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Here are the refined key foreign trade news summaries on January 29, 2026, in English, with core impacts highlighted for WEIGUXING’s glue export business.
1. EU – India Landmark FTA Finalized (Jan 29, 2026)
- After nearly 20 years of talks, the EU and India formally concluded a historic Free Trade Agreement (FTA) via video conference between European Commission President Ursula von der Leyen and Indian Prime Minister Narendra Modi.
- Core terms: Tariffs on 90% of goods will be phased out over 5 years; covers autos, electronics, agri – food, textiles, pharmaceuticals, and chemicals.
- Expected impact: Bilateral trade volume to surge by €30 billion annually; EU gains access to India’s growing consumer market, while India boosts exports in textiles, footwear, and fisheries.
- Relevance for WEIGUXING: New opportunities in EU – India chemical/construction supply chains; adjust pricing and certification to align with tariff phase – outs for silicone sealants, anchoring adhesives.
2. US November 2025 Trade Deficit Soars 95% Mom (Jan 29, 2026)
- Data from the U.S. Bureau of Economic Analysis and Census Bureau shows the U.S. trade deficit widened to $56.8 billion in November 2025, up sharply from the revised $29.2 billion in October.
- Breakdown: Exports reached $292.1 billion, imports hit $348.9 billion, driven by rising consumer goods imports and falling industrial exports.
- Relevance for WEIGUXING: Reflects strong U.S. demand for industrial inputs; secure competitive pricing and timely delivery to maintain market share amid potential import policy shifts.
3. Fed Holds Rates at 3.5% – 3.75%, Signals Data – Dependent Stance (Jan 29, 2026)
- The Federal Reserve kept the federal funds rate unchanged in its first 2026 meeting, with a 10 – 2 vote (two dissenters favored a 25bp cut).
- Chair Jerome Powell stated inflation remains elevated, and rate cuts will depend on economic data, dashing market hopes for early monetary easing.
- Relevance for WEIGUXING: Sustained high U.S. rates may strengthen the dollar, raising costs for non – dollar – denominated exports; hedge currency risks and offer flexible payment terms for U.S. clients.
4. EU Imposes New Sanctions on Iran (Jan 29, 2026)
- The EU Council added 15 individuals and 6 entities to its sanctions list, including senior Iranian officials and IRGC commanders, bringing the total to 247 individuals and 50 entities.
- Measures include asset freezes, travel bans, and restrictions on financial transactions.
- Relevance for WEIGUXING: Avoid transactions with sanctioned Iranian entities; comply with EU regulations to prevent supply chain disruptions and legal risks.
5. Germany Cuts 2026 Growth Forecast to 1%, Weakens (Jan 29, 2026)
- The German government lowered its 2026 GDP growth projection to 1% (down 0.3pp from autumn 2025), citing weak recovery and underwhelming fiscal stimulus.
- Foreign trade is no longer a growth driver, as export – oriented sectors face geopolitical and policy uncertainties.
- Relevance for WEIGUXING: Germany is a key EU market for construction and industrial glues; focus on high – value – added products and explore emerging EU markets to offset weak German demand.