Trade Deal

• Soybean farmers Scott Gaffner from Illinois and Cordt Holub from Iowa pleaded with President Trump to finalize a soybean deal at his upcoming China summit. • They highlighted impacts of high diesel prices and market uncertainty on US agriculture amid trade tensions. • The appeal comes as Trump prepares to meet Xi Jinping, seeking to stabilize farm exports critical to rural economies.

• President Trump announced a July 4, 2026 deadline for the European Union to reach a comprehensive trade deal, according to remarks made during a Tuesday morning interview. • The ultimatum signals Trump's intent to accelerate trade negotiations and establish concrete timelines for resolving transatlantic trade disputes. • The deadline creates urgency for EU officials to engage in substantive negotiations, though some analysts question whether the timeframe is realistic given the complexity of trade agreements.

Trump sets Fourth of July deadline as he vents impatience at speed of EU’s implementationDonald Trump has said the EU must ratify its trade deal with the US by 4 July or face “much higher” tariffs, after European officials fell short of agreement on the pact.Trump said he spoke to the EU chief, Ursula von der Leyen, about the issue and, he posted on his Truth Social platform, “agreed to give her until our Country’s 250th Birthday or, unfortunately, their Tariffs would immediately jump to much higher levels”. Continue reading...

Glyphosate is currently sprayed on cereal and pulse crops to dessicate them and make them easier to harvestA new trade deal with the EU could lead to restrictions on the use of the controversial weedkiller glyphosate on UK food crops.The full-spectrum herbicide, which kills almost every plant it touches, is often sprayed on wheat, oats and other cereal and pulse crops immediately before harvest to desiccate them and make them easier to handle. Continue reading...

• New Zealand Prime Minister Christopher Luxon is in Singapore to formalize a fuel-for-food arrangement aimed at protecting NZ during crises. • The deal emphasizes trade resilience as security issues overshadow economic interdependence, per Luxon's statements. • It underscores bilateral efforts to navigate global volatility through resource swaps and stronger ties.

• President Trump announced a 25% tariff on European Union automobiles, citing the bloc's failure to comply with existing trade agreements. • The administration claims the EU breached trade terms, prompting the tariff increase as a enforcement mechanism. • The move escalates trade tensions between the US and EU, potentially affecting auto manufacturers and consumers across both regions.

President says he gave Britain ‘better deal than I had to’ but ally was ‘not there when we needed them’ on IranMiddle East crisis – live updatesBusiness live – latest updatesDonald Trump has threatened to row back on the trade deal the US signed with the UK last year, in his latest salvo against the British government over sharp differences about the US’s approach to the Middle East.The US president said the economic deal struck with the UK, which cut some of his tariffs on cars, aluminium and steel, was “better than I had to” and that it could “always be changed”. Continue reading...

Exclusive: Animal welfare charities ‘bitterly disappointed’ that Labour plans to backtrack on manifesto commitmentsThe government is to break a manifesto commitment to ban foie gras imports, and has declined to stop fur imports, after the EU made these red lines in its discussions for a trade deal.Animal welfare charities say they are “bitterly disappointed” that ministers are failing to use powers granted by Brexit to restrict the import of these “cruel” items. Continue reading...

EU lawmakers are expected to back a deal but will want to implement safeguardsSenior German MEP Bernd Lange, who led the work on the trade deal at earlier stages, told lawmakers earlier that the additional safeguards were needed as the original agreement, as signed in Scotland last year, was merely an outline of what would normally be included in a trade deal.He also warned that the deal was “relatively one-sided,” but “maybe if we can improve it, we can live with it.” Continue reading...

Australian manufacturers can call their wares parmesan and kransky, but terms like feta, romano and gruyere will be eventually phased outFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastEuropean food, wine, cars and fashion goods will become cheaper for Australian buyers under a long-awaited trade deal, but farmers are furious about meagre quotas for meat exports.After almost a decade of negotiations, Australia and the European Union have struck an agreement that will lead to both sides slashing tariffs and expanding trade across a range of areas. Continue reading...