TRUMP TRADE AGREEMENTS
I was unfaithful to my wife: Nvidia CEO Jensen Huang admits secret affair with Chinese spy Alice Huang; all you need to know about the controversy
Nvidia CEO Jensen Huang admitted to having an extramarital relationship with a business executive. Reports suggest that the executive may have connections to Chinese espionage activities. Nvidia's board has initiated an independent investigation to examine these allegations thoroughly. US lawmakers have requested a briefing to understand potential national security issues related to the case. Huang remains the CEO, while the investigation seeks to clarify any risks to the company.
China extends suspension of 24% tariffs on US goods by two months, retains 10% duty
China announced its decision to prolong the suspension of the extra 24% tariffs on US goods by two more months, keeping the 10% duty on American imports in place. This extension comes in light of a prior agreement made between the leaders of both nations, effective from November 10, 2025. The recent announcement signifies ongoing trade discussions and the complexities involved in US-China economic ties.
China's giant pandas make public debut at US zoo
Giant pandas Ping Ping and Fu Shuang have made their public debut at Zoo Atlanta after their arrival. The pandas were flown from Chengdu to Atlanta in September as part of a ten-year loan. Zoo Atlanta has renovated facilities to host the pandas, providing locally grown bamboo for their diet. The black-and-white mammals are considered vulnerable, with their population threatened by habitat loss and poaching.
Trump discusses West Asia de-escalation with Qatar's emir; at least 30 killed in airstrikes in Yemen
US President Trump spoke with Qatar's Emir Sheikh Tamim about reducing tensions in West Asia. They focused on Qatar's mediation efforts to achieve security and stability in the region. In Yemen, airstrikes on a market resulted in the deaths of at least 30 people amidst ongoing conflict. Meanwhile, Italy's Foreign Ministry is seeking the release of detained Italians in the West Bank.
Rubio to visit France on first post-midterm foreign trip to face questions on Trump policies
US Secretary of State Marco Rubio will attend the G7 foreign ministers meeting in France this weekend. This trip follows significant Republican losses in the midterm elections, raising questions about Trump's international policies. Rubio is expected to address various global issues, including the Iran and Russia-Ukraine conflicts. The meeting aims to cover topics like energy security and support for Ukraine amidst ongoing challenges.
US tariff relief unlikely for Indian auto parts makers despite Democrats’ Congress sweep
Indian auto component makers see little prospect of near-term relief from steep US tariffs despite Democrats gaining control of Congress. President Donald Trump can veto legislation seeking to challenge his trade policies, while overturning that veto requires a two-thirds majority in both chambers. Industry executives see progress in bilateral trade talks as key.
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American midterm results will not have an impact on India-US interim trade deal: Sources
The Democrats' sweeping victory in the US midterm elections is unlikely to affect the India-US interim trade agreement, as the pact does not require formal Congressional ratification, sources said. However, ongoing Section 301 investigations into forced labour and excess industrial capacity could influence Washington's tariff structure and the finalisation of the agreement.
Trump's midterm election setback may fast-track India-US trade deal within two months says founder, GTRI
Ajay Srivastava, Founder of the Global Trade Research Initiative (GTRI) said the election results could push Trump to focus more on trade negotiations and expedite the proposed agreement with India.
Trump's midterm defeat dims hopes of North Korea meeting
A meeting between Donald Trump and Kim Jong Un seems less likely following Trump's midterm election defeat. Analysts believe Kim has less incentive to engage with Trump in the current political environment. North Korea's leadership expresses reluctance to resume dialogue, citing distrust toward the US government. The ongoing nuclear ambitions of North Korea add complexity to potential negotiations between the two leaders.
Democrats' US midterm sweep may give India more room to negotiate a balanced trade deal with Trump
Democrats' takeover of both chambers of the US Congress could ease pressure on India in trade negotiations with the Trump administration, experts said. Greater Congressional scrutiny of tariffs may create opportunities for Indian exporters, although the existing 18% tariff is unlikely to change immediately and the bilateral trade agreement could face delays.
Oil Price Today (November 5): Crude oil falls below $94 after 9% plunge on Wednesday after midterm results. More downside ahead?
Crude oil price : Crude oil prices have dropped significantly following the Democratic victory in the recent US midterm elections. This political shift has raised hopes for a possible negotiated settlement of the conflict in Iran. Goldman Sachs predicts potential price increases for oil if production issues persist in the Gulf region. Analysts face uncertainty in forecasting the future of the ongoing war and its impact on oil prices.
Iran's leaders say midterm results show US voters have rejected Trump's war
Iranians expressed defiance following the US midterm elections, celebrating the Democrats' victory over Donald Trump. Supreme leader Ayatollah Mojtaba Khamenei indicated no expectation of changes in US policy toward Iran. Politicians and officials warned of severe consequences if the US disregards the election results. Demonstrators in Tehran commemorated the 1979 US Embassy takeover, showcasing ongoing hostility. Recent military actions have intensified, raising concerns about potential renewed conflict in the region.
India takes calm view of US midterm results, sees bipartisan support anchoring ties
India is observing the results of the recent US midterm elections with a sense of calmness and stability. The Democrat victory is seen as a move to limit the influence of the Trump administration. India has maintained strong relations with both parties in Congress since 2000 through various sectors.
