All right, let's bring in Unleash Prosperity co-founder Steve Moore, USMCA. Steve, if we got out of it, and Darren just mentioned, we'd still sort of be in it till 2036, but is it a huge risk from your perspective if President Trump said we're done with it, or is this just a lot of uh opening round negotiations. >> Well, you never know with Donald Trump, do you.Exactly where he's headed with this. But look, I've always been in favor of US, Canada, Mexico, North America being one large free trade zone. I'm a ...

Equity benchmark indices Sensex and Nifty surged in early trade on Wednesday (January 28, 2026), extending their previous day's rally, on optimism over India-EU FTA.The 30-share BSE Sensex jumped 646.49 points to 82,503.97 during initial trade. The 50-share NSE Nifty surged 196.7 points to 25,372.10.From the 30-Sensex firms, Axis Bank, Reliance Industries, NTPC, Bharat Electronics, ICICI Bank and Bajaj Finance were among the major gainers.However, Asian Paints dropped nearly 6% after the firm reported a dec ...

Core Viewpoint - India and the European Union have finalized a trade deal that will remove or reduce tariffs on over 90% of goods traded between them [1][2] Group 1: Trade Agreement Details - The free trade agreement will see India reduce tariffs on European automobile and agricultural products, while the EU will reciprocate by lowering tariffs on Indian textiles, leather, marine products, and gems and jewelry [2] - The deal is expected to come into force in 2026, as stated by India's Commerce and Industry Minister Piyush Goyal [4] Group 2: Economic Impact - The agreement creates a free trade zone of 2 billion people, with both India and the EU set to gain economically [3] - India is currently the EU's ninth-largest trading partner, accounting for 2.4% of the bloc's total trade in goods in 2024, while the EU is one of India's largest trading partners, rivaling the U.S. and China [5] Group 3: Context and Significance - The deal is described as "historic" and comes at a time when India is seeking alternative markets due to the impact of U.S. tariffs [4] - The agreement sends a message that rules-based cooperation can yield significant outcomes, according to European Commission President Ursula von der Leyen [3]

Core Viewpoint - President Trump's potential imposition of tariffs on European wines could significantly impact the U.S. wine industry, affecting both importers and domestic producers, while also raising concerns about the overall economic implications of such tariffs [1][2][3]. Industry Impact - The U.S. wine market consumed nearly 900 million gallons in 2023, valued at over $107 billion, with more than a third of that volume imported from abroad, making tariffs a critical issue for importers [1][2]. - Domestic wine distributors and importers derive approximately 75% of their revenue from imported wines, indicating that tariffs could severely disrupt their business models [1][2]. - California wineries, which produce nearly 90% of U.S. wine, are currently facing significant challenges, including over 500,000 excess tons of grapes and 77 million gallons of wine in storage, leading to potential closures of small farms and family businesses [1][2]. Economic Considerations - The U.S. imports about $5.3 billion worth of wine from the European Union, while American businesses generate nearly $23 billion from the sale of these products, highlighting a significant economic surplus despite the trade deficit concerns [2][3]. - The imposition of tariffs could lead to business contractions, resulting in closures and layoffs within the American wine industry, particularly affecting small businesses that rely heavily on imported wines [2][3]. Market Dynamics - The wine ecosystem is interconnected, with domestic vineyards relying on distributors who also sell imported wines, making tariffs detrimental not only to importers but also to domestic producers [1][2]. - There is a distinction between the fine wine market and the value wine segment, with the latter facing pressure from cheap, subsidized imports that threaten American growers [1][2]. Legal and Regulatory Context - A lawsuit challenging the tariffs is underway, with the U.S. Court of International Trade ruling in favor of the lead plaintiff, indicating ongoing legal battles regarding the administration's tariff policies [3][4].

Core Viewpoint - The automotive industry is facing significant challenges due to tariffs imposed by the Trump administration, which are affecting small and medium-sized manufacturers like AlphaUSA, potentially threatening their existence without relief or the ability to pass costs on to consumers [2][3][11]. Group 1: Impact of Tariffs on Manufacturers - AlphaUSA, a manufacturer of automotive fasteners, reports that tariffs have increased costs significantly, with some parts seeing price increases from $0.10 to $0.15 due to a 50% tariff [6]. - The company has paid approximately $1.3 million in tariffs through November, with ongoing costs estimated at $225,000 to $250,000 per month [9]. - The auto industry has lost around 58,000 manufacturing jobs this year, with over 15,000 of those in the automotive sector specifically [11]. Group 2: Responses from the Automotive Sector - Some manufacturers are returning to the U.S. to avoid tariffs, but the overall job loss in manufacturing raises concerns about the effectiveness of these policies [4][23]. - Stellantis, a major automotive company, initially planned to cut jobs at its Warren assembly plant but reversed this decision following the announcement of automotive tariffs, indicating a potential positive impact on job retention and expansion [13][19]. - Union representatives express optimism about the tariffs leading to new investments and job creation, with expectations of 900 new jobs linked to upcoming production shifts [17][18]. Group 3: Future Outlook and Challenges - There is a belief among some industry stakeholders that the tariffs could lead to a resurgence in American manufacturing, although the actual outcomes remain uncertain [23]. - The Supreme Court's skepticism regarding the broad authority of tariffs may pose risks to some of Trump's tariff policies, but those under Section 232, affecting manufacturers like AlphaUSA, are not directly impacted by this case [24]. - Manufacturers emphasize the importance of keeping their workforce employed and the challenges they face in expanding their operations due to financial constraints caused by tariffs [25].

