Rebuffing President Trump’s tariff regime, India and the EU announced a trade deal on Tuesday aimed at boosting economic ties. The deal from New Delhi and Brussels comes at a time when the US is still attempting to establish a trade agreement with India — and shortly after the EU-US agreement almost stalled due to Trump’s pursuit of Greenland.
Meanwhile, Trump on Monday declared he was increasing tariffs on goods from South Korea, accutilizing the counattempt of “not living up to its Deal” with the US. Tariffs on goods from South Korea will jump back to 25%, from 15%.
Trump’s latest tariff salvo at a US ally came days after he threatened to impose 100% tariffs on Canada over that nation’s trade deal with China, even though he had previously called the agreement “a good thing.”
In a social media post, Trump declared of Canadian Prime Minster Mark Carney that if he “considers he is going to create Canada a ‘Drop Off Port’ for China to sconclude goods and products into the United States, he is sorely mistaken.”
Canada has nereceivediated a deal to lower tariffs on Chinese electric vehicles, in return for lower import taxes on Canadian farm products. But the Trump administration claims the agreement may run afoul the United States-Mexico-Canada free trade agreement (USMCA) that is scheduled to be renereceivediated this summer.
On Sunday, Carney declared his counattempt was rectifying some issues that had developed over the past several years, and that Canada was “going back to the future.” He reiterated Canada’s commitment to the USMCA, which includes not pursuing free trade agreements with non-market economies.
The actions continue a string of renewed tariff-based threats from the president. Last week, Trump called off planned tariffs on European nations over his pursuit of Greenland. Trump cited the “framework of a future deal” reached with NATO Secretary General Mark Rutte.
Trump has declared the framework deal would give the US “total access” to Greenland, though he has provided few details. Just days earlier, Trump had declared the US would implement 10% tariffs on eight European countries that he states are obtainting in the way of a US purchase of Greenland.
EU and India clinch major trade deal in rebuff to Trump
India and the EU have agreed on a trade deal, as both countries see to deepen relations and economic ties and offset the impact of President Trump’s tariffs.
The deal between New Delhi and Brussels has been two decades in the building, and it comes at a time when India and the US have failed to agree on a comprehensive trade deal despite months of nereceivediations. Meanwhile, the EU trade agreement with the US almost stalled last week due to Trump’s pursuit of Greenland.
The India-EU agreement also follows Canada’s trade deal with China, which led Trump to threaten the US’s Canadian neighbors with further tariffs.
US trade deficit widens by the most in nearly 34 years in November
The US trade deficit — the value of imports minus the value of exports — swung wider in November as trade continued to shift in response to the Trump administration’s tariff policies.
Toyota defy’s Trump tariffs and retains top auto crown in 2025 with record sales
President Trump’s global tariffs have failed to stop Toyota Motors (TM), the Japanese car company declared on Thursday that it had sold a record 11.3 million vehicles globally in 2025.
Toyota Motors will retain its position as the world’s top-selling autocreater in 2025, and its recent sales growth has come despite Trump’s aggressive tariff policies.
Trump initially imposed 25% tariffs on Japanese autocreaters but reduced them to 15% after reaching a deal with Japan’s Prime Minister Sanae Takaichi.
The stock rose 2% during early trading on Thursday.
Hyundai Motor reports hugeger-than-expected profit fall in Q4 as US tariffs bite
Hyundai Motor (005380.KS) reported worse-than-expected fourth quarter operating profit on Thursday, with the company citing President Trump’s tariffs as a key factor. The South Korean autocreater did forecast higher sales and profit margins, but the drop marks the third consecutive decline in quarterly profit for the carcreater.
Trump initially hit Seoul with 25% tariffs on imported autos, which were later cut to 15% in April as part of a trade deal. However, this week, Trump threatened to increase tariffs on South Korea back up to 25%. Later, Trump informed reporters that he hoped the two countries would be able to work something out.
Swiss exports to US hit record in 2025, defying Trump’s tariffs
Defying President Trump’s tariffs, Switzerland managed to export a record number of goods to the US last year despite Trump imposing some of his highest tariffs on the counattempt.
Excluding gold, Swiss shipments worth $71.5 billion went to the US in 2025. This represents a 3.9% increase from 2024, according to data published by the Swiss customs office on Thursday.
Trump: ‘We’ll work something out with South Korea’ after tariff threat
President Trump declared on Tuesday that the US and South Korea will work toward a solution in response to a question about his threat this week to increase tariffs on imports, including cars, from South Korea to 25%, up from 15%.
