Core Perspective - The agreement seeks to enhance trade relations between Europe and South America in response to the uncertainties created by Trump's trade tariffs [1] Group 1 - The pact is designed to facilitate trade between two significant regions, potentially leading to increased economic collaboration [1] - The initiative comes at a time of unprecedented uncertainty in global trade dynamics, particularly influenced by U.S. trade policies [1]

President Trump's new tariff plan, bringing fresh concerns on the current trade deals already in place. Bloomberg just reporting that the European Union is set to freeze the ratification process of its trade deal with the United States while it seeks more details from the Trump administration. Joining us from Washington is Bloomberg's Kasia Kliasinska.Does the Trump administration know how to answer the European Union or is it also waiting on appeals and other court decisions. Hello. So this is the stronges ...

Core Viewpoint - India is not considering backing away from the recently struck trade agreement with the US, which includes lower tariffs on exports and a commitment to purchase $500 billion of American goods over five years [1][10]. Trade Agreement Details - The US agreed to reduce reciprocal tariffs on India from 25% to 18% and remove tariffs related to Russian oil purchases before the court ruling [7][11]. - The two countries were scheduled to sign the first phase of the trade deal next month and continue negotiations for a comprehensive bilateral trade agreement [7][11]. Impact of Court Ruling - The US Supreme Court ruling deemed Trump's use of the International Emergency Economic Powers Act to impose tariffs illegal, leading to lower tariff rates for countries like India, China, and Brazil [6][11]. - The ruling has diminished Trump's leverage in trade negotiations, allowing India to reassess its strategy without the pressure of punitive tariffs on Russian oil [8][11]. Future Negotiations - India is likely to include provisions in future agreements to safeguard against similar court decisions [8][11]. - Economists suggest that India may seek more favorable terms in negotiations, given the reduced pressure to make large concessions [11]. Ongoing Uncertainty - Despite the positive developments, uncertainty regarding tariffs remains, with expectations that the trade deal with the US will proceed [10][11]. - The ability of the US to impose tariffs may be restricted, but there are concerns that additional tariffs could be imposed under different acts [10][11].

After boasting for months about its preferential trade deal with Donald Trump, the UK is at risk of becoming the biggest loser in the aftermath of the Supreme Court’s decision to strike down his global tariffs https://t.co/x1ZjkE0eQK ...

India’s opposition called for Prime Minister Narendra Modi’s administration to put the nation’s trade deal with the US on hold and amend it https://t.co/SzanUfr8T3 ...

European Union lawmakers will hold an emergency meeting Monday to reassess the bloc’s trade deal with the US following the Supreme Court’s decision to strike down some of President Donald Trump’s global tariffs https://t.co/aS5ZlEiLeZ ...

US Ambassador Andrew Puzder said the forthcoming rules would be “a direct contravention” of the terms and the spirit of a trade deal the US and EU struck last year https://t.co/Kya8TBuUbj ...

India and the U.S. have an interim trade deal that paves the way for lower tariffs. But challenges remain. ...

Vietnamese carriers launched a US charm offense by announcing billions of dollars in new and old plane orders from Boeing as the nation’s Communist Party chief To Lam visits Washington looking to clinch a trade deal with Trump https://t.co/q3Ek9j8QPz ...

💥BREAKING: 🇺🇸🇹🇼 United States signs trade deal with Taiwan, cutting tariffs to 15%. https://t.co/tUfDfl4RRz ...