TARIFF RETALIATION
Trump set for midterm test: What's in store for India, Iran, Ukraine after November 4?
US midterm election 2026: American voters' sentiments about rising prices could affect Trump's standing in trade discussions. Congressional control will determine the scrutiny over Trump's actions regarding Iran and Ukraine. India will, however, continue navigating uncertainties in trade relations regardless of the election results.
Canadian Prime Minister Carney reports progress in trade talks with Trump days before US midterms
Canadian Prime Minister Mark Carney reported a productive discussion regarding a potential trade deal with U.S. President Donald Trump. The conversation aimed to create jobs, lower family costs, and protect Canadian sovereignty. Negotiators from both sides will continue working over the coming weeks toward an agreement. Trade relations remain tense as discussions include U.S. tariffs on Canadian steel and automobiles.
G20 foreign ministers to end Atlanta meeting without consensus on key issues
Top diplomats from the G20 nations met in Atlanta, discussing critical global security issues without consensus. Significant divisions arose, particularly regarding Russia's war with Ukraine and the Iran conflict. Instead of a joint communique, a chairman's statement will summarize their discussions. Participants hoped to make the upcoming G20 leaders summit in Florida a success despite disagreements. U.S. Secretary of State Marco Rubio emphasized the need for unity during the conversations.
G20 diplomats, including from China and Russia, face deep rifts as they prepare to meet in Atlanta
Top diplomats from the G20 nations are convening in Atlanta to discuss pressing global issues. Key topics include regional conflicts and trade tensions affecting international security. U.S. Secretary of State Marco Rubio aims to facilitate cooperation among member countries. However, deep divisions are evident, especially regarding military actions and the Ukraine situation. This meeting serves as a precursor to the upcoming G20 summit hosted by President Trump.
3 Warning Signs Your Supplier Is in Distress
Suppliers to multinational corporations are under growing pressure from tariffs, logistics disruptions, compliance demands, and repeated global shocks, yet many buyers still rely on conventional indicators—audits passed, orders filled, service levels met—that can obscure deeper distress. Supplier weakness often appears first not as outright failure but as a gradual retreat: range thinning, when suppliers stop investing in innovation and improvements; descaling, when they reduce capacity, defer upgrades, or lose resilience; and withdrawal, when they quietly stop bidding, decline complex work, or exit parts of the network. By assessing supplier health across innovation, investment, capability, service resilience, commercial participation, and network position, executives can detect early warning signs before a valued partner disappears. The right response depends on the stage of distress: protect innovation through cost-sharing and co-investment, protect capability through operational support and simpler governance, and protect optionality through targeted retention plans and stronger supplier voice mechanisms.
'2026 resembles 1991': CEA Nageswaran says India is at a critical economic inflection point
Chief Economic Advisor V Anantha Nageswaran emphasized that 2025-26 could be a significant inflection point for India's economy. He mentioned the challenges posed by global shocks and supply-side disruptions in recent years. The reliance on imported crude oil adds to India's vulnerability to fluctuating international energy prices. Strengthening resilience to external disruptions is crucial for managing such risks effectively.
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US weighs lifting 50% tariffs on some Canadian goods to help Susan Collins win re-election: Report
The United States is expected to withdraw 50% tariffs on certain Canadian goods to assist Republicans. This decision is likely to be announced soon, potentially influencing the midterm elections. Maine Senator Susan Collins has advocated for relief from tariffs affecting her state’s economy. Competitive candidates in trade-dependent states may benefit from the proposed changes in tariffs. The future adjustments aim to mitigate the impact of Trump's trade war with Canada.
Carney says Trump's tariffs hurt Americans as US alleges Canadian interference
Canadian Prime Minister Mark Carney outlined a significant financial plan for supporting manufacturing in Ontario. This strategy includes billions to assist steelmakers, automakers, and critical mineral development. Carney emphasized that U.S. tariffs have negatively impacted trade relations and increased costs for American consumers. Ontario Premier Doug Ford stated that the diplomatic relationship with the U.S. has permanently changed.
