials pursued a conciliatory approach to avert further setbacks to the trade agenda, while signaling new national-security and country-specific investigations that could trigger additional tariffs later this year.

via Politico|
#301-investigations#politics#supreme-court
Tariffs Stay Course Despite Court Ruling, Trade Chief Says
business4 months ago

Tariffs Stay Course Despite Court Ruling, Trade Chief Says

Despite a Supreme Court ruling that most Trump-era tariffs were illegal, US trade chief Jamieson Greer says the policy will stay on course, with potential changes to the legal tools used; a 15% global tariff announced after the ruling sits apart from bilateral deals with about 20 countries, which the administration says will remain in force. Refunds for tariffs paid are to be decided by courts, while China urged lifting the tariffs and India postponed a Washington trade delegation as reactions varied and lawmakers criticized the policy’s reach.

via The Guardian|
#business#global-tariff#ieepa
Trump's 15% Tariff Move Tests Legacy of U.S. Trade Deals
business4 months ago

Trump's 15% Tariff Move Tests Legacy of U.S. Trade Deals

The Supreme Court ruled that Trump overstepped his authority in using IEEPA to impose tariffs, though tariffs under Section 232 remain; Trump then applied a blanket 15% tariff under Section 122 of the Trade Act of 1974 for 150 days with limited exemptions, unsettling existing trade deals and forcing partners to reassess negotiated rates as the White House signals possible Section 301 actions to restore reciprocal tariffs later.

via Al Jazeera|
#business#section-122#supreme-court
Britain's Roads See a Surge in US-Style Pickup Trucks
world5 months ago

Britain's Roads See a Surge in US-Style Pickup Trucks

UK pickup registrations rose 92% from 308,103 in 2014 to 590,587 in 2024, a trend Clean Cities says reflects lifestyle choice over practicality and prompts calls for stricter safety standards and higher parking fees as critics warn heavier, taller pickups pose risks to pedestrians and other road users; the piece also notes proposed trade carve-outs for US vehicles that could bypass safety testing.

via Jalopnik|
#pedestrian-safety#pickup-trucks#road-safety
China expands global trade network as Starmer visits Beijing
world5 months ago

China expands global trade network as Starmer visits Beijing

China posts a record 1.2 trillion-dollar trade surplus in 2025, with booming non‑U.S. trade, the strongest monthly forex inflows in history, and a widening push to use the yuan globally, as Beijing seeks deeper ties with partners like Canada and India amid U.S. tensions; UK Prime Minister Keir Starmer’s Beijing visit underscores efforts to diversify trade links even as the EU, India and other partners advance their own deals.

via Reuters|
#china-economy#starmer-visit#trade-deals
India and EU clinch landmark free trade pact, Modi calls it a game-changing deal
business5 months ago

India and EU clinch landmark free trade pact, Modi calls it a game-changing deal

India and the European Union sealed a landmark free trade agreement, creating a vast market (about 2 billion people) and aiming to boost sectors such as textiles, gems and jewelry, leather, and shoes. Modi dubbed it a major milestone as New Delhi seeks relief from U.S. tariffs and to diversify its trade, with the EU accounting for roughly a quarter of global GDP and serving as India’s largest trading partner; the pact complements India’s other recent deals with the U.K., Oman, and New Zealand.

via CNBC|
#business#economy#free-trade-agreement
Starmer advocates for closer UK-EU single market alignment over customs union
politics6 months ago

Starmer advocates for closer UK-EU single market alignment over customs union

A decade after Brexit, UK political discourse is shifting towards re-engagement with Europe, with some Labour MPs and government officials exploring options like a Swiss-style 'dynamic alignment' deal to access the single market and boost economic growth, signaling a potential change in the UK's approach to its relationship with the EU.

via The Observer|
#brexit#dynamic-alignment#labour-party