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Trade Deals Are Picking Up Globally, Just Not with Trump

Trump fosters new deals for India and Canada, not the US.

Modi in Malaysia New York Times

Modi Is Hedging Against Trump, One Deal at a Time

The New York Times reports Modi Is Hedging Against Trump, One Deal at a Time

France. New Zealand. The Seychelles. Malaysia. Slovakia. Italy.

In the past year, Prime Minister Narendra Modi of India has zigzagged around the world at a breathless pace, pursuing new partners or bolstering ties with existing ones, jolted into action by a grim reality: India’s only way to combat the global turbulence unleashed by President Trump and fortify its economy is to spread its bets widely.

Since August 2025, Mr. Modi has paid official visits to at least 20 countries, and is set to visit more in the coming days, including a trip to Uzbekistan that starts on Saturday. Many of these meetings have been businesslike, resembling the urgent, closed-door discussions of Wall Street bankers negotiating deals.

After Uzbekistan, Mr. Modi will visit Kyrgyzstan for the annual summit of the Shanghai Cooperation Organization, a 10-member regional security group, where he is expected to sit down with President Vladimir V. Putin of Russia.

Among the economic benefits for India that Mr. Modi has scored in his meetings are submarine technology from Germany, student visas from France, and cheaper Scotch whisky — arguably India’s most popular alcoholic beverage — from the United Kingdom.

Who Is Modi Doing Deals With?

  • India and France have developed an especially close partnership, centered on artificial intelligence and governance, and on doubling bilateral trade within the next five years.
  • Mr. Modi and Norway’s prime minister, Jonas Gahr Støre, reaffirmed Norway’s commitment to creating one million jobs in India under an agreement India signed in October with the European Free Trade Association.
  • President Lee Jae Myung of South Korea promised investment in India and shipbuilding assistance. India aims to become one of the world’s top five shipbuilders by 2047.
  • Mr. Modi became the first Indian prime minister to visit New Zealand in four decades. The meeting focused on maritime security, building on a defense cooperation agreement signed last year, and doubling bilateral trade.
  • India signed a major free trade agreement with the European Union, the world’s largest economic bloc, in January. Roughly two decades of trade negotiations had been sped up by the newly upended world order.
  • The E.U. deal — which Ursula von der Leyen, president of the European Commission, labeled the “mother of all deals” — marked a move away from India’s longstanding policy of protectionism. As part of the agreement, India agreed to make concessions, including slashing tariffs on European cars and wine, among other products.
  • India struck a deal with the United Kingdom, where the latter reduced tariffs on garments, and the former slashed duties on alcohol.

Meanwhile In Canada

Canada has rapidly expanded its global trade network in 2026 to diversify its economy away from the United States following a breakdown in bilateral negotiations and an escalating cross-border trade war.

Under Prime Minister Mark Carney, the Canadian government has pivoted sharply toward alternative international markets, securing or advancing major deals across Asia, South America, and Europe.

Trade talks between the US and Canada broke down and it will be a struggle to get them going again.

Canada – United Arab Emirates (UAE)

  • Status: Negotiations successfully concluded on July 24, 2026.
  • Agreement: The Canada-UAE Comprehensive Economic Partnership Agreement (CEPA) marks the fastest trade negotiation in Canadian history, wrapping up in just 47 days.
  • Key Benefits: It will dramatically lower or remove tariffs across aerospace, engineering, clean tech, and agri-food industries. Alongside the trade pact, a Foreign Investment Promotion and Protection Agreement officially took effect on May 19, 2026, which unlocked a $70 billion investment commitment from the UAE into Canadian infrastructure, ports, mines, and LNG projects

Canada – Indonesia

  • Status: Implementation framework finalized with domestic legislation passing into law.
  • Agreement: The Canada-Indonesia Comprehensive Economic Partnership Agreement (ICA-CEPA) received Royal Assent on May 6, 2026 (via Bill C-18), cementing the legal framework ahead of its official 2026 enforcement date.
  • Key Benefits: Canada’s first-ever free trade agreement with an ASEAN country will eliminate or reduce tariffs on over 95% of current Canadian exports. This significantly boosts the global competitiveness of Canadian agriculture (wheat, soybeans), potash, wood, and clean technology in a market of over 300 million consumers.