Europe’s last penicillin plant faces a bitter fight against China’s cheaper drugs
The Sandoz penicillin plant in Kundl, Austria, is under threat from cheaper Chinese antibiotic production. European healthcare programs benefit from the lower prices, which could jeopardize self-sufficiency. China's share of the EU penicillins market has rapidly increased in recent years. European policymakers are becoming increasingly concerned about reliance on China for essential medicines. The current dynamics highlight the significant trade challenges facing European pharmaceutical manufacturers.
Trump waives Russia sanctions, easing India’s energy concerns as US trade deal nears
US President Donald Trump waived key Russian sanctions which may enhance trade relations with India. This decision is expected to provide negotiating space for a potential trade deal. India, one of the largest importers of Russian oil, faces challenges due to declining imports. Secretary of State Marco Rubio is visiting India to discuss cooperation on this matter. The waiver could help India secure more favorable tariffs while stabilizing energy policies.
Trump’s 100% Russian oil tariff U-turn has a catch India can’t ignore
GTRI has warned that Donald Trump’s waiver of threatened 100% tariffs on Russian oil buyers offers India only temporary relief, as Washington can reinstate the duties at any time. The think tank cited US purchases of Russian diesel, tariff protection for China and ongoing India-US trade talks as possible reasons for the move. It also urged New Delhi to protect its energy security and avoid permanent trade concessions in exchange for reversible tariff relief.
'Trump may Finalise Russia Sanctions Law in 10 Days': Sergio Gor
US President Donald Trump will decide on the Sanctioning Russia and Iran Act affecting India's oil purchases. The US ambassador indicated that discussions would continue during Secretary of State Marco Rubio's upcoming visit. India has expressed concerns that tariffs could harm bilateral relations amidst ongoing trade negotiations. While progress has been made, remaining issues need resolution before a trade deal can be finalized.
Catch a bully by its horns: How India can turn the latest round of US visa curbs affecting Indian techies to its advantage
Visa restrictions imposed by the US on Indian IT companies may impact individuals working on temporary visas. Many Indian workers may now have to return to India due to these restrictions. Despite these challenges, returnees present opportunities for India in emerging technologies and industries. Additionally, India's relationship with the US requires strategic actions to maintain balance in trade and diplomacy.
Trump has learnt his India lesson the hard way. Will he own up?
Donald Trump, who imposed an additional 25% tariff on Indian imports to pressure New Delhi to stop buying Russian oil, has agreed to bring Russian diesel into global markets as US fuel prices rise ahead of the November 3 midterm elections.
Will EU press the ‘kill switch’ on China? Trade war looms over talks
EU officials are raising alarms over the escalating trade deficits with China, exceeding one billion euros on a daily basis. The spike in Chinese hybrid-car exports underscores possible gaps in EU tariff policies. Although talks are underway, China shows little willingness to engage in voluntary export restrictions for select products. EU leaders are now considering a 'kill switch' mechanism.
Canadians are paying more for their daily protein shake as whey prices soar amid trade war with US, but is there any relief in sight?
In Canada, the surge in whey protein prices can be attributed to a spike in global demand alongside decreasing availability. The situation is worsened by import tariffs from the U.S. that challenge consumers and businesses alike to adapt. A growing number of individuals are turning to whole foods or plant-based alternatives, prompting manufacturers to revise their pricing tactics. Analysts predict that elevated prices will persist over time.
EU, China to hold Beijing talks this week to avert trade war
EU trade chief Maros Sefcovic is set to visit Beijing for crucial discussions regarding trade relations. As European leaders express concerns about unfair competition from Chinese industries, a potential trade war looms. The EU aims to reduce its significant trade deficit with China, which reached around 360 billion euros last year. Sefcovic seeks action on export surges from China and plans to enhance EU's trade defense measures.
