Bengaluru, 30 September, 2025: While US President Trump’s tariffs may continue to have a major impact on trade flows, business leaders remain relatively upbeat about global trade prospects for their companies.

During the most turbulent period for global trade in decades, business leaders and finance professionals were surveyed and interviewed for a major report The outlook for global trade: perspectives from business leaders by leading global accountancy body ACCA (the Association of Chartered Certified Accountants).

While 85% of respondents were concerned about the impacts of tariffs on their organisations, the results show company bosses surprisingly positive about the future. The survey found optimistic views, with 56% of respondents expecting their organisations to increase their amount of global trade ‘significantly’ or ‘somewhat’ in the next three to five years. While less optimistically, 23% expected trade to decrease ‘somewhat’ or ‘significantly’.

A majority of C-suite executives were even more positive about the future, with 38% and 29% of respondents respectively expecting their firm’s amount of global trade to increase ‘significantly’ or ‘somewhat’.

Jonathan Ashworth, Chief Economist, ACCA, said: ‘2025 has been a monumental year for international trade, with the US raising its import tariffs to their highest level since the 1930s.

‘The global economy has so far proved more resilient than expected to the disruptions in global trade, but the risk is for some slowing over coming quarters. Nevertheless, the survey results suggest that business leaders appear relatively optimistic about their enterprises’ medium-term trade prospects, and they are overwhelmingly positive about the benefits of an open global trading system.’

Md. Sajid Khan, Director – India at ACCA added: ‘From our own interviews with business leaders and policy experts, it seems that they are not expecting an outright fall in global trade. However, rising protectionism and geopolitical tensions were clearly seen as important headwinds for its future growth. Rising tariffs were not viewed as the only friction in international trade, sanctions were also cited as a key issue.’

Perhaps it was not surprising that ‘geopolitical tensions’, ‘international or civil conflicts/wars’ and ‘protectionist policies in advanced economies’ were viewed as the top three risks. Business leaders were equally clear on the top three opportunities as well, which may in part explain their optimism for the future. Firmly in first place, cited by half of all respondents, was to ‘use technology (e.g. AI) to help facilitate global trade’ followed by ‘diversifying production, investment, or location of suppliers’ and ‘gain access to new technologies’.

The major changes in US trade policy could have profound impacts on future global trade patterns and flows. The survey revealed that 60% of organisations have already moved the location of some of their production, investment or suppliers in recent years, and 61% say they are likely to do so in the next few years.

The research also flagged another danger: economists warn that a less open and more fragmented global trading system is likely to push up prices, and this was confirmed by the survey. Around 35% of respondents report that their organisation’s costs are likely to increase by more than 10% due to changes in global trade in the coming years, while 46% expect them to increase by up to 10%. 11% expect them to stay the same, while just 6% expect them to decrease.

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Pelosi said the commission will investigate and report on the facts and causes relating to the January 6, 2021, domestic terrorist attack upon the United States Capitol Complex and relating to the interference with the peaceful transfer of power.”

In a letter to Democratic colleagues, Pelosi said the House will also put forth supplemental spending to boost security at the Capitol.

After former President Donald Trump’s acquittal at his second Senate impeachment trial, bipartisan support appeared to be growing for an independent commission to examine the deadly insurrection.

Investigations into the riot were already planned, with Senate hearings scheduled later this month in the Senate Rules Committee. Pelosi, D-Calif., asked retired Army Lt. Gen. Russel Honor to lead an immediate review of the Capitol’s security process.

In her letter Monday, Pelosi said, It is clear from his findings and from the impeachment trial that we must get to the truth of how this happened.

She added, As we prepare for the Commission, it is also clear from General Honor ‘s interim reporting that we must put forth a supplemental appropriation to provide for the safety of Members and the security of the Capitol.

Lawmakers from both parties signaled that even more inquiries were likely. The Senate verdict Saturday, with its 57-43 majority falling 10 votes short of the two-thirds needed to convict Trump, hardly put to rest the debate about the Republican former president’s culpability for the Jan. 6 assault.

There should be a complete investigation about what happened, said Louisiana Sen. Bill Cassidy, one of seven Republicans who voted to convict Trump. What was known, who knew it and when they knew, all that, because that builds the basis so this never happens again.

Cassidy said he was attempting to hold President Trump accountable, and added that as Americans hear all the facts, more folks will move to where I was. He was censured by his state’s party after the vote.

An independent commission along the lines of the one that investigated the Sept. 11 attacks would probably require legislation to create. That would elevate the investigation a step higher, offering a definitive government-backed accounting of events. Still, such a panel would pose risks of sharpening partisan divisions or overshadowing President Joe Biden’s legislative agenda.

