Mercosur-EU Mega-Deal Signed Without Brazil’s Lula Present
On 17 Jan 2026, Mercosur and the EU finally inked their 25-year free-trade pact in Asunción, but Brazil’s President Lula da Silva stayed in Rio and sent his foreign minister instead.
Business & Economics
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Modi-Al Nahyan 3-Hour Summit Seals LNG Deal, Defence Pact Roadmap & $200 B Trade Goal
On 19 Jan 2026, during a lightning three-hour visit to Delhi, India and the UAE committed to doubling trade to USD 200 billion by 2032, signed a decade-long LNG supply contract, and issued a letter of intent to forge a formal Strategic Defence Partnership.
Canada Cuts Chinese EV Tariff to 6.1%, Caps Imports at 49k
On 17 Jan 2026 Ottawa and Beijing struck a deal restoring the pre-2024 6.1 % tariff on up to 49,000 Chinese electric vehicles a year, exchanging that market access for sharp reductions in Chinese duties on Canadian canola and other farm goods.
EU–Mercosur Ink World’s Largest Tariff-Free Zone After 25-Year Stalemate
On 17 Jan 2026 the EU and Mercosur finally signed their long-negotiated trade pact in Asunción, formally creating a 700-million-person free-trade area that still awaits parliamentary ratification on both sides.
Seoul Invokes “No-Less-Favorable” Clause as U.S. Ties Chip Tariff Relief to Local Investment
On 18 Jan 2026 Seoul opened emergency negotiations with Washington, citing a 2025 joint fact sheet guaranteeing equal treatment, after President Trump’s new AI-chip duties and threats of up to 100 % tariffs put Samsung and SK Hynix at risk unless they expand U.S. manufacturing.
Google Appeals Search Monopoly Verdict, Seeks Stay on Court-Ordered Data Sharing
On 17-18 Jan 2026, Google formally appealed the 2024 U.S. antitrust judgment and asked Judge Amit Mehta to suspend his mandate that it hand over search-index and user-interaction data to rivals such as OpenAI until the appeal is resolved.
EU–Mercosur Mega-Trade Zone Finally Signed in Asunción
On 17 Jan 2026, the EU and Mercosur formally inked a pact in Paraguay that scraps tariffs on over 90 % of their trade, ending a 25-year negotiation deadlock.
U.S. Adopts “Separate Deals” Approach After Taiwan Chip Tariff Accord
Within 48 hours of unveiling a tariff-exemption formula for Taiwanese chipmakers, the Trump administration said every other semiconductor-exporting nation will face tailor-made negotiations—or tariffs as high as 100 %—rather than a single global standard.
Canada-China Tariff Swap: 49,000-Vehicle EV Quota for Canola Relief
On 16 Jan 2026, Ottawa cut its punitive 100 % duty to 6.1 % on up to 49,000 Chinese electric cars per year, and Beijing agreed to slash its combined tariff on Canadian canola seed from ~85 % to 15 % by 1 Mar 2026.
US–Taiwan Pact Trades 5+ New TSMC Arizona Fabs for 15% Tariff Rate
Washington and Taipei have agreed in principle to cut the Trump-era 20 % reciprocal tariff to 15 %, provided TSMC roughly doubles its U.S. footprint by adding at least five more semiconductor plants in Arizona.
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