India and the United States are reportedly preparing to finalize a trade deal that involves India reducing its Russian oil imports in exchange for lower U.S. tariffs. These negotiations follow an earlier collapse in talks over India’s refusal to open its agricultural and dairy markets.

A UK official has confirmed that former President Donald Trump is expected to announce the outline of a US-UK trade deal, marking significant progress in negotiations. The anticipated agreement is likely to include lower tariff quotas on steel and cars, potentially easing trade tensions between the two nations.