Federal immigration enforcement in Minnesota shifted after a fatal shooting, prompting leadership changes and scrutiny of tactics.
Federal immigration enforcement operations in Minnesota underwent an abrupt operational and rhetorical shift after a protester's fatal shooting, with the administration reassigning command, removing some Border Patrol personnel, and signalling warmer relations with state officials while stressing that the incident remained under investigation and concerns about coordination, use-of-force, and public safety were driving reassessment.

Tariff hike on South Korean imports announced, raising rates on autos, lumber, drugs and other goods amid trade-framework dispute.
President Trump announced higher import duties on South Korean autos, lumber and pharmaceuticals and an increase from 15% to 25% on other goods, citing South Korea's failure to secure national assembly approval for a bilateral trade framework. The administration previously imposed tariffs by declaring an economic emergency and bypassing Congress; related authority under the International Emergency Economic Powers Act faces judicial review. South Korea says it has not been officially notified and will pursue high-level talks with U.S. counterparts.

Tariffs on South Korean goods increased to 25% due to the national assembly's failure to approve the trade framework.
President Donald Trump announced a unilateral increase of import tariffs on South Korean goods to 25% due to the South Korean national assembly's failure to approve a previously agreed trade framework, specifying autos, lumber and pharmaceutical drugs and raising other import rates from 15% to 25%.

Canada's tariff shift and EV import cap reshape trade leverage ahead of USMCA review and investment commitments.
Canada replaced a 100% tariff on Chinese electric vehicles with a managed import framework: an initial annual cap of 49,000 EVs at a 6.1% tariff, rising to about 70,000 over five years, coupled with expected Chinese investment in the Canadian auto industry, as part of a strategic partnership aimed at restoring affordable EV access while limiting market exposure and shaping the country's posture for the USMCA review.

India-EU free trade agreement concluded; tariff cuts and services liberalisation aim to boost trade and market access.
Official-level negotiations on a Free Trade Agreement between India and the EU have been concluded; legal scrubbing of the 24 chapter text is underway, with signature and entry into force expected after EU Parliament approval and the Union Cabinet nod. The pact envisages tariff reduction or elimination on over 90% of goods and services liberalisation, aims to provide duty free access for several labour intensive Indian sectors, and includes parallel talks on investment protection and Geographical Indications.

India-EU free trade agreement concluded; legal scrubbing underway to cut tariffs, liberalise services and boost trade and investment.
India and the EU have concluded negotiations on a comprehensive free trade agreement covering 24 chapters including trade in goods, services and investment. Legal scrubbing is underway with signature sought this year and entry into force contingent on European Parliament approval and India's executive approval. The pact envisages tariff reduction or elimination on over 90% of goods, services liberalisation in key sectors, and parallel talks on investment protection and Geographical Indications, with specific benefits signalled for labour intensive Indian exports.

India-EU free trade agreement concluded; legal scrubbing underway and signature expected this year with broad tariff and services liberalisation.
India and the European Union have concluded negotiations on a comprehensive free trade agreement covering 24 chapters-including trade in goods, trade in services, and investment-with legal scrubbing underway and signatory processes anticipated this year; the FTA contemplates tariff reduction or elimination on over 90% of traded goods, liberalisation of services sectors, and parallel talks on investment protection and Geographical Indications, and requires European Parliament approval and Union Cabinet consent for implementation.

Europe financing war by buying refined Russian oil via India, despite US tariffs penalising those purchases.
Scott Bessent criticised Europe's trade deal with India as undercutting US tariffs on India for buying Russian oil, noting the US imposed a 25 percent tariff linked to India's Russian oil purchases (within a broader 50 percent tariff posture) while India imports Russian crude, refines it, and European buyers purchase the resulting refined products, creating trade diversion that weakens the effect of US tariff measures.

India-Russia trade aims for USD 100 billion by 2030, using a free trade agreement and national currency settlement.
India and Russia are targeting USD 100 billion in bilateral trade by 2030 through trade diversification (fertilisers, agriculture, engineering, energy), promotion of investment and manufacturing partnerships, a proposed free trade agreement to facilitate transactions, and increased use of national currency settlement; FY 2024-25 bilateral trade reached approximately USD 68.7 billion driven largely by crude imports.

Live-in relationships: Allahabad High Court set aside life term after finding a consensual adult relationship affected culpability.
The High Court set aside a life imprisonment sentence after finding the complainant was an adult who had entered into a consensual live in relationship, treating the consensual nature of that relationship as material to criminal culpability and sentencing.

