South Korea and Mongolia held talks in Ulaanbaatar to speed up economic cooperation, focusing on progress for a Comprehensive Economic Partnership Agreement (CEPA) and strengthening supply chains for key minerals. The CEPA aims to expand trade, investment, and establish stable joint supply chains for minerals vital to cutting-edge industries.
Bernd Lange, chair of the European Parliament's trade committee, became an obstacle to a transatlantic trade deal with the US. He demanded safeguards against Washington's potential non-compliance, clashing with EU institutions and Trump's administration.
The European Parliament approved legislation to implement the EU's trade deal with the US, removing tariffs on US industrial goods and agricultural products. The vote, 440 in favor, marks a final hurdle after repeated frustrations from the Trump administration.
US Trade Representative Jamieson Greer will visit India on June 23-24 to finalize an interim trade deal, aiming to conclude ongoing negotiations between the two nations.
German MEP Bernd Lange warns the Airbus-Boeing subsidy dispute could derail the EU-US trade agreement if tensions escalate. The five-year truce expires July 11, with no extension yet agreed, potentially leading to new tariffs.
South Korea secured $165 million in foreign direct investment from four European companies and signed a digital trade agreement with the EU, aiming to deepen economic ties amid global geopolitical risks and trade protectionism.
US President Donald Trump stated the US might not renew its free trade agreement with Canada and Mexico, citing trade deficits. The pact requires renewal by July 1 or a 10-year exit process.
The EU and UK car industries are urging the European Commission to adjust the Brexit trade deal, seeking a second suspension of tariffs on electric vehicle imports due to struggles in meeting 'made in Europe' battery production targets by 2027.
US Trade Representative Jamieson Greer stated that the US will honor tariff caps in trade deals with the EU, Japan, and others, despite ongoing investigations into forced labor products and unfair trade practices. South Korea faces a potential 12.5% tariff.
Senior Labour minister Peter Kyle warns the party hasn't learned from Conservatives about changing leaders, stating "entitlement is not a qualification." Wes Streeting calls for a "battle of ideas" over a "coronation" for potential leadership contenders.
Talks on implementing the UK-India free trade deal are progressing well, but its implementation may be delayed beyond initial expectations due to Indian concerns over upcoming British steel trade measures. Trade Minister Peter Kyle stated the deal itself will not be reopened.
South Korean Industry Minister Kim Jung-kwan stated that the U.S. Commerce Secretary reaffirmed South Korea will not face tariffs exceeding the bilateral trade deal. This follows the USTR's proposal of tariffs on goods from 60 economies over forced labor import bans.
The US has proposed additional tariffs on India as part of its Section 301 probe, potentially impacting Indian exports. Experts suggest India should actively challenge the findings and leverage ongoing trade deal negotiations.
The US has proposed additional tariffs of 12.5% on India under its Section 301 probe, citing concerns over forced labor and excess industrial capacity. This move complicates ongoing trade deal talks between the two nations, with experts suggesting India challenge the findings legally and at the negotiating table.
The US has proposed additional tariffs of 12.5% on India as part of its Section 301 probe into forced labor practices. Experts warn this could significantly impact Indian exports and complicate ongoing trade deal negotiations.
The US and India are close to finalizing a trade deal, with 99% reportedly settled. US Ambassador Sergio Gor met with Indian Commerce Minister Piyush Goyal to resolve remaining issues, aiming for mutually beneficial outcomes and exploring collaboration in AI and semiconductors.
The US is proposing new tariffs on 60 economies for allegedly failing to prohibit imports made with forced labor. Tariffs of 10% or 12.5% could be imposed, impacting countries like China, India, and EU nations, potentially disrupting ongoing trade negotiations.
The US has proposed 12.5% tariffs on imports from India and 54 other economies, citing concerns over forced labor and excess industrial capacity under Section 301 investigations. India is engaging with the US on the matter.
Canada has formally requested a 16-year renewal of the USMCA trade pact with the US and Mexico, as a July deadline approaches. Trade Minister Dominic LeBlanc is in Washington for talks with US Trade Representative Jamieson Greer, but disagreements persist over tariffs and auto manufacturing content.
Canada has formally requested a 16-year renewal of the USMCA trade pact with the US and Mexico, as a July deadline approaches. Trade Minister Dominic LeBlanc seeks to remove sector-specific tariffs, while US Trade Representative Jamieson Greer indicates potential US tariffs and increased North American content for vehicles.
The European Parliament's International Trade Committee approved an EU-US trade deal, with a final vote set for June 16. The deal includes safeguards against potential US tariff hikes, with a sunset clause extended to December 31, 2029, and a provision allowing the EU to suspend the agreement if US tariffs on steel and aluminum remain past 2026.
The US is proposing 25% tariffs on many Brazilian imports over unfair trade practices. Meanwhile, India and the US are close to a Phase 1 trade deal, with 99% of issues resolved. Separately, Aluminium Bahrain (Alba) announced a $2.2 billion deal to acquire Dunkerque Aluminium, the EU's largest smelter.
A European Parliament committee voted to remove EU import duties on US goods, a key step in complying with a trade deal to avert a trans-Atlantic trade row. The deal caps US levies on European imports and eases market access for US agricultural products.
The European Parliament's trade committee approved legislation implementing a trade deal with the US, agreeing to eliminate tariffs on US industrial and agricultural goods. Lawmakers aim to finalize the process before July 4, when Trump threatened higher tariffs.
