U.K., India seal trade deal amid fallout of Trump tariff wars

Quick Summary:

Prime Minister Keir Starmer and Indian counterpart Narendra Modi touted the prospect for expanding a £42.6 billion ($57 billion) trading relationship on Tuesday while announcing the deal.

The UK’s Department of Business and Trade UK said Indian consumers would gain cheaper access to British cosmetics, aerospace, lamb, medical devices, salmon, electrical machinery, soft drinks, chocolate and biscuits, it said.

The UK said it expected the trade deal with India to boost bilateral trade by £25.5 billion a year over the long run.

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Article Details

Author / Journalist: Shruti Srivastava, Joe Mayes, Bloomberg

Category: EconomyBusiness

Markets: United StatesIndia

Topics: United Kingdom U.K. United Kingdom Donald Trump Tariffs and trade Tariffs

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-06 @ 16:36:16 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 1135 words

Reading Time: 7 minutes read

Sentences: 5 lines

Sentence Length: 227 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28443311

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