After years of negotiations, the India-EU trade agreement is massive.
Around 90% of tariffs between both sides are being removed, and EU goods exports to India are expected to double by 2032.
EU car tariffs drop from 110% to 10%, wine from 150% to 20%-30%.
In return, the EU removes tariffs on Indian jewelry, textiles, furniture, chemicals, leather, and metals.
What sectors do you think benefit the more from this? I
would love to hear your thoughts on this!
Source: @themarketmatrix (Blossom social)
Source: National-Theory1218
12 Comments
Who cares? 🤣
US is tarrifing India to help EU because india buys Russian oil.
EU goes behind scenes and signs trade deal with India. 🤣
I guess everyone needs to be looking out for themselves
I think the entire world should boycott the US until Trump is out of office. And I say that as an American.
A strong EU is good for the world.
The rest of the world is building new alliances because the USA has become an untrustworthy partner?
For those of you who don’t know, Modi’s been pro-US for a long time. Not sure if this is a way to move closer to the EU but everyone should be aware of this.
It’s like looking at an ex’s social media right after you broke up with them.
“We just broke up. How are you already moving on?”
“You’re hanging out with that guy!?! Of all people!?!”
It’s fine.. it won’t work out. It’ll fizzle out like we did”
“Fake smiles. They probably aren’t even happy. They’re just mad that I ended it… wait.. did *I* end it, or did they???? “
“I guess what we had wasn’t special, was it!?”
*After several months of sulking, proceeds to invade a peaceful country out of spite*
The obvious winners are European automakers getting tariffs cut from 110% to 10%, which makes premium brands like BMW, Mercedes, and Audi suddenly viable for India’s growing middle class. On the Indian side, jewelry and textiles are massive because India already dominates global production in both, and removing EU tariffs opens up a wealthy consumer base that values craftsmanship and design. I’d also watch chemicals and pharmaceuticals because India is a major generic drug producer and the EU has huge demand for cost-effective healthcare inputs.
As an American… I just feel shame and embarrassment. It fucking sucks here, dude.
Trump needs to wake up!
That deal includes free movement right? So who’s going to benefit? Only 1.4 billion Indians who want to leave India. Who won’t benefit Europeans for sure.