Q&A: As the U.S. Turns Its Back on Free Trade, What Are Other Countries Doing?
Faced with U.S. barriers, countries are attempting to ease trade among themselves. Max Colchester and Kim Mackrael report on some of the latest deals .
A: On Tuesday, the U.K. and India announced the completion of a trade agreement that had been stuck for several years. Britain said India had reduced duties on 90% of goods, and within a decade, most of those will become tariff-free. The U.K. in turn has cut taxes on Indian products, including footwear and jewelry, and made it easier for Indian professionals, including chefs and yoga teachers, to enter the country.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
7 minutes ago
- Bloomberg
Bloomberg: The China Show 06/12/2025
'Bloomberg: The China Show' is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, Yvonne Man and David Ingles give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
Bloomberg
8 minutes ago
- Bloomberg
Bank of France Cuts Growth Forecasts as Trade Tensions Hit
The Bank of France cut its economic-growth and inflation forecasts through 2027 as the fallout from US tariffs dulls activity in Europe. The central bank now sees the euro area's second-largest economy expanding 0.6% this year and 1% in 2026, while in March it forecast 0.7% and 1.2%. It also trimmed its 2027 prediction by 0.1 point to 1.2%.
Bloomberg
9 minutes ago
- Bloomberg
UK Goods Exports to US Fall Most on Record as Trump Tariffs Hit
Britain's goods exports to the US fell in April by the largest amount for any month since records began in 1997 after President Donald Trump launched his global trade war. Goods shipments to the US including precious metals fell by £2 billion ($2.7 billion) from March, which the Office for National Statistics said was 'likely linked to the implementation of tariffs on goods imported to the United States.' It left sales to the US at £4.1 billion, the lowest since February 2022.
