Caroline Hepke

The European Union and India have agreed a trade deal after nearly two decades of negotiations.

European Commission President Ursula von der Leyen said in a post on X, we have concluded the mother of all deals, creating a free trade zone of two billion people.

Indian Prime Minister Narendra Modi described the agreement as significant, with tariffs on most consumer and industrial goods to be lowered.

The announcement comes just days after the EU signed a separate trade deal with the Mercosur bloc of South American countries as it tries to pivot away from the US and China.

The pact is expected to be formally signed after legal vetting and ratification by the European Parliament.

President Donald Trump's U.S.

Border Patrol commander is expected to leave Minneapolis following a public outcry over the killing of two U.S.

citizens by federal agents.

Gregory Bovino has been the face of a sweeping U.S.

immigration crackdown.

White House Press Secretary Caroline Leavitt says the administration is sending border czar Tom Homan to the city to ease tensions.

Caroline Levitt there praising Homan, who is set to meet with the Minneapolis mayor, Jacob Frey, today to discuss coordination between federal and local law enforcement.

Meanwhile, Senate Democrats are resisting approving funding for the Department of Homeland Security without new safeguards, increasing the likelihood of another U.S.

government shutdown as a January 30th deadline looms.

I'm Caroline Hepke and this is Bloomberg.

News when you want it with Bloomberg News Now.

I'm Caroline Hepke.

U.S.

officials have renewed the threat of possible military action against Iran after President Trump suggested the country's regime may have averted strikes by pledging not to execute protesters.

Here's what the U.S.