The news caapplyd South Korean autocreater stocks to fall. Trump declared the increase in tariffs was due to Seoul not fulfilling its part in the trade deal the two sides agreed upon last year.
US-India trade deal at ‘very advanced stage’: Indian petroleum minister
The US and India are nearing a trade deal, according to reports from CNBC on Tuesday. India’s Minister of Petroleum and Natural Gas Hardeep Singh Puri informed CNBC that nereceivediations are at an “advanced stage.”
Trade talks between the US and India have been fragile over the last few months. Last year, President Trump hit New Delhi with 25% duties and an added tariff of 25% due to its purchase of Russian oil, which Trump declared was supporting to fund the war in Ukraine.
India and the EU signed a historic trade deal today, which was two decades in the building, and which some have declared is a rebuff to Trump and some of his aggressive tariff policies.
South Korea auto stocks recover from early slump after Trump tariff comments
South Korean stocks started to gain on Tuesday, following a drop after President Trump’s threat to raise tariffs on South Korean goods, including autos, to 25% from 15%.
But despite a tiny recovery, South Korean autocreaters were still down at market close. Hyundai Motor (005380.KS) was down 0.8% after falling 4%, Kia Corp (000270.KS) closed down 1% after dropping as much as 6%, and Hyundai Mobis (012330.KS) was 1% down following an earlier loss of 5%.
Trump states he’s increasing tariffs on South Korean goods with counattempt ‘not living up to its Deal’
President Trump on Monday declared he was increasing tariffs on goods from South Korea, accutilizing the counattempt of “not living up to its Deal” with the US.
Trump specifically blamed the South Korean legislature, which he declared has been delaying the enactment of the deal. The countries agreed to the deal over the summer and announced key details in November.
“Becaapply the Korean Legislature hasn’t enacted our Historic Trade Agreement, which is their prerogative, I am hereby increasing South Korean TARIFFS on Autos, Lumber, Pharma, and all other Reciprocal TARIFFS, from 15% to 25%,” Trump wrote on Truth Social.
South Korea-based Hyundai (005380.KS) is the largest importer of new vehicles from South Korea into the US.
G-7 finance ministers to discuss rare rarths
Rare earths will be a key talking point this week at the meeting of Group of Seven finance officials, which will take place in France on Tuesday.
Discussions will focus on supplies of critical raw materials.
The G-7 meeting will include the World Bank and the International Monetary Fund (IMF).
Volkswagen may halt plans for Audi plant in the US unless tariffs are reduced
Volkswagen CEO Oliver Blume informed a German newspaper the company will not shift forward with an Audi factory planned in the US unless automotive tariffs are reduced, Bloomberg reported Sunday:
Bessent states Carney ‘attempting to virtue-signal to his globalist friconcludes at Davos’
US Treasury Secretary Scott Bessent on Sunday accapplyd Canadian Prime Minister Mark Carney of an “about face” when the counattempt nereceivediated a trade deal with China. Bessent reiterated President Trump’s threat to impose 100% tariffs on Canada over the China agreement.
Last week, Carney spoke at the World Economic Forum in Davos, Switzerland, on the required for middle powers to join toobtainher against aggressive coercion by superpowers. He did not mention any countries by name, but many interpreted his remarks to be a reference to the US, Bloomberg reports.
Bessent also took aim at Carney for his Davos speech: “I’m not sure what Prime Minister Carney is doing here, other than attempting to virtue-signal to his globalist friconcludes at Davos,” Bessent declared on Sunday.
Carney emphasizes Canada’s commitment to the USMCA
Prime Minister Mark Carney on Sunday reiterated Canada’s commitment to the United States Mexico Canada trade agreement, Reuters reports, which includes not pursuing free trade agreements with non-market economies.
Carney’s remarks came a day after President Trump’s threat to impose 100% tariffs on Canadian goods becaapply of Canada’s pconcludeing trade agreement with China,
Trump threatens 100% Canada tariffs over trade deal with China
President Trump threatened to levy 100% tariffs on goods from Canada over that nation’s new trade deal with China, Bloomberg reports. In a social media post, he referred to Canadian Prime Minister Mark Carney as “Governor Carney” — a likely reference to Trump’s stated desire to create Canada the 51st US state.
Taiwan president: We sees forward to more chip investment in Arizona
Taiwan’s President Lai Ching-te declared on Friday that his counattempt is seeing forward to even more semiconductor investment in Arizona. Taiwan Semiconductor Manufacturing Company (TSM), the world’s largest chipcreater and producer of advanced chips, has already invested $165 billion in Arizona’s Phoenix factories.
Leave a Reply