There’s still more evidence that the American people need and deserve to hear and a 9/11 commission is a way to make sure that we secure the Capitol going forward, said Sen. Chris Coons, D-Del., a Biden ally. And that we lay bare the record of just how responsible and how abjectly violating of his constitutional oath President Trump really was.

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Trump alleges that there was a massive voter fraud. Election officials and the media have said that there is no evidence to back his claims. He has also lost dozens of lawsuits.

“The president spends more time whining and complaining than doing something about the problem. I don’t know why he still wants the job. He doesn’t want to do the work,” Biden said on Monday at a drive-in election rally in Georgia where he sought support for two Democratic candidates.

on Wednesday at the U.S. Capitol, throngs of people pushed past police who were trying to block them from entering the building as lawmakers inside debated counting electoral college votes confirming Biden’s victory. A mob was able to breach security and successfully enter the building.

many protesters  loyal to President Donald Trump stormed the U.S. Capitol on Wednesday and forced lawmakers into hiding, in a stunning attempt to overturn America’s Presidential election, undercut the nation’s democracy and keep Democrat Joe Biden from replacing Mr. Trump in the White House.

The nation’s elected representatives scrambled to crouch under desks and don gas marks, while police futilely tried to barricade the building, one of the most jarring scenes ever to unfold in a seat of American political power. four person died in shooting by security forces  and Washington’s mayor instituted an evening curfew in an attempt to contain the violence.

The rioters were egged on by Mr. Trump, who has spent weeks falsely attacking the integrity of the election and had urged his supporters to descend on Washington Wednesday to protest Congress’ for approval of BIDEN as president .Some Republican lawmakers were in the midst of raising objections to the results on his behalf when the proceedings were abruptly halted by the mob.

meanwhile The top Democrats in Congress, House of Representatives Speaker Nancy Pelosi and Senate Democratic leader Chuck Schumer, have called on Vice President Mike Pence and Trump`s Cabinet to use the US Constitution to remove Trump for “his incitement of insurrection.”

The 25th Amendment allows a majority of the Cabinet to remove a president from power if he is unable to discharge the duties of the office.

But a Pence adviser said the vice president, who would have to lead any such effort, was opposed to using the amendment to oust Trump from the White House, reported Reuters

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“The demonstrators who infiltrated the Capitol have defiled the seat of American democracy,” Trump said of the violence, which left several people dead. “To those who engage in the acts of violence and destruction: you do not represent our country. And to those who broke the law: you will pay.”

The video followed a wave of resignations from his administration and calls from top congressional Democrats, former White House aides, business leaders, and even the editorial page of the Wall Street Journal for Trump’s removal from office over his role in inciting the insurrection. Members of Congress have also discussed impeachment.

Before throngs of his supporters marched on the Capitol, overwhelmed police barricades and broke into the building, Trump, in a fiery address at midday Wednesday, exhorted them to “stop the steal” and make a stand for his presidency. In egging on the mob, he repeated false claims of voter fraud even as both houses of Congress were preparing to certify Biden’s victory in the Electoral College vote.

But on Thursday Trump called for “healing and reconciliation” and said he would turn his focus to the transition, in a message that appeared designed to quell growing alarm among even his closest allies and aides.

“A new administration will be inaugurated on Jan. 20th,” Trump said. “My focus now turns to ensuring a smooth, orderly and seamless transition of power.”

The video was released late on a day of mounting demands for his immediate departure from office — even though his term ends on Jan. 20. They included calls for his resignation, a new impeachment inquiry and for Vice President Mike Pence to undertake extraordinary constitutional measures to oust him.

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Joseph Robinette Biden Jr. has defeated Donald Trump to become the 46th U.S. president, unseating the incumbent with a pledge to unify and mend a nation reeling from a worsening pandemic, faltering economy and deep political divisions.

Biden’s victory came after the Associated Press, CNN and NBC showed him winning Pennsylvania and gaining more than the 270 Electoral College votes needed to secure the presidency. Trump sought to undermine the outcome, baselessly accusing Democrats of trying to steal the election and claiming victory before the race was called.

Biden’s running mate, California Senator Kamala Harris, 56, becomes the first Black and Indian-American woman to serve as vice president, a glimpse at a coming generational shift in the party.

Biden, 77, will become the oldest president-elect in U.S. history and the first to oust a sitting commander-in-chief after one term since Bill Clinton defeated George H.W. Bush in 1992.

Biden won 284 Electoral College votes, according to the AP, which earlier had called Arizona for the Democrat. Several other networks have yet to call Arizona, leaving Biden with 273 Electoral College votes in their counts, still plenty to claim the presidency.

