The EU-India comprehensive framework of cooperation on mobility' aims to facilitate the mobility of skilled workers, young professionals and seasonal workers in shortage sectors while promoting research and innovation, the Commission says. As migration policy is national competence, it will only apply to interested EU Member States. The mobility deal includes provisions to support skills development and compare skills and qualification frameworks especially in critical tech areas.
The mother of all trade deals' comes months after the United States slapped tariffs on India and the European Union. One of the biggest trade deals in history has been struck by India and the European Union, months after United States President Donald Trump hit both with tariffs. What's in the agreement and how much is driven by Washington's unpredictable measures?
Live Coverage Updates appear automatically as they are published. Live Updates Most of the major indices are green again. The S&P 500 0.17%, as it nears record highs. The SPDR S&P 500 ETF ( SPY) is up about 0.14%. The Dow is down a fraction of a point, with the Nasdaq also up half a percent. The S&P 500 could easily hit 7,000 today, which is just a few points off.
The blow to Europe's international credibility is incalculable in a world that expects the EU to stand up for reciprocity and rules-based trade, to resist Washington's coercion.
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.
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.
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.
Despite signs of an economic slowdown, consumers are sticking to their beauty regimens. Ulta Beauty lifted its full-year guidance as consumers continue to buy its products, sending the stock soaring by 14.5% today.
