Thursday, August 13
New Delhi: A brewing tariff war between the US and the European Union may stimulate Indian exports to the 27-nation EU bloc, with both sides currently in the final leg of protracted negotiations for a proposed free trade agreement (FTA).Trade watchers say the EU now has an added incentive to deepen trade ties elsewhere, including India, with the US turning aggressive on European exports.On January 17, US president Donald Trump announced a 10% tariff on imports from Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands and Finland, explicitly tying the tariffs to Greenland after these countries backed Denmark's refusal to allow any US capture of Greenland. The US tariff will take effect on February 1, rising to 25% on June 1, and will continue until the US secures what Trump cal
