Tag: Europe
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India, EU Seal Sweeping Trade Pact, Slash Tariffs Across Key Sectors
India and the European Union have sealed a long-awaited free trade agreement, marking a major step in bilateral economic ties and setting the stage for a sharp expansion in trade between the two economies. The deal, concluded on Tuesday, January 27, after nearly two decades of negotiations, will lower or…
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China, Britain Hail Reset in Relations after Xi-Starmer Talks
China and Britain agreed to reset relations on Thursday, January 29, after Chinese President Xi Jinping British Prime Minister Keir Starmer pledged closer cooperation on trade, investment and technology. During the first visit by a British leader to China in eight years, Beijing granted British citizens 30 days’ visa-free access…
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China Imposes Retaliatory Provisional Duties on EU Dairy Imports
China’s Ministry of Commerce announced on Monday, December 22, that provisional duties of up to 42.7% will be imposed on certain European Union (EU) dairy imports, following the conclusion of the first phase of an anti-subsidy investigation. The measures, effective Tuesday, December 23, target products including milk and cheese, such…
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South Korea Signs Trade Deal to Import British cars, Salmon and Guinness
South Korea has signed a new trade agreement with the United Kingdom aimed at expanding imports of British-made cars, Scottish salmon and Guinness canned in Britain. The deal replaces a bilateral arrangement agreed in 2019 following the UK’s departure from the European Union. Bilateral trade between South Korea and the…
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Trump Announces 30% Tariffs on EU and Mexico, Citing Trade and Security Concerns
President Donald Trump announced Saturday that the United States will impose 30% tariffs on imports from the European Union and Mexico, effective from August 1. The move targets two of America’s largest trade partners and signals a sharp escalation in Trump’s trade strategy during his second term. Trump made the…
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Russia Closes Polish Consulate in Retaliation Over Sabotage Accusations
Russia ordered the closure of Poland’s Consulate in Kaliningrad on Friday, escalating tensions between the two nations amid ongoing allegations of Russian sabotage. The move comes in direct retaliation for Poland’s May 2025 decision to shut down the Russian Consulate in Krakow, following a fire at Warsaw’s Marywilska 44 shopping…
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