US President Donald Trump and Canadian Prime Minister Mark Carney met in the Oval Office, where they discussed their differences over trade tariffs, with Trump seeking Canada's admission as the 51st state. Trump called for an end to tariffs of up to 25% on Canada, but Carney insisted his nation was "not for sale." Trump responded that "time will tell" and said no amount of rhetoric could change his stance, while Carney acknowledged that this was a bigger discussion.
https://www.boston25news.com/news/politics/trump-carney-faceoff/TWPTWOK3Z5AI5IPJTXKGH4F66A/US President Donald Trump told Canadian Prime Minister Justin Trudeau his country was "not for sale," but Trudeau countered that Canada's sovereignty and interest in cooperation were paramount, emphasizing the need to maintain a strong border between the two nations. Trump insisted on imposing US tariffs, claiming Washington subsidizes Ottawa with $200 billion annually, while Trudeau pointed out Canada has retaliated with its own tariffs on $30 billion of US goods. The meeting remained cordial, but Trump reiterated his push for Canada to join the US as its 51st state, citing potential benefits like lower taxes and military protection, despite Trudeau's categorical rejection.
https://en.mercopress.com/2025/05/06/carney-tells-trump-canada-not-for-saleThe US-China trade policy has become increasingly unpredictable under Trump 2.0, with tariffs this time being significantly higher than during the first trade war. This has led to a slowdown in global trade since 2020, weakening global growth from 3.8% in 2017 to 3.3% in 2024. The rapid expansion of global trade since the 1990s was a key contributor to the rise in global GDP, with trade accounting for 60% of global GDP in 2024, up from 41% in the 1990s.
https://www.deccanchronicle.com/southern-states/tamil-nadu/global-trade-slowdown-threatening-global-growth-1877080US President Donald Trump has stated that the US does not need Canada's autos, energy, lumber, or any other goods, despite the country receiving $200 billion in annual subsidies and free military protection. He has also threatened to make Canada the 51st US state, calling the border an "artificial line" that prevents a potential union between the two territories. Trump's comments have outraged Canadian Prime Minister Justin Trudeau's Liberal Party, contributing to their surprise victory in last month's election. The move has raised concerns among world leaders, including UK Prime Minister Keir Starmer and Ukrainian President Volodymyr Zelenskyy, who have faced Trump's anger for not being sufficiently deferential.
https://www.firstpost.com/world/carney-rejects-trumps-51st-state-idea-says-canada-not-for-sale-13886084.htmlThe UK and India have concluded a trade deal after three years of negotiations, aiming to boost bilateral trade by $34 billion by 2040. The agreement provides liberal market access and eases trade restrictions, with Indian Prime Minister Narendra Modi describing it as "ambitious and mutually beneficial". British Prime Minister Keir Starmer sees the deal as strengthening alliances and reducing trade barriers in this new era for trade.
https://www.tbsnews.net/world/uk-india-clinch-landmark-trade-deal-1135401The UK and India have reached a long-awaited trade deal, with Indian Prime Minister Narendra Modi describing it as "ambitious and mutually beneficial." The agreement will reduce tariffs on various goods, including whisky, cosmetics, medical equipment, car parts, and airplane components. Whisky tariffs will be halved to 75% before falling to 40% by year 10, while automotive tariffs will drop from over 100% to 10%. Trade Minister Piyush Goyal said the deal aims to protect India's core interests while opening up opportunities for greater global participation.
https://apnews.com/article/uk-india-trade-deal-starmer-modi-6cbaf787f49a08aac18f93b2601d09f2The UK and India have signed a free trade agreement (FTA) that will reduce customs duties on various products, including whisky, medical devices, machinery, lamb, and cosmetics. The deal is expected to boost bilateral trade by $34 billion per year from 2040, doubling or tripling it over the next decade. The agreement includes provisions for reduced tariffs, increased collaboration across industries, and a double contribution convention agreement that will exempt Indian workers in the UK from paying into the UK's social security for three years. This move is seen as a significant development in India's trade relations with the UK, which has become its fourth-largest export market.
https://www.firstpost.com/explainers/india-uk-fta-whats-double-contribution-convention-agreement-that-will-benefit-indian-workers-13886071.htmlThe UK has secured a free-trade agreement with India, worth £25.5 billion, after US President Donald Trump's tariffs hike. The deal aims to boost trade between the two countries and support over 600,000 jobs in both nations. Indian exporters will gain preferential access to the UK market, while the UK automotive lobby group SMMT welcomes the agreement as a "considerable effort" to liberalise the Indian automotive market.
https://www.victoriaadvocate.com/news/nation/uk-india-strike-trade-deal-amid-us-tariff-blitz/article_fc5d348d-aaf8-521f-a170-7d5085f34792.htmlUkraine's Foreign Minister Andrii Sybiha met with OECD Secretary-General Mathias Cormann in Kyiv to discuss the development of their partnership and Ukraine's integration into European and global economies. During the meeting, they laid flowers at the Wall of Remembrance of Fallen Defenders of Ukraine on Mykhailivska Square. Sybiha expressed gratitude for the OECD's consistent support and condemnation of Russia's war against Ukraine, while Cormann noted that Ukraine's economy has proven resilient amid difficult challenges.
https://www.ukrinform.net/rubric-polytics/3989828-ukrainian-fm-discusses-partnership-development-with-oecd-secretarygeneral.html