But the incoming president’s goal of uniting the country will be made more difficult by Trump’s unfounded allegations of fraud and with control of the U.S. Senate up in the air, awaiting two runoffs in Georgia in January.

If Republicans hold the Senate, Biden’s agenda of tax hikes on the wealthy and corporations and climate-friendly energy policies could be stymied in Congress. Democrats maintained control of the House of Representatives.

Biden won back the battleground states of Michigan, Wisconsin and Pennsylvania — the so-called Blue Wall that delivered the presidency to Trump in 2016. Buoyed by historic turnout, Biden reaped 4 million more votes than Trump nationwide, as of Saturday morning, winning at least 74 million votes to Trump’s 70 million.

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Democrat Joe Biden with wins in Michigan and Wisconsin bringing him close to a majority, but President Donald Trump responded with fury as his campaign sued to suspend vote counting.

In a brief address on national television, Joe Biden said he wasn’t yet declaring victory, but that “when the count is finished, we believe we will be the winners.”

In stark contrast to Donald Trump’s increasingly heated rhetoric about being cheated, Joe Biden sought to project calm, reaching out to a nation torn by four years of polarizing leadership and traumatized by the Covid-19 pandemic, with new daily infections Wednesday close to hitting 100,000 for the first time.

American presidential elections are decided not by the popular vote but by securing a majority in the state-by-state Electoral College, which has 538 members.

More than 100 million Americans cast their ballots in advance of Tuesday’s Election Day, according to the US Elections Project watchdog, a record figure largely attributed to the COVID-19 pandemic, reported news agency AFP.

As US President Donald Trump and his allies flooded social media on Wednesday with false claims of victory and unsupported allegations of voter fraud, social media companies warned users the presidential election had yet to be decided.

The posts on Twitter, Facebook and other sites are imposing a real-time test of Silicon Valley’s much-touted rules on handling election misinformation and premature claims of victory.

But it is not clear whether the disclaimers and fact-checks, which often occur well after posts have been shared tens of thousands of times, are curbing the circulation of baseless claims. And in the case of Facebook, staff rewrote some of their rules on the fly.

Critics say that, in environments explicitly built to promote instant sharing and viral posts, bland disclaimers do not cut it.

“We’re on the brink here,” said Jessica Gonzalez, co-CEO of the advocacy group Free Press. She said Facebook should take down disinformation rather than just flag it.

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US President Donald Trump and first lady Melania have tested positive for the coronavirus and flown to military hospital for further treatment. the president tweeted on Friday, a development that is likely to bring to standstill his hectic election campaign.
Trump was flown to Walter Reed National Military Medical Center after being given an experimental antibody treatment as the White House rushed to cope with a commander in chief infected by a virus that has killed more than 208,000 people in the United States. Officials said he would remain in the hospital for several days and canceled his upcoming campaign events.

The White House shrouded Trump’s condition in secrecy, saying little more than that he had “mild symptoms,” and officials characterized the hospital stay as a precautionary measure. But the normally voluble president remained almost entirely out of public view, skipped a telephone call with governors at the last minute and uncharacteristically stayed off Twitter nearly all day while people close to the situation said his fever and other symptoms worsened as the hours wore on.

“Tonight, @FLOTUS and I tested positive for COVID-19. We will begin our quarantine and recovery process immediately. We will get through this TOGETHER! 74-year-old Trump tweeted.

In a statement, Trump’s physician Dr. Sean Conley said he received confirmation of the positive tests on Thursday evening.

“The President and First Lady are both well “The White House medical team and I will maintain a vigilant watch, and I appreciate the support provided by some of our country’s greatest medical professionals and institutions,” Conley said.

Trump’s positive report comes just hours after his senior aide Hope Hicks was tested COVID-19 positive.

“Hope Hicks, who has been working so hard without even taking a small break, has just tested positive for COVID-19. Terrible! The first lady and I are waiting for our test results. In the meantime, we will begin our quarantine process! Trump earlier said in tweet.

Hicks, 31, is the closest aid of the president to have tested positive with coronavirus. She had travelled with the president on Air Force One early this week.

Trump, in an interview to Fox News, on Thursday night said he and the first lady spend a lot of time with her.

In the middle of the election campaign, Trump has been travelling a lot in particular in the battleground States. The development is likely to bring to standstill his hectic campaign for the November 3 presidential election.

In a statement, Judd Deere, the Deputy White House Press Secretary said that the President takes the health and safety of himself and everyone who works in support of him and the American people very seriously.

White House Operations collaborates with the Physician to the President and the White House Military Office to ensure all plans and procedures incorporate current CDC guidance and best practices for limiting COVID-19 exposure to the greatest extent possible both on complex and when the President is travelling,” Deere said earlier.

