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Trade Deals

All articles tagged with #trade deals

politics6 days ago

Trump’s Tariff Threats Meet Diplomatic Push to Preserve Global Trade Deals

After the Supreme Court curtailed his tariff powers, Trump announced a 15% global tariff, but the rate was set at 10% in practice as the administration pressed allies (UK, EU, India, Canada, Korea, Japan) to honor existing deals; behind the scenes, officials pursued a conciliatory approach to avert further setbacks to the trade agenda, while signaling new national-security and country-specific investigations that could trigger additional tariffs later this year.

via Politico|
#301-investigations#politics#supreme-court
Tariffs Stay Course Despite Court Ruling, Trade Chief Says
business10 days ago

Tariffs Stay Course Despite Court Ruling, Trade Chief Says

Despite a Supreme Court ruling that most Trump-era tariffs were illegal, US trade chief Jamieson Greer says the policy will stay on course, with potential changes to the legal tools used; a 15% global tariff announced after the ruling sits apart from bilateral deals with about 20 countries, which the administration says will remain in force. Refunds for tariffs paid are to be decided by courts, while China urged lifting the tariffs and India postponed a Washington trade delegation as reactions varied and lawmakers criticized the policy’s reach.

via The Guardian|
#business#global-tariff#ieepa
Trump's 15% Tariff Move Tests Legacy of U.S. Trade Deals
business11 days ago

Trump's 15% Tariff Move Tests Legacy of U.S. Trade Deals

The Supreme Court ruled that Trump overstepped his authority in using IEEPA to impose tariffs, though tariffs under Section 232 remain; Trump then applied a blanket 15% tariff under Section 122 of the Trade Act of 1974 for 150 days with limited exemptions, unsettling existing trade deals and forcing partners to reassess negotiated rates as the White House signals possible Section 301 actions to restore reciprocal tariffs later.

via Al Jazeera|
#business#section-122#supreme-court
Britain's Roads See a Surge in US-Style Pickup Trucks
world29 days ago

Britain's Roads See a Surge in US-Style Pickup Trucks

UK pickup registrations rose 92% from 308,103 in 2014 to 590,587 in 2024, a trend Clean Cities says reflects lifestyle choice over practicality and prompts calls for stricter safety standards and higher parking fees as critics warn heavier, taller pickups pose risks to pedestrians and other road users; the piece also notes proposed trade carve-outs for US vehicles that could bypass safety testing.

via Jalopnik|
#pedestrian-safety#pickup-trucks#road-safety
China expands global trade network as Starmer visits Beijing
world1 month ago

China expands global trade network as Starmer visits Beijing

China posts a record 1.2 trillion-dollar trade surplus in 2025, with booming non‑U.S. trade, the strongest monthly forex inflows in history, and a widening push to use the yuan globally, as Beijing seeks deeper ties with partners like Canada and India amid U.S. tensions; UK Prime Minister Keir Starmer’s Beijing visit underscores efforts to diversify trade links even as the EU, India and other partners advance their own deals.

via Reuters|
#china-economy#starmer-visit#trade-deals
India and EU clinch landmark free trade pact, Modi calls it a game-changing deal
business1 month ago

India and EU clinch landmark free trade pact, Modi calls it a game-changing deal

India and the European Union sealed a landmark free trade agreement, creating a vast market (about 2 billion people) and aiming to boost sectors such as textiles, gems and jewelry, leather, and shoes. Modi dubbed it a major milestone as New Delhi seeks relief from U.S. tariffs and to diversify its trade, with the EU accounting for roughly a quarter of global GDP and serving as India’s largest trading partner; the pact complements India’s other recent deals with the U.K., Oman, and New Zealand.

via CNBC|
#business#economy#free-trade-agreement
Starmer advocates for closer UK-EU single market alignment over customs union
politics2 months ago

Starmer advocates for closer UK-EU single market alignment over customs union

A decade after Brexit, UK political discourse is shifting towards re-engagement with Europe, with some Labour MPs and government officials exploring options like a Swiss-style 'dynamic alignment' deal to access the single market and boost economic growth, signaling a potential change in the UK's approach to its relationship with the EU.

via The Observer|
#brexit#dynamic-alignment#labour-party
Supreme Court's Decision on Trump's Tariffs: Key Implications
world4 months ago

Supreme Court's Decision on Trump's Tariffs: Key Implications

The U.S. Supreme Court is considering the legality of President Trump's tariffs imposed under emergency powers, with most expecting the tariffs to remain regardless of the ruling. Companies are navigating disrupted supply chains and increased costs, while the administration continues to use various legal authorities to maintain tariffs, which are influencing trade negotiations and economic stability.

via Reuters|
#economic-impact#supreme-court#trade-deals
Wall Street's Key Events This Week: Tech Earnings, Fed Decision, and Geopolitical Talks
markets4 months ago

Wall Street's Key Events This Week: Tech Earnings, Fed Decision, and Geopolitical Talks

US stock futures are rising towards record highs amid strong earnings reports and optimism about US-China trade negotiations, with investors awaiting the Federal Reserve's interest rate decision. Major companies like UnitedHealth, UPS, and Amazon reported positive earnings, while geopolitical developments and trade agreements, especially with Japan and Malaysia, also influenced market sentiment. Gold prices declined as tensions eased, prompting profit-taking.

via Yahoo Finance|
#earnings#federal-reserve#markets