Trump’s Japan Trade Deal
Digest more
Under the FTA, 75,000 Indian workers would be exempted from UK social security payments for a period of 3 years. Indians working as chefs, yoga instructors, and musicians, as well as business visitors, would benefit from the exemption.
The U.S. and China have reached an agreement — again — to deescalate trade tensions. China is making it easier for U.S. companies crucial magnets and rare earths materials.
India's new trade agreement with the UK marks a significant shift in its government procurement policy, allowing British firms extensive access to contracts. Seen as a move away from domestic industrial focus,
The agreements have been overshadowed by U.S. firms issuing warnings about how the tariffs will affect their bottom lines and prolong uncertainty in the U.S. economy.
Wall Street climbed Wednesday after President Donald Trump reached a trade deal with Japan and hopes rose for more agreements by August 1.
He is raising tariffs on some of America’s most important trading partners, and the world is largely cheering the agreements as victories.
Nearly every member of the European Union supports a plan to hit back against President Trump’s tariffs if no agreement is reached.
The European Union is currently negotiating a deal in which its products imported into the U.S. are tariffed at a 15% rate. That would be well below the 30% rate President Donald Trump announced earlier this month in a letter to the 27-member bloc.