Democratic victory in midterm elections adds a new twist to stock markets' Iran war, AI, and debt worries
Investors are watching the implications of the recent Democratic win in the US midterm elections. Geopolitical tensions, particularly the Iran war, continue to elevate oil prices and market risks. Regulatory scrutiny on the rapidly growing AI sector is expected following the election outcomes. Market volatility is anticipated to persist due to fiscal policy debates and increasing debt concerns. The market response so far has shown modest gains despite heightened uncertainties.
Brent crude oil price falls below $100 a barrel on hopes of Iran peace deal following Democrats' midterm victory
Crude oil prices experienced a significant decline, with Brent prices falling below $100 per barrel. The decline was influenced by hopes for a peace deal in the Iran war after Democratic victories. Discussions about a possible agreement have prompted Qatar to increase its mediation efforts between Washington and Tehran. Despite the optimism, Iranian officials suggest that an agreement is still far from being reached.
US midterm elections: Gems & jewellery industry keeps its fingers crossed
India's gems and jewellery industry is optimistic about a potential trade agreement with the United States. Industry leaders believe that a trade deal could enhance export competitiveness and safeguard jobs. The anticipated agreement follows the Democrats' recent success in the US midterm elections. Concerns remain regarding job losses in Surat if tariffs and trade uncertainties persist. Revenue for India's natural diamond industry is projected to remain flat this financial year.
Reset will keep India busy as Trump’s midterm loss redraws US politics
The recent US midterm elections have significant implications for international relations and the economy. Incoming policies may impact trade agreements between India and the US, affecting both countries' economies. Additionally, potential conflicts involving Iran could influence energy prices in India, creating economic uncertainty. The evolving political landscape in Washington will require India to adjust its diplomatic strategies.
US midterm election results 2026: India sees some trade relief, new risks after US midterm vote
Indian officials are cautiously optimistic about the recent US midterm election results and their implications. While the election reduces trade tension, it introduces new uncertainties for US-India relations. Analysts suggest it is too early to gauge the long-term effects of these political changes. The potential for increased tariffs still looms due to ongoing investigations.
Trump's midterm setback may put India under pressure for quick trade deal on US terms: GTRI
Amid electoral challenges, US President Donald Trump is likely to ramp up pressure on India to seal a trade deal. This potential agreement would require India to decrease import tariffs on US goods while the US keeps its tariffs intact. Analysts caution that such an arrangement may breach WTO MFN principles, undermining India's trade credibility. Additionally, compromising energy security and development aspirations could have serious implications.
Election Day bombshells by Donald Trump: US President reveals strikes in Iran, Strait of Hormuz, major military message to Israel, trade deal with Canada
Election Day 2026 announcements by Donald Trump: Republican President has made some blockbuster announcements regarding Iran, Strait of Hormuz, military relationship with Israel and trade deal with Canada.
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.
Oil rises after report of US strike on Iran's Qeshm Island
Oil prices have surged in reaction to reports of a US strike on Iran's Qeshm Island, sparking fears of significant supply interruptions. Previous drops in prices on Monday have been overshadowed by this escalation, reinstating a risk premium in the market. Diplomatic negotiations between Iran and the US, facilitated by Qatar, ended without notable advancement, while looming midterm elections exacerbate tensions in the Middle East, affecting global oil costs.
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 end Atlanta meeting without consensus on key issue, group photo cancelled
Top diplomats from the G20 met in Atlanta, but they could not agree on important global security issues. Tensions, particularly regarding Russia's war in Ukraine, overshadowed the talks and affected the outcomes. The meeting concluded without a joint communique, only a chairman's statement summarizing their discussions. Despite the lack of consensus, efforts were made to strengthen cooperation on supply chains and mineral resources.
India's FTAs to open new export opportunities as country eyes $1 trillion milestone: IIFT VC
India's trade deficit is likely to persist as long as the country remains dependent on oil imports, although rising exports of value-added petroleum products are helping narrow the gap, K. Rangarajan, Vice-Chancellor of the Indian Institute of Foreign Trade (IIFT), said on Friday.
China trade accord with Swiss bucks wider trend towards protectionism
Chinese President Xi Jinping and Swiss President Guy Parmelin are set to sign a significant trade deal. The accord offers Switzerland extensive market access to China, enhancing the trade relationship between the two nations. This agreement notably contrasts with increasing trade barriers established by the United States and the European Union. Swiss officials believe this deal will provide stability in a volatile global trade environment.
Bloomberg, two trading firms agree to pay Truth Social for faster access to Trump's posts, sources say
The firms are Susquehanna International Group and Jump Trading, both high-frequency trading firms focused on algorithmic and automated strategies.
India, Mexico sign terms of reference to kickstart trade pact negotiations
India and Mexico have signed the Terms of Reference to initiate negotiations on a Preferential Trade Agreement. This agreement aims to enhance bilateral trade and investment opportunities between the two countries. Key negotiating areas include market access, customs procedures, and trade facilitation measures. Both delegations discussed organizing a Mexican business mission to India in early 2027.
US, Brazil and Israel elections put India’s trade worth billions in focus
Recent elections in the US, Brazil, and Israel may impact India's trade negotiations and economic partnerships. The US is close to finalizing a trade pact, which could affect Indian exports significantly. Brazil's growing economic relationship with India is leading to ambitious trade targets between the two nations. In Israel, the continuation of defense cooperation and negotiations for a free trade agreement are crucial for India.
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