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India and the EU finalise landmark trade agreement. The deal concludes nearly 20 years of negotiations, aiming to enhance economic ties. It will reduce tariffs, expand market access, and bolster supply-chain integration between the two regions.
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China ends 2025 with a record $1.2 trillion trade surplus. Exports rose even as U.S. tariffs tightened, driven by electric vehicles and diversified markets. The result highlights China’s external resilience but exposes continued weakness in domestic demand and renewed scrutiny of global trade imbalances.
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G7 finance ministers and allied economies are pushing to lessen global dependence on Chinese rare earths. The 10-nation meeting in Washington signalled growing consensus that critical minerals are not just trade goods but strategic assets. Governments are now exploring joint financing models and market coordination to support non-Chinese producers.
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Trump has ordered a 25% tariff on nations doing business with Iran. The move, announced via social media, threatens to upend global trade dynamics. Key U.S. partners — from China to India — now face a choice between maintaining commerce with Tehran or risking punitive tariffs on American trade.
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UK and Canada agree partnership to modernise public services. The deal will expand AI adoption, strengthen semiconductor research, and build collaboration in digital infrastructure between the two countries.
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U.S. officials warn Indonesia is reneging on vital trade commitments. The 2025 agreement promised sweeping tariff cuts and non-tariff barrier removal. Jakarta now reportedly seeks to reclassify parts of the accord as non-binding. Markets and businesses await clarity as negotiations enter a critical phase.
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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.
