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EU-India Trade Deal Finalized, Aims to Counter U.S. Tariffs

1/28/2026

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Story summary
  • The EU-India trade deal was finalized after two decades of negotiations.
  • It is seen as a strategic response to U.S. tariff threats under U.S. President Donald Trump.
  • The agreement aims to gradually eliminate tariffs on most imports, strengthening economic ties and reducing reliance on China.
  • Treasury Secretary Scott Bessent claimed the deal undermines U.S. interests.
  • Indian officials remain optimistic about maintaining a positive relationship with the U.S. despite ongoing tensions.