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The Latest Breaking News from Trade

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

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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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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”.

The Independent UK

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.

Benzinga

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.

Latin Times

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

The National (Scotland)

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.

Euronews

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 Times of India

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…

The Economic Times

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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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The Economic Times

Has China eaten Europe's lunch? A Brussels-Beijing battle is brewing

Europe is adopting a tougher stance against China's industrial practices. A new strategy aims to protect European industries from unfair competition and overcapacity. Several EU nations are pushing for stronger trade measures. This shift reflects a growing fear of deindustrialization and a desire for strategic autonomy. The EU is increasingly…

Euronews

Restricting trade with Israeli settlements 'not aggressive but normal', French minister says

France, along with Sweden, is pushing for restrictions on trade coming from Jewish settlements in the occupied Palestinian territories. The French Deputy Minister for Foreign Trade expressed confidence a European Commission proposal on this is imminent.

AAP

No evidence Andrew vetted to become trade envoy: files

A letter headed "Duke of York's travel" has been released as part of a trove of files related to the former prince Andrew's appointment as UK trade envoy.

AAP

Queen was 'very keen' for Andrew to become trade envoy

The UK government has released documents on ‌the hiring of former prince Andrew as a trade envoy, saying ‌it found no evidence of proper vetting for the role.

International Business Times UK

UK Lands First G7 Gulf Trade Deal Worth £3.7B — Without a Human Rights Clause

The UK's landmark trade deal with the Gulf Cooperation Council eliminates £580M in tariffs, boosting the economy by £3.7B annually. Explore the benefits for British businesses and workers.

The Independent UK

UK government to release papers related to former Prince Andrew's appointment as trade envoy

The U.K. government is set to release confidential papers related to the former Prince Andrew’s appointment as trade envoy

The Independent UK

UK announces trade deal with six Gulf states worth £3.7bn a year

The UK has become the first G7 country to strike a free trade deal with the bloc of six Gulf states

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