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Brussels prepares to push Washington over stalled tariff reforms. The European Union will urge the United States to honour more of July’s trade agreement, including cutting 50 % tariffs on steel and aluminium imports, amid concern that delays are undermining post-pandemic industrial competitiveness and transatlantic supply-chain recovery.
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Canada will restart trade discussions with the US when conditions align. Prime Minister Mark Carney said there is currently no pressing issue to raise with President Trump.
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Europe is eyeing stakes in Australian resource ventures. The European Union has announced plans to invest directly in Australian critical-minerals operations to secure key supply for its green transition, Trade Commissioner Maroš Šefčovič said following talks in Melbourne with Australia’s Resources Minister Madeleine King.
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China’s October exports fell 1.1% as U.S. tariffs dampened demand. Japan faces its first contraction in six quarters, and Washington has moved to block Nvidia’s AI chip sales to China — three fronts of tightening pressure across Asia’s trade and technology corridors.
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Trump announces new US–Uzbekistan trade and investment deal. The agreement, unveiled in Washington during a summit with Central Asian leaders, forms part of a wider US effort to deepen influence in the region’s critical industries and expand commercial links across energy, aviation, and technology.
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Trump met Japan’s new prime minister in Tokyo on Monday. The two leaders signed a critical-minerals deal to reduce reliance on China, as the U.S. president praised Sanae Takaichi’s historic appointment and reaffirmed the nations’ long-standing security alliance.
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India and the United States are nearing a major trade deal. The agreement, first reported by Mint, would cut U.S. tariffs on Indian exports from about 50% to between 15% and 16% — the most substantial adjustment to trade terms between the two countries in more than a decade.
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China imported zero soybeans from the United States in September 2025. The absence of U.S. shipments — the first in seven years — highlights deepening trade frictions and a reordering of global agricultural supply chains.
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Indian textile exporters are shifting markets as tariffs squeeze margins. Exporters hit by new 50 percent U.S. import duties are redirecting orders toward Europe, offering steep discounts to retain American buyers, and eyeing Africa for lower-tariff production — but the transition is fraught with cost, compliance, and competitiveness pressures.
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Starmer meets Modi in India’s capital to push delivery. The UK Prime Minister used his largest-ever trade mission to emphasise implementation, pledging £1.3 billion in new investment and promising faster progress on the UK–India trade deal signed in July. Businesses on both sides welcomed the ambition but warned delivery will define success.
