India, EU announce major free trade agreement

India-EU Free Trade Deal

Indian Prime Minister Narendra Modi announced a significant free trade agreement with the European Union, creating a trade zone for 2 billion people. European Commission President Ursula Von Der Leyen emphasized that the deal eliminates nearly all trade barriers between the two regions.

US Tariffs on South Korean Goods

President Trump has raised tariffs on South Korean automobiles and other goods to 25%, marking a significant change in trade policy that could impact economic relations between the United States and South Korea.