Trump's ban on Canadian booze and tariffs strain US-Canada trade amid Carney's political moves.

JPMorgan's CEO is pitching a sweeping U.S.-Europe free trade agreement — but there's a catch: Europe has to get its economic and defense house in order first. It's a bold counter to Trump-era tariffs, and Dimon thinks it could lock in Western dominance for the next 250 years.

Jaishankar says India and the US have "more or less an understanding" on a trade deal, but Section 301 tariffs still affect when it can be closed.

After months of tariff tensions, S. Jaishankar says India and the US have reached a broad understanding on their trade agreement, while Piyush Goyal’s upcoming Washington visit could push negotiations...

The compromise would lower barriers for pork, dairy, spirits, wine and olive oil if negotiators complete the legal text.

The compromise would lower barriers for pork, dairy, spirits, wine and olive oil if negotiators complete the legal text.

India's ​Prime Minister ‌Narendra Modi ​is ​expected to ⁠visit ​Canada in ​December to sign ​a ​trade deal, ‌the ⁠Globe and Mail ​reported ​Tuesday.

U.S. and China extend their trade truce until January as Treasury Secretary Scott Bessent signals talks could lead to a broader economic deal.

KUALA LUMPUR — Malaysian businesses trading across Southeast Asia could begin benefiting from simplified regional trade rules sooner than expected after ASEAN members agreed to work towards implementing an upgraded ASEAN Trade in Goods Agreement (ATIGA) by the end of 2026. The timeline has been brought forward from an initial target of mid-2027 following discussions …

The compromise would lower barriers for pork, dairy, spirits, wine and olive oil if negotiators complete the legal text.

The compromise would lower barriers for pork, dairy, spirits, wine and olive oil if negotiators complete the legal text.

India and New Zealand have finalised a trade deal as the US tariff threat grows, with both sides seeking stronger trade and investment ties.

The European Union and the United States have reached a preliminary trade agreement following negotiations between President Donald Trump and European Commission President Ursula von der Leyen in Scotland. Under the deal, the US will impose a 15% tariff on all EU products, which is half the 30% tariff Trump had threatened to implement starting Friday. The agreement also includes provisions for the EU to open its markets to US exporters with 0% tariffs on certain products. Von der Leyen praised the deal, stating it would bring stability to both allies, which together represent nearly a third of global trade. Trump claimed the EU would increase its investment in the US by $600 billion, including US military equipment, and spend $750 billion on US energy sources over the next three years. This investment is expected to reduce Europe's dependence on Russian energy. Some products, such as aircraft, aircraft parts, certain chemicals, and agricultural goods, will be exempt from tariffs. A separate agreement on semiconductors may be announced soon. Trump also stated that the 50% tariff on steel and aluminum will remain in place globally. However, critics argue that the deal is unfavorable for Europe. The Washington Post noted that a 15% general tariff is worse than what EU officials had anticipated, as they had initially offered a 'zero for zero' deal on industrial products. The EU had previously avoided a full-scale trade war with its traditional military and economic ally. Trump frequently cites the $236 billion trade deficit in goods as evidence of European unfairness, but the US actually has a significant surplus in services like financial consulting, tourism, and education, which balances the trade relationship. The Financial Times' Martin Sandbu argued that the EU had the tools to avoid this outcome and should not have ceded to Trump's demands. The EU has other tools, such as the 'Instrument against Coercion' (ACI), which allows the Commission to impose economic measures beyond tariffs to respond to foreign coercion. Some European leaders, including French Prime Minister François Bayrou, criticized the deal as a capitulation to the US, calling it a 'dark day' for a free alliance of peoples. German Chancellor Friedrich Merz praised the deal for avoiding a trade war, but industry leaders like Wolfgang Niedermark of the German Industry Federation called it an 'inadequate compromise' that will negatively impact Germany's export-oriented economy. Russian official Dmitry Medvedev criticized the agreement, stating it strips Europe of its economic defenses and forces dependence on expensive US energy. The article argues that the European Commission could have avoided this outcome by imposing a 100% tariff on Hollywood films and digital services taxes on US tech companies like Microsoft and Google, which would have hurt Trump's interests more than the current deal. The author concludes that von der Leyen's negotiation tactics have led to a deal that benefits US interests at Europe's expense, symbolizing Europe's decline.

Mexican President Claudia Sheinbaum announced on Friday that she had a productive conversation with U.S. President Donald Trump on Wednesday, during which they reached some agreements regarding trade relations. The call, initially reported by Politico, was described by Sheinbaum as 'very good' during her daily press conference, though she did not provide specific details about the agreements. Sheinbaum emphasized that progress is being made toward a potential bilateral trade deal between Mexico and the United States, with Washington accelerating its efforts to finalize such an agreement before the U.S. midterm elections in October. The timing of the discussions aligns with the political calendar, as the U.S. administration seeks to secure a trade agreement with Mexico prior to the critical election period. Sheinbaum's comments come amid heightened diplomatic engagement between the two nations, reflecting the strategic importance of the trade relationship. The Globe and Mail, which reported the story, noted that the call was part of broader efforts to address trade issues that have been a point of contention in recent years. While the specifics of the agreements remain undisclosed, the positive tone from Sheinbaum suggests a constructive dialogue between the two leaders. This development is significant as it indicates a potential resolution to ongoing trade disputes, which could have implications for economic policies and international relations in North America. The U.S. midterm elections in October are a key deadline for the administration to achieve tangible results in trade negotiations, adding urgency to the discussions. The absence of detailed information from Sheinbaum's press conference does not diminish the importance of the reported progress, as the mere fact of a positive exchange between the two leaders signals a step forward in the negotiation process. The focus now shifts to the implementation of the agreements and the potential for further dialogue to address remaining challenges in the trade relationship. This news underscores the dynamic nature of international diplomacy and the role of high-level communication in resolving complex economic issues.

The pact now enters the EU approval process, leaving current 110% duties in place until both sides ratify it.

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