China is trying to smooth things over with French cognac giants like Hennessy and Rémy Martin by offering them a hefty tax refund—but there’s a catch. To get the money, they’ll need to play ball with Beijing’s ongoing investigation into EU brandy imports, which could mean agreeing to certain conditions like minimum pricing. It’s a classic carrot-and-stick move amid rising trade tensions.

Editor’s Note: This isn’t just about booze—it’s a high-stakes trade chess match. China’s probe into EU brandy looks like retaliation for Europe’s crackdown on Chinese electric vehicles. By dangling a tax refund, Beijing’s giving French producers a reason to cooperate (or at least stay quiet), which could weaken EU unity in the trade fight. For consumers, it might mean stable cognac prices—or, if things go sideways, pricier pours down the line.

The much-hyped India-US trade deal, once touted as "big and beautiful," is facing last-minute hurdles as the July 9 deadline looms. While negotiators haven't given up hope, talks are reportedly grinding through tough disagreements—likely over tariffs and market access.

Editor’s Note: This isn’t just about tariffs—it’s a test of whether two major economies can align their interests despite friction. If the deal stalls, businesses on both sides could face higher costs, and geopolitical tensions might simmer. But if they pull it off, it could signal a deeper economic partnership. Either way, the clock’s ticking.

Japan is scrambling to avoid hefty US tariffs on its cars, sending its top trade negotiator to Washington for urgent talks. With the deadline just over a week away and President Trump refusing to back down, hopes for a compromise are fading. Despite multiple calls with US officials, Japan’s envoy hasn’t secured a critical meeting, leaving the outcome uncertain.

Editor’s Note: This isn’t just about cars—it’s a high-stakes trade showdown that could hit Japan’s auto industry hard and strain US-Japan relations. If tariffs go through, prices could rise for consumers, and Japan might retaliate, sparking a broader trade fight. With Trump digging in, the clock is ticking.

The White House is claiming a win after Canada backed down from a proposed tax on U.S. tech giants, with Trump’s team saying Ottawa "caved" to pressure. The move reportedly unfreezes stalled trade talks between the two countries, though tensions had been high after Trump earlier suggested Canada should be cut out of trade deals entirely.

The EU is reportedly ready to accept a 10% hike in tariffs on many of its exports to the U.S., following Canada’s earlier concession, as Trump’s aggressive trade tactics start to yield results. But there’s a catch—Brussels wants Washington to lower its own tariffs on key goods like pharmaceuticals, aircraft, and alcohol in return.

Editor’s Note: This isn’t just about tariffs—it’s a high-stakes game of economic chicken. Trump’s hardline approach is forcing allies to bend, but the EU’s pushback shows trade wars aren’t one-sided. If this escalates, consumers and businesses on both sides could feel the pinch through higher prices and strained supply chains.

President Trump is hinting at possible tariffs on Japan, claiming they’re blocking U.S. rice exports—just as his top adviser signals new trade deals might arrive after July 4. This comes right before a July 9 deadline for escalated tariffs, adding tension to ongoing trade negotiations.

Editor’s Note: Trade tensions are heating up again, and this time Japan’s in the crosshairs. Trump’s comments suggest a hardline stance, which could rattle markets and strain relations with a key ally. With deadlines looming, businesses are bracing for more uncertainty—because when tariffs get tossed around, prices and supply chains often take the hit.

The EU’s trade chief is jetting off to Washington this week for last-minute negotiations, hoping to hammer out a deal before a looming tariff deadline hits next week. It’s a high-stakes diplomatic scramble to avoid fresh trade tensions between the two economic giants.