#trade-agreement

#trade-agreement

India's prime minister, Narendra Modi, is visiting London to sign a landmark free trade agreement between his country and the UK, expected to cut tariffs and increase market access.

The US dollar steadied after three days of losses, as markets assessed the newly announced trade agreement with Japan, which involves a 15% tariff on exports.

The DAX rose on Wednesday, led by a strong performance in the auto sector after a trade agreement between the United States and Japan lifted investor sentiment.

Trump stated on Truth Social that the U.S. will impose a 19% tariff rate on the Philippines, down from a 20% tariff he threatened starting August 1. In return, he mentioned that the Philippines would have an open market and the U.S. would not pay tariffs.

Around 86 per cent of the value of Canada's exports to the U.S. have the potential to qualify for the CUSMA exemption and cross the border without tariffs.

U.S. President Donald Trump has threatened a 35 percent tariff on all Canadian goods if no trade agreement is reached between the two countries. His warning was communicated in a letter to Prime Minister Mark Carney, shared on his social media platform, Truth Social. The letter emphasized that the implementation of tariffs could be avoided if Canadian companies manufacture products within the United States.

We remain hopeful that the US and the European Union can agree an outline agreement or framework principle agreement this week.

President Trump voiced doubts regarding a potential trade deal with Japan, stating, 'I'm not sure if we're gonna make a deal, I doubt it, with Japan.' He emphasized that Japan has benefited from previous trade arrangements, declaring, 'They and others are so spoiled from having ripped us off for 30, 40 years that it's really hard for them to make a deal.' His remarks indicate a growing frustration with Japan's trading practices and a looming deadline for negotiations as tariffs could be reinstated soon.

This article will be updated throughout the day, so check back often for more daily updates.

I made a fast deal with China in order to save them from what I thought was going to be a very bad situation, and I didn't want to see that happen.

The UK is on the verge of a 1.6bn trade deal with Gulf states, drawing criticism for lacking human rights protections, particularly for migrant workers.