In a significant development affecting global trade and energy policy, United States President Donald Trump announced a bilateral trade agreement with Indian Prime Minister Narendra Modi following a direct telephone conversation on Monday. According to an official post shared by the US Ambassador to India on social media, the leaders discussed a range of strategic and economic issues, culminating in an accord that reduces key economic barriers between the two countries. In his publi

US President Donald Trump has intensified trade tensions with Canada by threatening to impose sweeping tariffs on Canadian-made aircraft, opening a new chapter in an already strained bilateral relationship. In a statement issued on Thursday, Trump said the United States could levy tariffs of up to 50 per cent on aircraft sold from Canada into the US market, citing what he described as Canada’s refusal to certify American-made business jets. The president also announced plans to decertify all aircraft manufactured in Canada for use in the United States, a move he said would remain in effect until Canadian regulators approve a series of jets produced by Gulfstream Aerospace. The warning was delivered through a post on Truth Social, where Trump accused Canadian authorities of erecting regulatory barriers that unfairly block American products. In his remarks, Trump singled out the Bombardier Global Express business jet, which is manufactured in Quebec, arguing that Ottawa has benefited from access to the US market while allegedly denying similar treatment to American manufacturers. He claimed Canada had “wrongfully and illegally” refused to certify the Gulfstream 500, 600, 700, and 800 models, which he described as among the most advanced aircraft in the world. According to Trump, the lack of certification effectively prevents Gulfstream from selling its jets in Canada. Trump warned that unless the situation is resolved immediately, the United States would move forward with punitive tariffs on all aircraft imported from Canada. He framed the threat as a matter of fairness and reciprocity, asserting that American companies should not face obstacles abroad while foreign competitors enjoy broad access to the US market. The aircraft dispute is the latest flashpoint in a broader deterioration of relations between the United States and Canada since Trump returned to office last year. Political and economic friction between the two long-time allies has grown steadily, with trade policy emerging as a central source of conflict. Earlier the same day as Trump’s comments, Canadian Prime Minister Mark Carney publicly urged Washington to respect Canadian sovereignty, following reports of contacts between US officials and Alberta separatist groups. Trade tensions have also been fueled by Canada’s recent diplomatic engagement with China. Trump has repeatedly warned Ottawa against deepening economic ties with Beijing, arguing that such moves could undermine US interests. He has threatened to impose tariffs as high as 100 per cent on Canadian goods if Canada proceeds with a trade agreement with China, a warning he reiterated over the weekend. In a series of earlier social media posts, Trump mocked Carney by referring to him as “Governor” and cautioned that Canada should not act as a conduit for Chinese goods entering the US market. He claimed that closer ties with Beijing would leave Canada economically vulnerable and pledged swift retaliation if such an agreement were finalized. The remarks came shortly after Carney visited Beijing, marking the first visit by a Canadian leader to China in nearly a decade. The escalating rhetoric underscores the growing uncertainty surrounding North American trade and the aerospace sector in particular. With aircraft manufacturing representing a significant industry for both countries, analysts say prolonged disputes over certification and tariffs could have far-reaching economic consequences. For now, the standoff highlights how regulatory disagreements and geopolitical concerns are increasingly shaping trade relations between Washington and Ottawa.

European Council President Antonio Costa on Tuesday said the conclusion of a comprehensive trade agreement between the European Union and India carried special personal significance for him, citing his Indian heritage and long-standing connection to the country. The agreement was announced following high-level talks in New Delhi, where Costa addressed a joint press conference alongside Indian Prime Minister Narendra Modi and European Commission President Ursula von der Leyen. Speaki

United States Treasury Secretary Scott Bessent has accused European nations of indirectly financing Russia’s war in Ukraine by purchasing refined oil products originating from Russian crude processed in India. His remarks come amid ongoing geopolitical tensions over energy trade and sanctions linked to the conflict in Eastern Europe. In an interview aired on Sunday, Bessent alleged that while European leaders publicly condemn Russia’s actions in Ukraine, their trade practices ar