Canada – China

  • Status: Strategic electric vehicle and agricultural access deal announced in January 2026.
  • Agreement: Prime Minister Carney brokered a targeted partnership with Chinese President Xi Jinping during a high-profile visit to Beijing.
  • Key Benefits: Under the agreement, Canada agreed to admit 49,000 Chinese electric vehicles at a reduced tariff rate. In return, China granted Canada significantly improved market access for its canola and agricultural exports, aiding Canada’s long-term goal of increasing its total exports to China by 50% by 2030.

Canada – Ecuador

  • Status: Signed in July 2026.
  • Agreement: Following a year of intense text iterations launched in 2024, Canada formalized a comprehensive bilateral free trade agreement with Ecuador.
  • Key Benefits: This agreement enhances commercial pathways into South America, heavily lowering tariff thresholds for Canadian industrial machinery, manufacturing exports, and financial service entities

Canada Ongoing and Upcoming Trade Negotiations

  • The Philippines & Thailand: Deepening market access across Southeast Asia to integrate supply chains.
  • Turkey: Free trade text negotiations remain ongoing.
  • Japan & Australia: Strategic partnerships signed earlier in the year are laying the groundwork for binding critical mineral alliances and defense procurement integrations.
  • India: Aims to reach $70 billion in bilateral trade by 2030, with a CEPA targeted for late 2026.

Voluntary vs Involuntary Deals

That’s a lot of deals Trump is responsible for, just not with the US.

The only deals Trump can get for the US are through coercion and force, generally detrimental to all sides.

And most of those deals are imaginary.

No country wants to make one-sided deals with the US that Trump is unlikely to honor anyway.

Related Posts

February 24, 2026: Fact Check on Trump’s Claim “Canada Ripped Us Off”. What’s the Real Story?

Trump claims Canada is ripping us off. Heck, Trump is ripping off Canada and the US, while stealing oil from Venezuela.

July 23, 2026: Trump Signs a Nuclear Deal with Saudi, Demands Huge Changes One Day Later

Oops. Trump made a stupid deal. So now he won’t honor it.

August 22, 2026: Canada at War with US Says Carney, Why the Trade Negotiations Broke Down

Canadian Prime Minister Mark Carney explains what happened.

August 29, 2026: What’s in Trump’s Allegedly Greatest Oil Deal in History, with Venezuela?

The deal is illegal, with no immediate impact. But Canada is warned.

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33 Comments
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David Heartland
David Heartland
6 hours ago

When I think about Trump, he is acting as if someone in his circle said: “We are already fucked. LET’S GET IN ON THE FEEDING FRENZY.”

David Heartland
David Heartland
6 hours ago

After a while, when a PAL of mine would not pay me back, I put a collector on his ass. MY BEST FRIEND. NEVER GOT PAID BACK.

Once a liar, always a liar. I think he has finally died and is cooking in his own shit now down in Hell. HE BURNED EVERYONE, I came to find out.

Trump is JUST LIKE MY OLD PAL: big talker.

Jon
Jon
6 hours ago

The world, including countries and corporations, tend to settle into low entropy, low dynamism systems. Trump is destroying those systems, causing all other countries to reevaluate America as a reliable country and seeking new levels of reliability outside the US. This will be of great value to all countries except the USA. It comes at our expense. But MAGA can’t understand this. Most live in small towns in flyover country where trade means buying at the Walmart in the next town over versus the local Walmart. Solar + battery just became the cheapest way to install new electrical power systems, and China and Chinese workers get to produce those systems worldwide for decades to come. While Americans settle into MAGA “welcome to walmart!” jobs. The US could have been a player, but MAGA only cared about the gays and Mexicans.

Flavia
Flavia
5 hours ago
Reply to  Jon

The US always was a player, but now too dumb to play the prosperity game anymore.

