Trade Deal
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Trump signals nearing US-India trade deal with tariff cuts
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US President Donald Trump stated on Monday that a trade deal with India is very close, potentially leading to lower tariffs on Indian goods. The remarks came during the swearing-in of Sergio Gor as US Ambassador to India. Trump cited India's reduced Russian oil imports as a reason for the tariff relief.
Canada is set to issue import permits for China-made electric vehicles under a new trade deal. Tesla is pulling its US-made Model 3s and switching to China-produced vehicles to dominate the quota. Chinese EV makers have not yet announced their plans for the Canadian market.