EU-India summit to finalise a free trade deal, launch a defence partnership and frame worker mobility arrangements.
The summit will finalise an ambitious Free Trade Agreement to deepen bilateral economic integration and market access, while establishing a Security and Defence Partnership to enhance defence interoperability and enable Indian participation in the EU's SAFE defence funding programme; negotiations will also begin on a Security of Information Agreement and a memorandum framing mobility arrangements for Indian workers.

Currency intervention signals and tariff measures drove market volatility, hitting exporters and shifting commodity and currency prices.
Rapid currency movements and trade policy threats affected markets: a sharp yen rebound attributed to possible Japan-US coordinated intervention drove declines in Japanese exporters and altered exchange rates, while prior and adjusted tariff measures - including 100% and 25% duties and reciprocal import taxes - shaped trade risk and contributed to broader market volatility in equities, commodities and precious metals.

US-India trade deal reportedly resisted by Navarro, Vance and Trump, says Senator Ted Cruz in donor meetings.
Senator Ted Cruz reported opposition within the Trump administration to a proposed US-India bilateral trade agreement, naming economic adviser Peter Navarro, Vice President J D Vance and at times President Donald Trump as resistors; negotiations stalled amid US demands for access to India's farm and dairy sectors and after imposition of large tariffs and related political tensions.

US-India relations marked by Republic Day greetings amid unresolved trade disputes and high tariffs blocking a bilateral deal.
Diplomatic greetings highlighted a strategic US India partnership across defence, energy and technologies, while substantive tensions persist: the United States has imposed significant tariffs on Indian goods (including a reported 50 per cent levy and a 25 per cent punitive tariff linked to Russian oil), and bilateral trade negotiations remain unresolved due to US demands for greater access to India's farm and dairy sectors and other policy disagreements.

India-EU FTA likely to cut tariffs on textiles, footwear, cars and wines and ease access for services sectors.
The India EU Free Trade Agreement is expected to reduce or eliminate tariffs on most goods, granting zero duty access for labour intensive Indian sectors and reciprocal tariff cuts for EU automobiles and wines, while liberalising services sectors and providing phased, quota based concessions and safeguards to protect sensitive domestic industries; agriculture remains excluded, and parallel negotiations cover investment protection and Geographical Indications.

Boeing Dreamliners in India face tariff challenges and ongoing accident investigations amid continued market growth.
Tariff tensions and recent regulatory scrutiny shape Boeing's prospects for additional B787 Dreamliner orders in India, while the company stresses long-term confidence in Indian demand and industrialisation goals despite short-term challenges. Boeing cited its significant supplier network and annual sourcing from India and limited comment to procedural aspects of the AAIB probe into the fatal Air India AI171 Dreamliner crash. The company described competition from Airbus as normal and maintained that growing route networks will support B787 demand.

Reliance paused Russian crude buys; state refiners increased imports amid sanctions, discounts, and intermediary-led sourcing shifts.
Reliance and several private refiners curtailed direct purchases of Russian crude in January 2026, while state-owned refiners IOC and BPCL increased imports, together taking about 60% of January volumes. Sanctions on major Russian producers shifted trade toward non-sanctioned intermediaries and other exporters, concentrating direct deliveries among fewer buyers and prompting use of alternate trading channels to sustain supplies.

Asian markets react to yen support signals and reciprocal tariffs altering trade flows and investor sentiment.
Ayen appreciation after official signals to support the currency pressured Japanese exporter equities, while reciprocal tariff measures-100% and 25% import duties and a recent Canadian tariff adjustment on Chinese electric vehicles in exchange for lower duties on Canadian products-demonstrate use of import taxes and concessions as tools in trade negotiation affecting market access and investor sentiment.

Canada-China trade relations see targeted tariff adjustments and EV import caps; Canada denies pursuing a free trade deal with China.
Canada will not pursue a free trade agreement with China and instead implemented targeted tariff adjustments to address recent retaliatory measures, notably rescinding a 100% tariff on Chinese electric vehicles in exchange for a managed import regime (initial cap of 49,000 EVs at a 6.1% tariff rising over five years) and negotiated lower tariffs on certain Canadian agricultural exports; these steps were portrayed as corrective actions consistent with commitments under the regional trade agreement that limit pursuing FTAs with non-market economies without prior notification.

India-EU summit to announce a near final free trade agreement, a strategic defence partnership, and mobility framework.
The India EU summit is positioned to announce conclusion of a free trade agreement and to firm up a strategic defence partnership plus a mobility framework, together aiming to deliver market access, strengthen trade in goods and services, and establish regulatory and procedural mechanisms that enhance mutual resilience and cooperation on security, clean transition and people to people exchanges.