Allies Speed EU–India and EU–Mercosur Trade Deals to Hedge Against Trump Tariffs and Greenland, EV Disputes
7d
Developing
3
Facing repeated tariff threats from the Trump administration — including disputes over Greenland and electric-vehicle tariffs — EU trading partners moved to speed long-stalled megadeals like EU–India and EU–Mercosur to diversify away from U.S. exposure. The EU–India pact cuts Indian tariffs on EU autos from as high as 110% to 10% and opens EU markets for Indian farmers, textiles and other exporters, with EU–India trade now about $137 billion versus roughly $132 billion with the U.S., and experts say these agreements were accelerated as governments also reduce reliance on U.S. tech services and dollar assets.
Global Trade and Tariffs
Donald Trump
India–EU Relations