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The Latest Breaking News from Trade

European Union strikes a new free trade deal with the Philippines

The European Union and the Philippines have announced a new free trade deal

The Independent UK

India-New Zealand FTA finalised; 100% of Indian exports to get duty-free access from October 20

India and New Zealand finalized their free trade agreement, which takes effect October 20. This pact aims to double bilateral trade in goods and services by 2030. New Zealand will offer duty-free access for 100% of Indian exports under the agreement. The deal also expands mobility for Indian students and…

The Economic Times

Brussels seeks 'credible' outcome in EU-China talks after key negotiators’ call

EU Trade Commissioner Maroš Šefčovič will travel to Beijing on 8–9 October, seeking assurances from China that it will curb exports to the EU and extend the truce on rare earth exports.

Euronews

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Trump’s Canada trade war puts Republican Senate candidates in Michigan, Maine in a bind

Republican candidates face challenges balancing President Trump's trade policies and voter concerns. Michigan and Maine economies are closely tied to Canadian trade, raising stakes for Senate races. Senator Susan Collins criticizes tariffs, while candidate Mike Rogers supports the president's approach. Canada's retaliatory tariffs aim to exert political pressure on the…

The Economic Times

EU countries to seek import curbs on chemicals, plastics, sources say

European governments plan to use trade safeguards against surging imports. France, Italy, and Germany will request broad import quotas soon. These measures target chemicals and plastics, especially from China. The European Union is toughening its trade stance amid industrial challenges. This shift reflects a new geopolitical climate and economic pressures.

The Economic Times

Europe jolted by the Kremlin’s ‘hybrid’ escalation

Hello from Brussels. I’m Mared Gwyn. Today, we bring you an exclusive sit-down interview with the EU’s trade chief on his quest to rein in the EU’s ballooning trade deficit with Beijing. But we start with the escalating tensions between Europe and Moscow.

Euronews

Trump says last minute deal reached with Canada to delay 50% US tariffs on imports from Ottawa

The two allies traded goods and services worth close to $1 trillion despite their strained relations last year, as US President Donald Trump continues his relentless push to enforce tariffs and levies on his northern neighbours.

Euronews

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Trump Called Canada's Leadership 'Nasty'— Mark Carney Says Trade Talks Have Turned Just That as 50% Tariff Deadline Looms

Canadian Prime Minister Mark Carney said U.S. trade negotiations had turned "nasty" after President Donald Trump attacked Canada’s leadership, with Washington’s threatened 50% tariffs on additional Canadian goods set to take effect Aug. 19.

Benzinga

Brussels vs Beijing: The new trade battle begins in Morocco and Turkey

Beijing's investment drive in Morocco and Turkey is opening new routes into the EU market, forcing Brussels to prepare its response. But its trade defence toolbox is increasingly struggling to keep pace.

Euronews

New Zealand refuses to reveal document allegedly showing preferential visa treatment for Indians

New Zealand has refused to release a confidential government document that Deputy Prime Minister Winston Peters says contains proposals for preferential immigration treatment for Indian nationals under the proposed India-New Zealand free trade agreement. The government disputes his interpretation but has declined to make the document public.

The Economic Times

A forced-labor crackdown or an end-run around Congress? Dissecting Trump's new tariffs

The Trump administration has levied tariffs on more than 60 countries, using a legal justification that permits the president to impose import taxes and other sanctions against countries found to engage in “unjustifiable,” “unreasonable” or “discriminatory” trade practices

The Independent UK

Google fine 'creates uncertainty' for EU-US trade deal, US Trade Representative says

Washington says the EU's €890m fine against Google under the Digital Markets Act jeopardises the EU-US trade deal, calling it "massive uncertainty" for US exporters.

Euronews

Brussels slaps €890 million fine on Google despite looming new US tariffs

Brussels fined Google €890 million under its Big Tech rulebook for favouring its own services in search results and restricting app developers, despite Washington preparing a fresh set of trade tariffs as current ones are expiring.

Euronews

UK strikes ‘biggest ever’ deal with European country amid e-gate and roaming agreement

The trade deal followers similar situations with India, the US, the EU, Gulf states and South Korea

The Independent UK

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The Independent UK

If England win World Cup ‘it’ll be difficult to get anyone into work’, admits Chris Bryant

Trade minister Chris Bryant has not ruled out government plans for a bank holiday if England win the World Cup, admitting “it’ll be difficult to get anyone into work”.

Benzinga

Trump Administration Rejects Current North American Trade Pact — Mexico, Canada Back Continued Talks

The Trump administration on Wednesday declined to renew the trilateral treaty agreement with Mexico and Canada in its current form during a scheduled six-year review, with the countries now expected to continue negotiations over proposed changes.

Latin Times

Six Years In, Trump Walks Back His Own USMCA Trade Pact — And Autos Are Ground Zero

The U.S. rejected a clean USMCA renewal on July 1, triggering annual reviews through 2036 as autos, China limits and labor pay dominate talks.

The National (Scotland)

Andy Burnham's chief of staff in transparency row over Douglas Alexander meeting

Andy Burnham's incoming chief of staff has been linked to a lobbying row over a meeting with Douglas Alexander when he was Trade Minister

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Euronews

Europe Today: Serbia heads for elections as EU-China trade tensions grow

US and Iranian delegations return to Qatar for fresh talks as Brussels and Beijing work to resolve key trade disputes. Meanwhile, Serbia prepares for early elections after President Aleksandar Vučić announced his resignation.

The Times of India

When Data met Donald – and died: How US Prez trumped India with fake tariff numbers

A new book reveals President Trump's disregard for factual trade data concerning India, often dismissing official figures as 'bullshit numbers' to justify his imposition of high tariffs. Despite evidence from USTR and trade representatives, Trump insisted on inflated tariff rates, leading to strained US-India relations. This approach extended to foreign…

The Economic Times

India seeks tariff advantage over peers in push to finalise US trade deal

India's trade minister, Piyush Goyal, revealed on Monday that a trade agreement with the United States is experiencing delays. The primary hurdle, he explained, is the existing 50% tariff imposed on Indian goods. New Delhi is actively seeking preferential market access through this pact, a key objective for the nation's…

Latin Times

Trump Raises Prospect of Ending USMCA, Says U.S. Needs 'Nothing' From Canada or Mexico

Trump nevertheless defended the USMCA as an improvement over the North American Free Trade Agreement (NAFTA), which he again described as "the worst trade deal in history"

AAP

FED:US tariffs 'not linked' to Australia's slavery laws

Australia's trade minister says he put forward a strong argument opposing increased US tariffs of 12.5 per cent when he met with his American counterpart.

AAP

Aussie exports face billion-dollar hit from US tariffs

Donald Trump is seeking to impose tariffs he has said are aimed at targeting slavery, which would cost Australia more than $1 billion a year.

The Economic Times

Trump administration targets Vietnam's IP enforcement in new trade investigation

America has launched a trade probe into Vietnam's handling of intellectual property. This move could lead to new tariffs. Vietnam has been flagged for failing to address long-standing concerns. While Vietnam has made some progress, infringement continues. Enforcement challenges persist, with counterfeit goods widely available. This investigation follows previous trade…

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