India and the European Union are set to announce the conclusion of negotiations on a long-awaited free trade agreement during a high-level summit in New Delhi on January 27. Senior leaders from both sides are expected to participate in the meeting, which will focus on trade liberalisation, security cooperation and mobility arrangements for students and professionals. The conclusion of the talks marks a significant moment in bilateral relations, reflecting renewed political momentum after years of intermittent progress. Officials involved in the process have indicated that the agreement is designed to be balanced and forward-looking, aligning with the long-term economic interests of both partners. While the pact is expected to boost trade volumes, policymakers see it as a qualitative shift in India–EU engagement, strengthening cooperation across manufacturing, services, technology and sustainable development. The timing is notable, as global trade flows continue to face uncertainty amid rising tariff barriers and geopolitical tensions. Economic experts have described the agreement as a landmark step that could reshape commercial ties between the two economies. They point to strong complementarities, with India offering a large and growing market and the European Union bringing advanced technology, investment capacity and diversified demand. The efficient exchange of goods and services under the agreement is expected to enhance supply chains and open new opportunities for businesses on both sides. From India’s perspective, the trade pact reflects a strategic effort to deepen integration with major global partners while safeguarding domestic priorities. Officials confirmed that negotiations have been completed and that the agreement is undergoing final legal review. The remaining procedural steps are expected to be completed soon, paving the way for formal signing and implementation. The announcement has drawn international attention, including criticism from some quarters in the United States. A senior US official recently expressed concern over the deal, linking it to broader disputes over energy trade and tariffs. The remarks underscored differing approaches to trade policy and highlighted how the India–EU agreement fits into a complex global economic landscape shaped by competing interests and sanctions regimes. The summit in New Delhi is also expected to mark progress beyond trade. Leaders are likely to finalise a Security and Defence Partnership aimed at enhancing strategic coordination, as well as a framework to facilitate mobility for Indian students and professionals seeking opportunities in Europe. These initiatives reflect a broader effort to strengthen people-to-people ties and cooperation in emerging areas of mutual interest. Negotiations for an India–EU free trade agreement first began in 2007 but were suspended in 2013 due to differences over ambition and market access. The process was revived in 2022, following renewed political commitment on both sides to address outstanding issues and adapt the talks to changing global conditions. The European Union remains India’s largest trading partner, accounting for a significant share of the country’s total trade in goods and services. With the conclusion of the free trade negotiations, both sides are positioning the agreement as a cornerstone of their economic relationship, one that could provide stability and growth amid an evolving global trade environment.

United States Secretary of State Marco Rubio extended greetings to India on the occasion of its Republic Day, underscoring the importance of the bilateral partnership and highlighting areas of close cooperation between the two countries. In his message, Rubio emphasized that sustained engagement across strategic sectors continues to yield tangible outcomes for both nations and the broader Indo-Pacific region. Rubio described the relationship as a historic bond strengthened by collab

The European Parliament has suspended its work on a proposed trade agreement between the European Union and the United States, citing escalating political pressure from US President

United States President Donald Trump on Wednesday expressed strong optimism about the future of India–US trade relations, indicating that discussions between the two countries were moving in a positive direction. Speaking about the ongoing trade negotiations, Trump highlighted his confidence that both sides would be able to arrive at a mutually beneficial agreement, underlining the importance of c

Global geopolitics is witnessing a major shift as India positions itself for what is being described as the “Mother of All Trade Deals” with the European Union. This development comes at a time when United States President Donald Trump has intensified tariff pressures and sanctions on several nations, including India. These aggressive trade policies have forced multiple global powers to rethink their economic alliances, creating fresh opportunities for India on the international stage.

Global financial markets moved sharply lower Tuesday as renewed political tensions between the United States and Europe triggered a broad sell America trade, prompting investors to reduce exposure to U.S. assets. The shift came after President Donald Trump escalated rhetoric surrounding Greenland and proposed new tariffs targeting several European countries, reviving fears of a widening trade conflict and long-term economic fallout. U.S. bond prices fell steeply, pushing Treasury yi

European Union lawmakers have decided to postpone the ratification of a recently concluded trade agreement with the United States following new tariff threats issued by President Donald Trump in connection with Greenland. The European Parliament, the bloc’s main political institution, had been scheduled to vote in the coming week on measures that would remove tariffs on selected US exports under the agreement. That plan has now been put on hold as tensions between Washington and several Eur

US President Donald Trump has declined to address whether his administration would consider the use of force to acquire Greenland, responding with a brief refusal when asked during a telephone interview with NBC News. Pressed on the issue, Trump said only “no comment,” leaving unresolved questions about the seriousness of previous remarks regarding the strategically important Arctic territory. During the interview, Trump reiterated his willingness to impose tariffs on European n