Augustine
Augustine
7 hours ago

Canada and Mercosur have also started negotiations on a bilateral trade deal.

John Overington
John Overington
7 hours ago

Trump has let the genie out of the bottle and we all know it doesn’t go back in. Trump will be out in a couple of years but what do you think will be the replacement? Government doesn’t reverse course quickly and (I’m hoping that) the major trading partners are planning for a future much like the present.
It’s nice to think that all will be well in a couple of years but I think the whole world order has changed. Russia is an economic basket case, the MIC is fighting the last war while Ukraine is fighting the present, China is facing the demographic cliff and Europe is floundering. And everywhere, debt out the wazoo.
We live in interesting times.

Moi
Moi
21 hours ago

Canada is parked so deep in Trumps head, a day doesn’t go by that he doesn’t Rant and Rave about how Canada has so badly ripped off and taken advantage of the US. It’s surreal, it’s like some sort of mad Parody but the very sad part is it’s all too real. The guy is seriously acting like he needs to be committed. He is such an Insult to the US Presidency, a position that has always garnered so much World Wide respect until he came along.

https://www.ctvnews.ca/world/article/trump-calls-canada-one-of-the-worst-abusers-says-he-doesnt-want-canadian-anything/?utm_source=firefox-newtab-en-ca

El Trumpedo
El Trumpedo
5 hours ago
Reply to  Moi

He wants to distract us from Iran… simple as that.

Frosty
Frosty
21 hours ago

Real leaders have actual meetings and negotiate successfully to create trading relationships. Global trading blocks are strengthening their alliances and excluding the US because its leadership is untrustworthy and incapable of good faith.

Trump makes announcements on his social media platform of fantasy deals and pretends they are real.

Sadly the entire Republican Party refuses to remove Trump from office regardless of his criminality or use of his position to enrich himself and his insider trading syndicate. As accomplices they should all be tried under the RICO Act.

Harry
Harry
22 hours ago

Those are the types of agreements the USA requires Canada to abstain from going forward. What country would accept that?

JJS
JJS
23 hours ago

Mish.. I generally agree w your posts.. but when you say something is “illegal” what does that even mean.. ?! lawmakers break laws every hour of every day. What Constitution?! Laws are for us peasants.. was it legal when Biden confiscated Russian reserves in ‘22?! NO! . and now Trump goes billions worse.. confiscating and extorting the world for his own personal benefit … every President does what they want.. and then we get run over .. I voted for Trump 3xxx ..and all I got was “illegal” tariffs that never end, the worst loss in endless war infinity in the geopolitical history of America .. and more debt than can be imagined.. none of which I voted for..I hate his guts can’t stand sound of his voice and can’t wait till it’s over.. but the next will take what he’s done and 3x it.. so plse come up w something else other than that something they are doing is “illegal”… LOL. The next boss.. same as the old boss. DSA.. will disappoint their followers too… blah blah blah It’s all B.S..

Creamer
Creamer
21 hours ago
Reply to  JJS

Then stop voting, stop whining, and go away, seeing as you have no voice. You voted for Trump thrice because you’re a retard and it shows.

El Trumpedo
El Trumpedo
5 hours ago
Reply to  Creamer

Can’t fix stupid.

SleemoG
SleemoG
21 hours ago
Reply to  JJS

Brave of you to announce your cunthood to the world.

Tollsforthee
Tollsforthee
15 hours ago
Reply to  JJS

Wow, fool me once, fool me twice, fool me a third time. What does that make me?

Your anger is coming from what Trump revealed about you—to yourself.

Take some solace in the fact that there are millions of others just like you. You, in fact, have awakened from your delusions much earlier.

Tom
Tom
11 hours ago
Reply to  JJS

“But but Biiiiiiden*
Cry baby says what?

JCH1952
JCH1952
7 hours ago
Reply to  JJS

Well, for starts, Biden did not confiscate Russian reserves in 2022. He froze them, which was legal. He confiscated the assets in 2024 after congress overwhelmingly made it legal to do so.

Feral Finster
Feral Finster
6 hours ago
Reply to  JCH1952

OK, so you are saying property rights are dependent on the whims of Congress.

