Arnab Goswami's Bitter Reality Check For 'Isolated' Trump As India Set To Ink Mother of All Deals
In a historic free trade agreement known as the "mother of all deals," India and the EU reduced tariffs on European automobiles from 110% to 40% at first (and then to 10% later). This opened India's 1.4 billion-strong market to companies like Volkswagen and BMW and increased Indian exports of jewelry and textiles that were previously subject to 50% duties from the US. The agreement, which was announced during the EU-India Summit in New Delhi on Republic Day 2026, covers goods, services, and regulations but leaves out sensitive agricultural and dairy products. EU leaders including Ursula von der Leyen, attended as guests, forming a 2 billion-person trade bloc amid international concerns. Does this diversify the EU away from dependency on the US and China and marginalize America under Trump tariffs, asks Editor-in-Chief Arnab Goswami? Critics dread labor and environmental concessions, while the BJP praises strategic autonomy.
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