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Deborah Elms, head of trade policy at the Hinrich Foundation, says it's businesses and governments will likely collaborate via bilateral "mini arrangements" in 2026. She also expects President Trump to threaten tariffs against the European Union next, in part due to annoyance at the EU and India's "mother of all trade deals".
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Deal with U.S. remains crucial for India's economy.

Steve Sedgwick breaks down the detail of the Trump administration's trade deal with the U.K.

The dollar could be on the back foot again heading into 2026, as new tariff rates hit and the Fed is expected to begin rate cuts.

Many on Wall Street caution that turmoil surrounding trade between the U.S. and its major partners is far from over.

Several European firms have downgraded their guidance due to the impact of White House trade policies.

Despite optimistic overtones from some trading partners, Morgan Stanley said, "it's worth considering what happens if things…