Trump and Modi shaking hands at podium with trade deal graphics showing end to Russian oil buys, U.S. tariff cuts, and massive American exports.
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Trump says U.S. and India reached trade deal tied to ending India’s Russian oil purchases

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President Donald Trump said he and Indian Prime Minister Narendra Modi reached a trade agreement under which India would stop buying Russian oil and increase purchases from the United States, while Washington would cut tariffs on Indian goods from 25% to 18%. Trump also said India would move to eliminate tariffs and non-tariff barriers on U.S. products and would buy more than $500 billion in American goods, though key elements were not independently confirmed by the U.S. or Indian governments in the immediate aftermath.

Reciprocal 30% tariffs on goods traded between Colombia and Ecuador took effect on February 1, leading to truck backups at the border since the weekend. Border zone merchants voice concerns over effects on legal trade and rising prices for consumers. Officials and private sector from both nations will meet this Monday to explore alternatives.

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A trade deal between India and the US was announced following a phone call between US President Donald Trump and Prime Minister Narendra Modi. Under the agreement, US tariffs on Indian exports have been reduced from 50% to 18%. Indian officials confirm the tariff cut, while Trump claims India will stop buying Russian oil and commit to purchasing $500 billion in US goods.

The Kenya Revenue Authority (KRA) has announced an upgrade to its cargo monitoring system, introducing user-owned electronic seals to enhance security and trade efficiency. This update integrates with the East African Community through the Regional Electronic Cargo Tracking System (RECTS).

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Mexico's merchandise exports to the United States hit a record high of $44.5 billion in November 2025, solidifying the country as the top trading partner of the world's largest economy.

2024년 칠레와 중국 간 양자 무역이 616.6억 달러에 달하며 2006년 대비 8.6배 증가했다. 칠레 체리는 이 파트너십의 핵심 상징으로 부상했으며, 2024/25 시즌 수출액이 33억 달러에 육박한다. 업계 리더들은 출하량 약간 감소에도 낙관적이다.

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Commerce Minister Piyush Goyal defended the newly concluded India-EU free trade agreement against domestic criticism, emphasizing its benefits for economic growth. The deal addresses key issues like carbon tariffs and mobility for professionals. However, US Treasury Secretary Scott Bessent expressed disappointment, accusing Europe of prioritizing trade over support for Ukraine.

 

 

 

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