Harry
Harry
23 hours ago

The MAGA platform, upon which Trump was elected is defective, not going to work, ever. But they have to talk it up anyway (Canada) and find oil reserves (Venezuela). In the meantime, how to get Iran off the front pages? I doubt Iran will allow that.

Creamer
Creamer
22 hours ago
Reply to  Harry

Talking Canada up isn’t a great idea given the GOP need to keep Michigan and Ohio, as well as states that heavily trade with Canada like Kansas and Iowa. Not that the GOP cares because they’re all east coast rich and have not a clue how mad farmers are over this.

top gnome
top gnome
9 hours ago
Reply to  Creamer

one can hope

Quatloo
Quatloo
22 hours ago
Reply to  Harry

“In the meantime, how to get Iran off the front pages? I doubt Iran will allow that.”

Attacking an Iranian island today doesn’t help. Iran is promising a deadly response. It makes me wonder if Trump and Hegseth have been planning a major September 1st attack/invasion and want to make it look like the US was provoked.

Flavia
Flavia
20 hours ago
Reply to  Quatloo

They only attack on Sat. nights.

Tom
Tom
11 hours ago
Reply to  Flavia

Saturday nights alright for fighting according to Elton John

El Trumpedo
El Trumpedo
5 hours ago
Reply to  Tom

Given what I’ve observed of his behavior, Sir Elton knows fuck-all about fighting.

Tom
Tom
11 hours ago
Reply to  Harry

I’ll bet releasing the Epstein files, as required by law, would drop the Epstein war from the news

top gnome
top gnome
9 hours ago
Reply to  Tom

yes so many lifes gone and changed for ever just to protect molesters

top gnome
top gnome
9 hours ago
Reply to  Harry

Iran was to get epstein off the front pages. ever hear the nursery rhyme she swallowed a spider to catch a fly. epstein iran ww3

El Trumpedo
El Trumpedo
5 hours ago
Reply to  top gnome

Ok ok… ffs… just let the child molester go, or he’s going to kill us all.

Tony Frank
Tony Frank
23 hours ago

How many $billions has taco’s ill-fated and deranged policies cost the US, thus far? In fact, I read where the costs thus far are in the $trillion range.

Creamer
Creamer
23 hours ago

I think this will really ripple with tech, where American companies have been allowed to act like massively spoiled brats with user’s data for years now. Google just renamed Lake Ontario to “Lake America” for American users, how do you think Canada will respond to that?

Answer: Not well. The mag-7 of tech has depended on two things to fuel their rise to near government levels of power.

  1. A very friendly US government
  2. The US being powerful enough to bully other states looking to reel them in

For point one, the US government is now split down the middle. Like you said in a recent post, Democrats are bee-lining for power with an anti-big-tech agenda on deck. Data centers are heinously unpopular, and the robber baron behavior of tech giants has soured Americans on them. Dems say they want a reckoning, and given how those companies have kissed Trump’s fat orange ass I’d say they’re liable to get one.

For point two, America has completely demolished its ability to play that kind of game thanks entirely to one Donald Trump. Our allies are finding feet of their own and our enemies are happy to court them over. That means Google and Meta are going to have to adjust to a world where they’re actually accountable for their behavior, if they want to continue being a worldwide megacorp at least.

I personally foresee this being the beginning of the end of the tech megacorp as a concept. The internet being concentrated into a dozen or so websites was a fluke and will be historically viewed as one. There is simply no good reason to have a handful of companies, all American, able to surveil most of the world without a warrant, and decentralized replacements are already extant at the fringes waiting for a chance in the sun. We can only hope that this does not also lead into increased censorship and fragmentation, because that will end badly.

Summary: The faster Trump is out of office, the better for everyone. But you knew that already.

Name
Name
23 hours ago
Reply to  Creamer

Dont forget the change of the definition of Vaccine to “encourage” the acceptance of eugenics as prevention medicine

Creamer
Creamer
22 hours ago
Reply to  Name

Aren’t you a little far from 8chan Q?

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