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Israeli Prime Minister Benjamin Netanyahu said the accord represented a “historic day” as he welcomed a “new era” in his country’s relations with the Arab world.

US President Donald Trump said he would host the Israeli and UAE leaders at the White House for the signing of the peace deal in around three weeks.

“I look forward to hosting them at the White House very soon to formally sign the agreement,” he said at media briefing on Thursday.

“We’ll probably be doing it over the next, I would say, three weeks.”

Netanyahu had committed to the annexation of the land sought by the Palestinians but Trump asked him to put those plans on hold, the Israeli PM said. Netanyahu noted the annexation may still go ahead someday but only in cooperation with Washington. The Israeli leader stated: “There is no change to my plan to extend sovereignty, our sovereignty in Judea and Samaria, in full coordination with the United Arab.

The Crown Prince of Abu Dhabi took to social media to confirm the arrangement. “During a call with President Trump and Prime Minister Netanyahu, an agreement was reached to stop further Israeli annexation of Palestinian territories,” Sheikh Mohammed bin Zayed Al-Nahyan wrote on his verified Twitter account. “The UAE and Israel also agreed to cooperation and setting a roadmap towards establishing a bilateral relationship.”

The landmark deal, once signed, would make the UAE only the third nation in the Arab world, along with Egypt and Jordan, to have full diplomatic relations with Israel.

Trump delivered a statement from the Oval Office in which he said: “After 49 years, Israel and the United Arab Emirates will fully normalize their diplomatic relations. Now that the ice has been broken I expect more Arab and Muslim countries will follow the United Arab Emirates.”

Ron Dermer, Israel’s ambassador in Washington, described the accord as a “great day for peace,” before adding, “Israel deeply appreciates all President Trump has done to make this breakthrough possible.”

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New guidelines issued Monday by federal immigration authorities.

The guidelines, issued by US Immigration and Customs Enforcement, provide additional pressure for universities to reopen even amid growing concerns about the recent spread of COVID-19 among young adults. Colleges received the guidance the same day that some institutions, including Harvard University, announced that all instruction will be offered remotely.

President Donald Trump has insisted that schools and colleges return to in-person instruction as soon as possible. Soon after the guidance was released, Trump repeated on Twitter that schools must reopen this fall, adding that Democrats want to keep schools closed “for political reasons, not for health reasons.”

“They think it will help them in November. Wrong, the people get it!” Trump wrote. Under the updated rules, international students must take at least some of their classes in person. New visas will not be issued to students at schools or programs that are entirely online. And even at colleges offering a mix of in-person and online courses this fall, international students will be barred from taking all their classes online.

“Non immigrant F-1 and M-1 students attending schools operating entirely online may not take a full online course load and remain in the United States,” US Immigration and Custom Enforcement said in a statement.

“Active students currently in the United States enrolled in such programs must depart the country or take other measures, such as transferring to a school with in-person instruction to remain in lawful status,” ICE said.

“If not, they may face immigration consequences including, but not limited to, the initiation of removal proceedings.”

ICE said the State Department “will not issue visas to students enrolled in schools and/or programs that are fully online for the fall semester nor will US Customs and Border Protection permit these students to enter the United States.”

F-1 students pursue academic coursework and M-1 students pursue “vocational coursework,” according to ICE.

Universities with a hybrid system of in-person and online classes will have to show that foreign students are taking as many in-person classes as possible, to maintain their status.

“The cruelty of this White House knows no bounds,” tweeted Senator Bernie Sanders.

“Foreign students are being threatened with a choice: risk your life going to class-in person or get deported,” he said.

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Trump admin order also suspends and limits entry into the US of H-1B, H-2B and L visas and their dependents till December 31, 2020. It also includes certain categories of J visas like an intern, trainee, teacher, camp counselor, or summer work travel programme.

Trump said the step was essential to help millions of Americans who have lost their jobs due to the current economic crisis.

Issuing the proclamation ahead of the November presidential elections, Trump has ignored the mounting opposition to the order by various business organisations, lawmakers and human rights bodies.

The proclamation that comes into effect on June 24, is expected to impact a large number of Indian IT professionals and several American and Indian companies who were issued H-1B visas by the US government for the fiscal year 2021 beginning October 1.

They would now have to wait at least till the end of the current year before approaching the US diplomatic missions to get stamping. It would also impact a large number of Indian IT professionals who are seeking renewal of their H-1B visas.

“In the administration of our Nation’s immigration system, we must remain mindful of the impact of foreign workers on the United States labour market, particularly in the current extraordinary environment of high domestic unemployment and depressed demand for labour,” said the proclamation issued by Trump.

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