India news: Landmark trade deal with UK takes effect
AI Summary
A landmark free trade agreement between India and the UK has taken effect, allowing zero-duty market access for nearly 99% of India's exports to the UK. Concurrently, US senators have proposed a bill to impose 100% tariffs on India due to its purchases of Russian oil.
The free trade agreement allows zero-duty market access for nearly 99% of India's exports to the UK. Meanwhile, US senators have proposed a new bill to impose 100% tariffs on India over Russian oil purchases.
Politics Markets Deals Commodities India UK free trade agreement US tariffs Russian oil exports trade policy