Core Viewpoint - Major automakers, including General Motors, Tesla, Toyota Motor, and Ford, are advocating for the extension of a North American free trade deal, which they consider essential for American auto production [1] Group 1 - The automakers emphasize the importance of the trade deal for maintaining and enhancing their production capabilities in North America [1] - The request for the extension reflects the industry's reliance on a stable trade environment to support manufacturing and supply chains [1] - The involvement of multiple major players indicates a collective concern within the automotive industry regarding trade policies and their impact on production [1]

Core Points - President Trump has announced the termination of all trade negotiations with Canada due to a controversial advertisement that criticized U.S. tariffs, which was sponsored by Ontario [1][12] - Canadian Prime Minister Mark Carney plans to double exports to countries outside the U.S. in response to the tariffs, indicating a shift in Canada's trade strategy [2][15] - Ontario Premier Doug Ford decided to pause the advertisement campaign after discussions with Carney, aiming to resume trade talks [3][4] Trade Relations - The advertisement, which featured former President Reagan's words, was intended to spark a conversation about the economic impact of tariffs on American workers and businesses [4][6] - The Ronald Reagan Presidential Foundation criticized the ad for misrepresenting Reagan's stance on tariffs and is considering legal action [8][9] - More than 75% of Canadian exports are directed to the U.S., with approximately $3.6 billion Canadian ($2.7 billion U.S.) worth of goods crossing the border daily [15] Economic Impact - Trump's tariffs have significantly affected Canada's auto sector, particularly in Ontario, leading to production shifts, such as Stellantis moving a production line from Ontario to Illinois [19] - Ontario's government allocated $54 million (about $75 million Canadian) for the advertisement campaign, which aired across multiple U.S. television stations [6][17] - The ongoing trade tensions and tariff policies have created a challenging environment for Canadian businesses, prompting a reevaluation of trade strategies [2][14]

Core Points - President Trump has announced the termination of all trade negotiations with Canada due to a controversial advertisement that criticized U.S. tariffs, which was sponsored by Ontario [1][5] - Canadian Prime Minister Mark Carney plans to double exports to countries outside the U.S. in response to the tariffs, indicating a shift in Canada's trade strategy [2][14] - Ontario Premier Doug Ford decided to pull the ad after discussions with Carney, stating that the goal of reaching U.S. audiences had been achieved [3][4] Trade Relations - The ad in question was funded by Ontario's provincial government, not the federal government, and aimed to influence U.S. public opinion regarding tariffs [5][6] - Trump's administration has expressed long-standing frustration with Canada's trade negotiation strategies, citing a lack of flexibility from Canadian officials [12][13] - More than 75% of Canadian exports are directed to the U.S., with approximately $2.7 billion worth of goods and services crossing the border daily [14] Economic Impact - Trump's tariffs have significantly impacted Canada's auto sector, particularly in Ontario, leading to production shifts such as Stellantis moving a production line from Ontario to Illinois [18] - The Ontario government had allocated $54 million (approximately $75 million Canadian) for the advertisement campaign, which was set to air across multiple U.S. television stations [6][16] - The Ronald Reagan Presidential Foundation criticized the ad for misrepresenting Reagan's views on tariffs, indicating potential legal actions [8][11]

Trade Negotiations - The U.S. President has terminated all trade negotiations with Canada, citing the importance of tariffs to national security and the economy [3][4][10] - This decision comes ahead of a trip to Asia to meet with Chinese President Xi Jinping [1] Ronald Reagan's Legacy - A Canadian ad using a speech by Ronald Reagan from 1987 has sparked controversy, as President Trump claims it misrepresents Reagan's views on tariffs [2][3][8] - The ad selectively edited Reagan's speech, which criticized tariffs and their negative impact on American competitiveness [5][9] Current State of U.S.-Canada Relations - The White House has not provided clarity on the future of U.S.-Canada talks, which have been ongoing since earlier this month [4][11] - There is uncertainty regarding whether any scheduled meetings will proceed or if everything has been canceled [10][12]

Dr. . Singha, you say you know how important the United States Singapore relationship is. And I think you know that it's important to me as are all of our relationship with the ASEAN nations.This is not a role you can just pick up on a whim or because you think it will be glamorous or because Singapore is a great place to live. Our diplomats are dedicated. They're hard workers who represent the United States every day on the front lines anticipating crisis and providing invaluable expertise to help prevent ...