The European Union and United Kingdom continue affirming that they want to reach an agreement for Brexit in the next few weeks. "We're working to the October deadline," Prime Minister May's spokesman, Greg Swift, told reporters in London on Tuesday. "Both sides have agreed to increase the pace of negotiations. That's what we're doing."

But behind the scenes, they recognize that it is highly improbable with the negotiations progressing slower than they hoped. Now the EU and U.K. are considering granting a few more days until mid-November at the latest.

India’s tariff hike on the United States  

On June 20, 2018 India proposed a retaliatory tariff on certain goods imported in significant proportion from the U.S. The decision was reached in response to the increased tariff on steel and aluminum imposed by the U.S. in March to protect its national security. According to the notification released on August 3, 2018 by India’s Ministry of Finance (Department of Revenue), the increased tariff which was to come into effect on August 4, 2018 will now come into force on September 18, 2018.

On June 14, 2018 India informed the World Trade Organization (WTO) that it would impose additional duty on 30 commodities imported from the U.S. In the revised notification submitted to the WTO Council for Trade in Goods, India argued that the suspension of concessions or other obligations on these commodities was on par to the losses India would incur due to the safeguard measures adopted by the U.S. earlier this year.

By implementing this measure India would breach the WTO mandated bound tariff rates, the rate which is applied to all the WTO member states under the most favored nation scheme.