Mark Carney stood up to Trump. Now Nobel Prize and Time honours are in the conversation
Mark Carney has gained prominence in 2026 through his confrontational approach towards Donald Trump over trade issues. His rising international profile has resulted in speculation regarding the potential for him to receive the Nobel Peace Prize. As the prize announcement date approaches, prediction markets indicate fluctuating chances for Carney's likelihood of winning. In addition to the Nobel discussions, he is also a contender for Time's Person of the Year.
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.
How Trump's diplomatic week exposed the limits of his power
US President Donald Trump sought to project diplomatic strength through his UN address and summit with Chinese President Xi Jinping, but the week produced limited breakthroughs. The Iran war, strained ties with allies, Ukraine and the US-China relationship continue to challenge his foreign policy agenda, according to Reuters and analysts.
Canada has prepared for the unthinkable: A military attack by the US
Canadian Prime Minister Mark Carney recently suggested that the possibility of a US military attack is minimal. He emphasized responsibility in assessing extreme and improbable risks while preparing for them. Carney's remarks indicate a growing mistrust in the US and a shift in Canadian defense strategy. Canada seeks to diversify its dependencies and strengthen ties with Europe amidst increasing pressures.
'Busan Agreement' explained: What the US-China trade truce means for world trade
US Treasury Secretary Scott Bessent announced the extension of the Busan Agreement until January 10, 2027. This extension allows both sides more time to negotiate without facing immediate tariff threats. The Busan Agreement was initially established to ease trade tensions between the US and China last year. Key areas of focus include agriculture and non-tariff barriers that require further discussion.
Key issues for this week's Trump-Xi summit in Washington
President Trump welcomes Chinese leader Xi Jinping for crucial talks this week. They seek stability in a relationship strained by trade and global issues. Key discussions will focus on trade tariffs and potential agricultural deals. Taiwan's status and China's role in Iran's economy are also on the agenda. Artificial intelligence cooperation and competition will be another significant topic.
US' nips at Moscow may sour India ties
India voices strong opposition to potential US tariffs on Russian oil imports. This move could negatively impact India-US relations and global energy supplies. New Delhi emphasizes its commitment to ensuring energy security for its citizens. Discussions on this issue are expected during upcoming high-level diplomatic meetings. India will protect its trade and economic interests through necessary measures.
Trump used to slam China. Here's why he is now rolling out the red carpet for Xi
US President Trump now praises Chinese President Xi Jinping, a major shift from his past rhetoric. His administration's tariffs on China have not curbed its manufacturing sector. Western leaders are visiting Beijing to stabilize relations with Xi. Trump prioritizes personal relationships over policy deliverables with China. This approach may hinder America's competition with China.
India warns that Washington's Russia sanctions bill holds implications for bilateral ties, energy market
India has warned that a US sanctions bill on Russia carries potential implications for its ties with Washington. The proposed legislation could impose punitive tariffs on top Russian crude oil importing nations like India. New Delhi stated it will take necessary steps to protect its economic interests and ensure energy security. The Indian side has clearly articulated potential implications to various US interlocutors in recent months.
Trump threatens to unleash new tariffs on EU over Canada associate membership proposal, calls move ‘hostile act’
US President Donald Trump warned that the European Union could face heavier tariffs if Canada’s proposed associate membership is intended to harm the United States. Calling the prospect “laughable” and Canada a “terrible trade partner”, Trump also suggested Washington could restrict trade with Europe in certain areas.
Carney welcomes a proposal for Canada to become the European Union's first associate member
Canadian Prime Minister Mark Carney welcomed a European Union associate membership proposal. He stated this deeper integration aims to build resilience for both sides. This move seeks to reduce vulnerability to economic and geopolitical pressures. Carney clarified the intention is not to create a rival power bloc. The goal is to enhance sovereignty and independent decision-making capabilities.
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