NEW TARIFFS
North Carolina is one of the midterm states to watch in 2026, with an open Senate seat that could help decide who controls the chamber
North Carolina's upcoming Senate election features Democrat Roy Cooper against Republican Michael Whatley in a highly competitive environment. The election is significant as it could influence party control in the Senate, where Democrats need to gain seats. Hurricane recovery from Hurricane Helene also plays a crucial role in shaping the candidates' campaigns and public opinion. Fundraising efforts have already reached substantial amounts, indicating an expensive race ahead.
Explainer: Why have India-US trade talks stalled again and what's next?
Amid rising tariffs and geopolitical tensions, trade negotiations between India and the United States have reached an impasse. The US has voiced concerns over India's ongoing acquisition of Russian oil, which could trigger higher tariffs. India aims to safeguard its vital agricultural sectors during talks while advocating for enhanced export conditions. Future discussions, particularly with Secretary of State Marco Rubio's upcoming visit, may provide an opportunity for resolution.
India-US trade deal talks may have reached a ‘plateau’, further concessions difficult: Nirmala Sitharaman
During a recent briefing, India's Finance Minister Nirmala Sitharaman announced that talks regarding a trade pact with the US are currently stalled. While she sees some room for advancement, she pointed out the complexities involved in making further concessions. The dialogue also encompasses the trade deficit issues with both the US and China.
Sitharaman sees a ‘plateau’, but India-US trade deal may not be at a dead end yet: GTRI
As India and the US engage in talks for a bilateral trade deal, uncertainties loom over tariff treatments. Finance Minister Nirmala Sitharaman mentioned that the scope for concessions is limited, indicating a plateau. Ajay Srivastava from GTRI cautioned against making unilateral concessions, stressing that additional tariffs might complicate trade relations. An effectively designed interim agreement is crucial for ensuring substantial benefits for India.
'I'm in no rush': Trump leaves US-Canada trade talks in limbo
US President Donald Trump has said that he is not rushing to resume trade negotiations with Canada. He insisted that any future agreement requires Canada to approach these talks with honesty. Following the breakdown of negotiations in August, significant tariffs have been imposed by both countries. The dispute currently affects the United States-Mexico-Canada Agreement concerning North American trade.
Separatist Parti Quebecois wins Quebec election, puts independence back on agenda
The Parti Quebecois has regained power in Quebec's provincial election, ending eight years of Coalition Avenir Quebec rule. Paul St-Pierre Plamondon's victory raises questions about Quebec's future in Canada and includes plans for another independence referendum. Despite this win, support for separation remains low, around 30%, reflecting a divided political system. Prime Minister Mark Carney's popularity in Quebec suggests that the separatist sentiment is not widespread.
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India-US trade talks hit a plateau, with little room left to give or take, says Finance Minister Nirmala Sitharaman
India and the US are currently negotiating a trade agreement aimed at expanding market access and addressing trade balance concerns. Finance Minister Nirmala Sitharaman mentioned that both sides appear to have reached a plateau in negotiations. She indicated that further concessions may be challenging following rigorous discussions. Despite this, she believes there could be opportunities for additional negotiations. The US is particularly focused on reducing its trade deficit with India.
Opportunity alone doesn’t create trade. Connectivity does
BRICS 2026 has built momentum. The next chapter will depend on how effectively agreements are matched by the corridors, infrastructure, technology, and systems needed to move goods reliably, with alternatives when disruptions occur.
GVC integration, supply chain resilience, FTAs key to boost exports, high-end manufacturing: Deloitte India
India needs deeper integration into global value chains, lower logistics costs and better use of free trade agreements to boost exports and move into higher-value manufacturing, according to Deloitte India. It also called for stronger supply-chain resilience, tariff rationalisation and greater support for MSMEs facing trade-finance, compliance and currency risks.
Russian crude to remain part of energy mix: Jaishankar to Panel
As traditional oil suppliers face challenges, India's significant reliance on Russia for crude oil came into focus. External Affairs Minister S. Jaishankar highlighted the critical nature of sustaining robust relations with Moscow, amid growing external pressures. During their discussions, delegates examined strategies for diplomatic conflict resolution regarding Ukraine while also addressing concerns over impending US tariffs on Russian imports, demonstrating India's commitment to both energy security and international diplomacy.
Germany's Bayer to invest $2.2 billion in US pharma site
Bayer has announced a significant investment of $2.2 billion to establish a new pharmaceutical site in New Albany, Ohio. This project follows over $7 billion in investments by Bayer in US pharmaceutical research and development. The facility aims to focus on critical areas including cancer, heart, and kidney care. It is expected to create around 600 permanent jobs and 1,500 construction jobs during its development.
Sanctions, tariffs turn into policy instruments, sometimes weaponised: P K Mishra
P K Mishra highlighted the impact of geopolitical tensions on global markets and economic vulnerabilities. He mentioned that India is diversifying its energy imports to reduce vulnerabilities and ensure economic stability. The need for macroeconomic resilience through fiscal space and adequate foreign reserves was also emphasised. Mishra pointed out the importance of critical minerals for the future of advanced manufacturing and sustainability.
Government extends RoDTEP export tax refund scheme by three months till December 31
The government has extended the RoDTEP scheme until December 31, 2026, to support exporters amid challenges. This extension maintains the existing reimbursement rates and value caps for various export units. The RoDTEP scheme reimburses taxes and duties that are not refunded through other means, helping ease export costs. It has already covered over 10,700 tariff lines, with substantial disbursements made.
Donald Trump approval ratings fall to alarming level ahead of November 2026 US midterm elections: Only 17 per cent of American adults now approve Republican President
Donald Trump approval ratings: Only 17 per cent of U.S. adults approve of the Republican president's handling of the cost of living. Just 26 per cent approve of his handling of the economy overall, marking a new low.
