Trade deals

The article discusses the emergence of a new economic order constructed through ad hoc methods rather than traditional trade deals. It highlights that conventional trade agreements are insufficient in addressing geopolitical concerns.

China requires export licenses for 16 precursor chemicals heading to North America, including 13 added in November and three after a May summit. The measures followed trade deals between Washington and Beijing that linked tariff relief to drug cooperation. Analysts suggest most chemicals still reach Mexican fentanyl operations.

India’s textile stocks have emerged as market standouts due to trade deals. A garment factory in Tiruppur, Tamil Nadu, is highlighted as part of the industry activity.

US President Trump warns of imposing 100% tariffs on countries that implement a digital services tax, stating the levy would override existing trade agreements.

US President Donald Trump returned from Beijing with trade deals and praised his relationship with Chinese leader Xi Jinping. However, Beijing sought concessions on Taiwan, urging Washington to reduce arms sales packages and slow approval rates.

Canadian Prime Minister Mark Carney warns that Canada's strong economic ties to the United States have become a 'weakness' requiring correction. He outlined efforts to attract foreign investment and diversify trade partnerships through new agreements with other countries.

The Trump administration faces mounting pressure as the deadline for reimposing 50% tariffs approaches, with officials now projecting only a handful of trade deals instead of initial goals. Key figures like Peter Navarro, Howard Lutnick, and Scott Bessent have downgraded expectations, suggesting limited progress in negotiations with major trading partners.