US President Donald Trump on Friday renewed his push for greater American control over Greenland, warning that countries opposing the idea could face economic consequences. Speaking at a White House event, Trump said he was prepared to use tariffs as leverage against nations that do not support what he described as a national security necessity for the United States. His remarks underscored a continued escalation in rhetoric surrounding the strategically important Arctic territory, which is a

China and Canada have announced a significant reduction in tariffs and signalled a broader reset in their bilateral relationship following high-level talks in Beijing, marking a notable shift after years of strained diplomatic and trade ties. The agreement was confirmed after a meeting on Friday between Chinese President Xi Jinping and Canadian Prime Minister Mark Carney, the first Canadian leader to visit China in nearly a decade. Under the deal, China is expected to reduce tariffs on Canad

China’s record-breaking trade surplus is increasingly reshaping global financial markets as export earnings that once accumulated primarily in state reserves are now being redirected into private investments overseas. The shift marks a notable departure from Beijing’s traditionally centralized management of foreign exchange inflows and introduces new dynamics into global capital movements at a time of heightened sensitivity over trade imbalances and financial stability. Last yea

Amid ongoing geopolitical tensions, trade disputes, and armed conflicts across multiple regions, China quietly achieved two major economic milestones in 2025, underscoring its continued influence over global manufacturing and trade. Official data released this month shows that the country recorded the largest annual trade surplus in its history while further consolidating its position as the world’s leading automobile producer and seller. These achievements came despite persistent pressures

External Affairs Minister S Jaishankar on Tuesday said he held a constructive and wide-ranging discussion with United States Secretary of State Marco Rubio, focusing on key areas of bilateral and strategic cooperation between the two countries. The conversation reflected the ongoing engagement between New Delhi and Washington as both sides continue to strengthen ties across multiple sectors of mutual interest. In a message shared on social media platform X, Jaishankar described the interaction as a “good conversation,” noting that the talks covered important subjects including trade, critical minerals, nuclear cooperation, defence collaboration and energy security. These areas have emerged as central pillars of the evolving India-US partnership, particularly in the context of shifting global economic and geopolitical dynamics. The discussion on trade and economic engagement comes at a time when both countries are exploring ways to deepen supply chain resilience and expand market access. Cooperation on critical minerals has gained added importance amid global efforts to secure resources essential for advanced manufacturing, clean energy technologies and strategic industries. Nuclear cooperation and defence ties were also part of the agenda, underscoring the growing convergence in security interests and technological collaboration. Energy cooperation featured prominently in the talks, reflecting shared priorities related to energy security, sustainability and long-term growth. India and the United States have increasingly worked together on conventional and clean energy initiatives, including efforts to address climate challenges while meeting rising energy demands. Jaishankar said both sides agreed to remain in close touch on these and other issues, signalling continuity in diplomatic engagement and policy coordination. The exchange highlights the emphasis placed by both governments on maintaining regular dialogue to address global challenges, regional stability and economic opportunities. The conversation forms part of ongoing diplomatic efforts to reinforce the strategic partnership between India and the United States, which continues to expand across political, economic and security domains.

Sergio Gor formally assumed charge as the United States Ambassador to India on Monday, marking the beginning of a new diplomatic chapter between the two countries. Speaking shortly after taking office, Gor described the relationship between India and the United States as the most consequential global partnership of the century, underlining its growing importance across economic, strategic, and technological domains. He confirmed that fresh trade negotiations between the two sides are schedule

The United States considers India its most essential international partner, US ambassador-designate Sergio Gor said on Monday, as Washington and New Delhi prepare to restart a new round of trade negotiations beginning Tuesday, January 12. Speaking at the US Embassy in New Delhi, Gor underlined the depth of the bilateral relationship and expressed confidence that both sides could overcome existing challenges to advance cooperation across multiple sectors. Gor, who also serves as Spec

The Supreme Court did not issue a decision Friday on the legality of broad tariffs imposed during President Donald Trump’s administration, extending uncertainty for financial markets and trade policy observers who have been closely watching the case for its potential economic and fiscal implications. Expectations had grown that the ruling might be released before the end of the week, but the court issued only a single opinion on Friday, unrelated to tariffs or trade authority. The