Most Americans blame Trump for high prices as his economic approval hits new low, AP-NORC poll shows
A recent survey reveals that a rising number of Americans are unhappy with how Trump is managing the economy and increasing prices. Citizens attribute the high cost of living to his policies, creating worries about affording essential items. Approval ratings for Trump's economic strategies have plummeted, leading to disappointment even among Republicans.
Cabinet gives green signal to Green Energy Corridor III
The Cabinet has approved a scheme with a project outlay of ₹1.86 lakh crore to enhance green energy transmission. This initiative includes financial support of ₹54,082 crore for developing infrastructure and battery storage. The Green Energy Corridor phase III aims to evacuate 135 GW of renewable energy and build 50 GWh of battery storage. Transmission service providers will construct and manage the new lines through competitive bidding systems.
Broadcast industry seeks TRAI NTO impact review as media landscape shifts
Industry executives are calling for TRAI to reassess the New Tariff Order's impact on media regulations. They emphasize the need for lighter, principles-based regulations in response to the shift towards digital platforms. The television industry has seen improved revenues, yet there is a noted migration of viewers to OTT services. Regulators are encouraged to provide flexibility for companies to innovate product offerings.
Greer urges G20 to back Trump tariff agenda, takes aim at China
US Trade Representative Jamieson Greer urged G20 major economies to refrain from coercive food trade actions. He emphasized the need to tackle industrial overcapacity and reassess the existing tariff system. Greer highlighted concerns regarding China's industrial policies contributing to excess capacity in global markets. Discussions among G20 members included potential tariffs on steel from countries with overproduction issues.
India, New Zealand trade pact to boost agri, processed food exports: TPCI
Starting on October 20, the free trade agreement between India and New Zealand is set to boost bilateral commerce. This agreement will significantly lower tariffs on various Indian agricultural exports, such as processed foods and spices.
PM Modi and Trump hold first telephonic talks since Russia sanctions law; discuss trade, defence
Prime Minister Narendra Modi and US President Donald Trump have agreed to maintain close engagement to advance the India-US Comprehensive Global Strategic Partnership, Modi said on X. The leaders reviewed cooperation in trade, defence, energy and critical technologies, while also discussing regional and international issues and efforts to advance global peace and security.
FIIs dump telecom for 8th straight month, outflows cross Rs 32,000 crore. Are stocks set for rebound?
Foreign portfolio investors have dumped Indian telecom stocks for the eighth consecutive month, pulling out over Rs 32,000 crore in CY26. Heavy 5G capex, delayed tariff hikes, and legal dues weigh on cash flows, leaving market participants questioning if a stock rebound is near.
US to factor trade-deal tariff caps into new duties on excess capacity
US Trade Representative Jamieson Greer emphasized the administration's focus on tariff caps during ongoing investigations. Excess industrial capacity, especially in China, remains a key concern for the US government. Greer indicated that trade agreements play a significant role in managing these issues effectively. The Group of 20 is also addressing China's production policies and seeking reforms through collaboration.
Happy Hours! UK trade pact brings scotch prices down in India
Scotch prices in India have decreased significantly for the first time following the India-UK free trade agreement. Major brands like Johnnie Walker Black Label and J&B are experiencing price reductions in various states. The agreement has halved the tariff on British whisky, leading to these lower prices. Companies are working to submit proposals for price adjustments in other regions as well.
Why is your $1,390 IRS payment missing? What Americans need to know about the payment rumor and Trump’s $2,000 tariff dividend
IRS relief payment and $2,000 tariff dividend: Rumors of a new federal stimulus check are circulating online again. Digital posts and unsolicited text messages claim the IRS is preparing a $1,390 direct deposit for taxpayers. The claim is a complete fabrication. The federal government is not issuing direct deposit relief payments for the remainder of 2025, and no such program is scheduled for 2026.
From motorcycles to booze, US ban on $1 billion worth of Canadian imports goes into effect
The United States of America has banned nearly $1 billion worth of Canadian imports, which includes alcoholic beverages, dairy products and motorcycles. The move comes as a rebuttal against Canada's retaliatory tarriffs against previous American tarriffs on Canadian goods. Candian Prime Minister Mark Carney is rapidly pushing for new trade partnerships.
US bans select Canadian products: Full list of alcohol, dairy, and motorcycle imports affected
New US import restrictions on Canadian goods came into effect on September 29. The measures target selected alcoholic beverages, whey and other dairy-related products, molasses and certain motorcycles. The restrictions are part of a wider trade dispute between the two countries.
Gems, jewellery exporters rush to beat new US tariff deadline
Mumbai and Surat’s gems and jewellery exporters are stepping up production and rushing shipments to the US ahead of a potential new tariff deadline in October. Units in Mumbai’s SEEPZ and Surat’s diamond-cutting hub have extended working hours to clear Christmas and holiday-season orders before October 16, amid uncertainty over possible duties under the Sanctioning Russia and Iran Act.
China, US slash tariffs on USD 30 billion on imports: Chinese Commerce Ministry
In a significant development, China and the United States have finalized ten key outcomes during their recent economic and trade discussions. Among these, both nations agreed to implement reciprocal tariff reductions valued at USD 30 billion on each other's imports.
China is building a new rulebook for dealing with the US — tariffs are only the beginning of a much broader reset
China and the United States have established a reciprocal framework for tariff reductions on approximately $30 billion of goods from each side. They created two new boards to facilitate trading and investment discussions as a means of ongoing economic cooperation. Additionally, a dedicated dialogue on artificial intelligence (AI) issues has been initiated between the two nations. The Kuala Lumpur trade arrangement has also been extended for further negotiations.
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