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UK and India clinch major trade deal in ‘new era’ of Trump tariffs

New Delhi | Britain and India clinched a long-coveted free trade pact on Tuesday after tariff turmoil sparked by US President Donald Trump forced the two sides to hasten efforts to increase their trade in whisky, cars and food.

The deal, between the world’s fifth- and sixth-largest economies, was sealed after three years of stop-start negotiations and aims to increase bilateral trade by a further £25.5 billion ($52.5 billion) by 2040.

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Reuters

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    Original URL: https://www.afr.com/world/europe/britain-and-india-clinch-major-trade-deal-in-new-era-of-trump-tariffs-20250507-p5lx4i