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US Trade Ties Reshaped: 85% Governed by New Deals

10/1/2025

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Summary

Story summary

The United States has reset core trade ties, with over 85% of imports governed by agreements with major partners including the European Union, China, and Canada, and a Switzerland-India deal expected by year-end.
Key issues remain, including ratification of trade deals and ongoing adjustments in US-China negotiations.
Sectoral tariffs on autos, steel, and pharmaceuticals affect about 10% of US imports.

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Story summary

The United States has reset core trade ties, with over 85% of imports governed by agreements with major partners including the European Union, China, and Canada, and a Switzerland-India deal expected by year-end.
Key issues remain, including ratification of trade deals and ongoing adjustments in US-China negotiations.
Sectoral tariffs on autos, steel, and pharmaceuticals affect about 10% of US imports.