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The Latest Breaking News from Trade

US-UK trade deal with lower tariffs on cars and steel ‘could be signed this week’

US treasury secretary Scott Bessent said some trade deals could be announced as early as this week

The Independent UK

UK-India deal does not undercut British workers, says Trade Secretary

Opposition politicians have criticised a provision in Tuesday’s deal exempting some temporary Indian workers from national insurance payments.

Evening Standard

Australian shares edge higher but uncertainty lingers

The Australian share market has lifted on the back of US-China trade talks and stimulus announcements from Beijing, but investors remain apprehensive.

AAP

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Tariff cuts and tax exemptions for some workers agreed in UK-India trade deal

Ministers say the long-coveted agreement will add £4.8 billion a year to the economy by 2040.

Evening Standard

India, UK agree ‘historic’ trade deal including tariff cuts

Both sides celebrate the landmark agreement, which was several years in the making.

Al Jazeera

EU sends top officials to Washington for tariff talks

A high-level meeting is under way in Washington on Tuesday and Wednesday as the EU and US attempt to escape a full-blown transatlantic trade war.

Euronews

Data is driving trade deal pursuit, not ‘post-imperial delusion’, minister says

The Liberal Democrats are warning the Government that a summit with the European Union on May 19 should not be a missed opportunity.

Evening Standard

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British and Indian ministers meet for ‘productive’ talks on trade deal

More than a dozen rounds of talks involving successive governments have taken place since 2022.

Evening Standard

Trade unions and Scottish Water at standstill in dispute

Trade union members representing Scottish Water employees warned that “it feels like they’re trying to pull the wool over the union’s eyes”…

The National (Scotland)

Tokyo Leads Gains In Most Asian Markets On Trade Deal Hopes

Investors are also eyeing developments at the Federal Reserve as Trump hit out at boss Jerome Powell, who warned the sweeping tariffs were "highly likely to generate at least a temporary rise in inflation".

Latin Times

Asian Markets Mixed As Traders Track Tariff Talks

Asian markets were mixed in holiday-thinned trade Friday as investors keep tabs on countries' tariff talks with the White House, while Donald Trump's remarks that he was reluctant to hike levies on Beijing even more provided a little support.

International Business Times

Trump touts ‘big progress’ in talks with Japan, one of the first countries trying to get a tariff reprieve

Japan is a major test of whether the Trump administration can turn its “Liberation Day” shock into real trade deals.

Fortune

Unease Grows Over Trump Tariffs Despite 'Progress' In Japan Trade Talks

Uncertainty over Donald Trump's tariff blitz mounted Thursday after the Fed chief warned of rising prices and "volatility" while "progress" flagged by the US president in talks with Japan lifted markets slightly.

International Business Times

EU to US on tariffs: 'The ball's in your court'

After several hours of discussions with US trade representatives, 'it's over to you', the European Commission said on Tuesday.

Euronews

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Latin Times

Trump Escalates Trade Fight With China, Citing National Security Concerns Over Chips

Trump plans new semiconductor tariffs on China, citing national security and pushing for U.S. chip production.

The Independent UK

Inside Trump’s Oval Office as he called senators during Fox News breaks and world leaders begged to end his tariff plan

The president said he was acting ‘instinctively’ after announcing the surprise 180 on Wednesday. However multiple sources said that the build up to the decision was drawn out over a number of days

Evening Standard

Stock market slides again as Trump tariffs come into effect

The Chancellor will meet her Indian counterpart later on Wednesday as she seeks trade deals with countries other than America.

Euronews

Von der Leyen discusses trade disruption with China amid tariff barrage

Amid escalating trade war with the US, the EU reached out to China on Tuesday in a telephone exchange between Ursula von der Leyen and Chinese Premier Li Qiang.

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Al Jazeera

Penguins, vaccines: Can negotiations save Trump’s oddest tariff targets?

Barely inhabited islands, countries the US enjoys a trade surplus with, and a tariff formula that isn’t about tariffs.

Al Jazeera

Have Trump’s tariffs killed US-Africa preferential trade?

The AGOA framework that saw African countries export duty free to the US is as good as dead, experts say.

International Business Times

US 'In Arrears' At The WTO

The United States has not paid its 2024 dues to the World Trade Organization and is therefore now deemed to be in "arrears", the WTO's spokesman said Friday.

Evening Standard

Trade Secretary refuses to rule out cutting digital tax as US tariffs loom

The Liberal Democrats have urged the Government not to cut or scrap the digital services tax to ‘appease’ Donald Trump.

The National (Scotland)

Pro-Palestine protesters disrupt Labour minister with call for Israel arms ban

Pro-Palestinian demonstrators calling for an end to F35 exports to Israel disrupted a talk by Trade Secretary Jonathan Reynolds on Thursday ...

The Independent UK

Labour pledges to ‘tear down’ barriers after new figures reveal Brexit costing UK business £37bn a year

Exclusive: Billions of pounds worth of lost business with other European Union countries prompts calls to re-enter customs union and single market

International Business Times

US Pharma Lobby Targets Australia's AU$18B PBS, Urges Trump To Impose Punitive Tariffs

On March 11, a formal complaint was submitted to US Trade Representative Jamieson Greer, urging the Trump administration to take strong action against Australia's "damaging pricing policies."

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