Tariff News Live: India eyes quick interim trade deal with EU amid Trump's tariff flip-flops

India is swiftly negotiating an interim trade deal with the European Union as it seeks to mitigate potential disruptions from fluctuating U.S. tariff policies under President Donald Trump. The recent announcement of a proposed 50 percent import tariff on copper by the U.S. has raised concerns among global trade partners. However, Indian companies are expected to remain largely unaffected, providing an opportunity for India to strengthen its economic ties with Europe. The proposed EU deal aims to enhance bilateral trade and investment, offering Indian exporters alternative markets and reducing reliance on U.S. trade dynamics. This strategic move comes at a critical juncture, as India seeks to stabilize its trade ecosystem amid global uncertainties. By focusing on sectors like technology, pharmaceuticals, and textiles, India hopes to unlock new growth avenues and bolster its economic resilience. While Trump's tariff policies have caused ripples across global markets, India's proactive approach in securing a deal with the EU underscores its commitment to safeguarding its economic interests. The interim agreement is expected to pave the way for a comprehensive trade pact, potentially boosting trade volumes and fostering long-term economic cooperation between India and the EU.

— Authored by Next24 Live