The News
The UK and India struck a landmark trade deal Tuesday that could help insulate their respective economies from US President Donald Trump’s trade war.
The agreement lowers tariffs on a wide range of goods, including British alcohol and cars — which are especially vulnerable in Trump’s trade salvo — and Indian clothes and footwear.
While the talks began years ago, officials have sealed the deal at a moment of escalating worldwide trade tensions as the shockwaves from Trump’s tariffs ripple through the global economy: Both London and New Delhi are also looking to clinch their own pacts with Trump to avoid the punishing duties.
The deal marks Britain’s most valuable post-Brexit trade agreement — almost a decade after the UK voted to leave the European Union.