The U.S. is imposing additional 50% tariffs on various Canadian goods, including motor vehicles, alcohol, and dairy, citing alleged trade discrimination. The tariffs, enacted under Section 338, are set to take effect in 30 days, prompting Canada's Ontario Premier to suggest retaliation.
The United States has refused to renew the USMCA trade agreement in its current form, leading to its non-renewal. The pact remains in effect until 2036, with annual reviews underway that could extend it. A renewal would have reset the expiration date to 2042, reducing business uncertainty.
The United States has refused to renew the USMCA trade agreement in its current form, meaning the pact remains in force until its potential expiration in 2036. A renewal would have extended it to 2042, avoiding a decade of uncertainty for businesses involved in the $1.8 trillion market.
The US has announced it will not renew the USMCA trade pact with Canada and Mexico in its current form. Trade Representative Jamieson Greer stated the US will continue to engage with its North American neighbors to address shortcomings and trade deficits. Mexico's Economy Minister confirmed the decision, with the agreement set to expire in 2036.
The US has refused to renew the USMCA trade pact with Mexico and Canada, opting instead for annual reviews. This decision, made on the deal's deadline, could impact businesses and investments across North America.
The EU plans to finalize Brexit reset negotiations on trade, agriculture, and youth mobility with the UK soon after Keir Starmer's successor takes office. A planned summit was postponed, but Brussels aims to quickly reschedule to maintain momentum and potentially include defense and electricity market deals.
Canada, Mexico, and the US face a July 1 deadline to decide the future of the USMCA trade pact. Despite ongoing talks, a clear resolution is unlikely by the deadline, with Canada and Mexico seeking renewal while the US position remains uncertain. The pact underpins significant trade and supports millions of jobs.
The Trump administration is expected to announce it will not extend the USMCA trade pact, starting a 10-year countdown to its potential termination. This move, despite ongoing negotiations, signals a push for significant changes to the agreement.
The India-UK Comprehensive Economic and Trade Agreement (CETA) and the Double Contribution Convention (DCC) will come into effect on July 15, 2026. Indian Commerce Minister Piyush Goyal described CETA as India's most comprehensive trade pact, expected to provide significant economic benefits and boost bilateral trade.
India and the US are in high-level trade talks led by Piyush Goyal and Jamieson Greer, aiming to finalize an interim trade pact before July 24. Both nations emphasize a "win-win" partnership, with India seeking lower tariffs and better market access.
Switzerland is fast-tracking the implementation of its Trade and Economic Partnership Agreement (TEPA) with India to boost investment and trade. The agreement, effective since October 1, 2025, aims to enhance regulatory cooperation, skill development, and innovation, already facilitating new Indian products in Switzerland and increased service trade.
The Indian Rupee gained 20 paise against the US dollar in early trade on Friday, reaching 94.20. Optimism surrounding an India-US trade agreement, coupled with improved foreign inflows and lower crude oil prices, fueled the recovery from its previous all-time closing low.
Canada is pushing the US and Mexico to extend their free trade agreement (USMCA) for 16 years, despite ongoing rhetoric from Donald Trump about potentially annexing Canada. Mexico also supports the extension, while the US position remains unclear ahead of a July review.
Canada and Mexico are pushing for a 16-year renewal of the North American free trade agreement (USMCA) with the United States. This move aims to secure the pact amid US President Donald Trump's skepticism. The agreement is crucial for both nations, with the US being their primary trading partner.
Canada has proposed renewing the USMCA trade agreement for 16 years and called for parallel talks on sectoral tariffs, ahead of a meeting between Canadian and US trade negotiators. Minister Dominic LeBlanc outlined suggestions in a letter, seeking to address US tariffs on steel, aluminum, and cars.
India's new trade pact with Oman, effective June 1, offers strategic importance beyond trade. Oman's location outside the Strait of Hormuz ensures a reliable energy and trade gateway for India, even amidst regional conflicts. This agreement is an investment in India's long-term energy and economic security.
Taiwan Premier Cho Jung-tai met with Canadian Trade Office Representative to Taipei, Chloe R. McRae, discussing a trade cooperation framework agreement and enhancing collaboration in AI, semiconductors, and cybersecurity. Canada aims to assist Taiwan in combating disinformation and cyber threats, particularly concerning local elections.
EU lawmakers and member states have reached an agreement to implement a trade pact with the US, following threats of new tariffs from President Donald Trump if the deal wasn't finalized by July 4. The accord aims to create stable and balanced transatlantic trade.
Canada aims to conclude separate free trade agreements with ASEAN and the Philippines by the end of the year, with a $2 million investment in the Luzon Economic Corridor.
Bangladesh plans to review a trade deal with the US signed by its interim government, citing concerns over provisions that could harm national interests and limit sovereign rights.
The US president will be counting on China to influence Iran and help him out of his latest mess. But the price may be high – including for TaiwanLike an out-of-control wrecking ball, swinging wildly back and forth, Donald Trump smashes up the international order without much thought for the consequences. Lacking coherent strategies, workable plans or consistent aims, he power-trips erratically from one fragile region, tense warzone and complex geopolitical situation to another, leaving misery, confusion and rubble in his wake. Typically, he claims a bogus victory, demands that others repair the damage and pick up the tab, then looks around for something new to break.The president will bulldoze into another international minefield this week – the fraught standoff between China and Taiwan – when he travels to Beijing for a two-day summit with President Xi Jinping. After a string of humiliating policy implosions over Ukraine, Gaza, Nato, Greenland, and now Iran and Lebanon, needy Trump craves a diplomatic success to flaunt at home. But his hopes of vote-winning trade pacts are overshadowed by his latest war of choice. He needs Xi’s promise not to arm Iran if all-out fighting resumes – and Xi’s help keeping the strait of Hormuz open as part of a mooted framework peace deal. Continue reading...
India and New Zealand have signed a 'once-in-a-generation' trade pact, granting Indian exporters duty-free access to New Zealand. The agreement aims to double bilateral trade to $5 billion in five years and includes a $20 billion investment commitment from New Zealand. Both nations are optimistic about the pact's potential to boost economic growth and cooperation across various sectors.
India and the US have agreed to continue engagement on a proposed trade agreement after three days of negotiations in Washington, D.C. The latest round of talks concluded on April 23, covering market access, non-tariff barriers, customs procedures, digital commerce, and economic security. Under the proposed interim arrangement, the US has reduced tariffs on Indian goods from 50% to 18%. India is seeking to reassess portions of the agreement to protect its interests amid shifting global tariff dynamics.
