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India, EU Clinch Long-Delayed Trade Deal Amid Trump’s Tariff War

6 15
wednesday

Welcome back to World Brief, where we’re looking at the India-European Union free trade deal, the United Kingdom’s shift toward Chinese investments, and the United States officially exiting the Paris Agreement.

After nearly 20 years, India and the European Union clinched a massive free trade deal on Tuesday aimed at deepening strategic and economic ties between two of the world’s biggest markets. But more than its content, the agreement’s timing highlights how much of the world is seeking to combat U.S. President Donald Trump’s unpredictable trade policies.

Welcome back to World Brief, where we’re looking at the India-European Union free trade deal, the United Kingdom’s shift toward Chinese investments, and the United States officially exiting the Paris Agreement.

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After nearly 20 years, India and the European Union clinched a massive free trade deal on Tuesday aimed at deepening strategic and economic ties between two of the world’s biggest markets. But more than its content, the agreement’s timing highlights how much of the world is seeking to combat U.S. President Donald Trump’s unpredictable trade policies.

This is “the mother of all deals,” European Commission President Ursula von der Leyen wrote in a post on X on Tuesday. In a separate statement, she said that in concluding the deal, India and the European Union “have sent a signal to the world that rules-based cooperation still delivers great outcomes.”

In his second term, Trump has pursued strong-arm trade tactics against both allies and adversaries alike as part of his “America First” agenda. Last summer, the United States imposed an extra 25 percent duty on Indian goods to punish New Delhi for its continued purchases of Russian oil. And in recent weeks, the White House has threatened its European allies with stiff duties over their objections to Trump’s ambitions to acquire Greenland—though Trump has since walked back those punitive measures amid a potential deal with NATO.

Still, the U.S. president’s volatile trade strategy has all but halted separate U.S. trade talks with........

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