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Nigeria and Switzerland have committed to strengthening ties across trade, security, migration, and cultural exchange, with plans for the return of Benin artefacts and exploring a potential free trade agreement.
Australia and the European Union have successfully concluded a significant trade deal aimed at reducing tariffs and enhancing cooperation in critical minerals, thereby decreasing reliance on China. The agreement, which came after extensive negotiations, is expected to bolster economic ties and trade flows.
On January 27, 2026, US President Donald Trump announced a significant increase in tariffs on South Korean imports, raising the rate from 15% to 25%. This decision affects various goods, including automobiles and pharmaceuticals, and stems from his dissatisfaction with South Korea's legislative actions.
