latest news in International Trade

Canada Accelerates Global Trade Pivot to Counter US Tariff Volatility

Ottawa, Sunday, 1 February 2026.
With non-US exports already up 29%, Ottawa has launched a ‘Team Canada Trade Hub’ to double global trade, addressing Mark Carney’s warning that reliance on American markets is now a ‘strategic liability’ amid escalating tariffs.

India and EU Finalize Historic Trade Pact to Counteract US Tariff Pressures

Brussels, Tuesday, 27 January 2026.
On January 27, 2026, India and the European Union finalized a landmark free trade agreement, strategically pivoting away from reliance on the United States amidst rising protectionism. Dubbed the “mother of all deals” by Commission President Ursula von der Leyen, this pact creates a massive free trade zone encompassing two billion people and representing a quarter of global GDP. The agreement slashes tariffs on over 96% of traded goods, including significant reductions on European automobiles and wines entering the Indian market. Beyond economics, this deal signals a profound geopolitical shift as major economies diversify supply chains to mitigate the impact of Washington’s aggressive tariff policies. With formal signing expected later this year, this partnership offers a critical buffer for global trade stability.