How the India-EU trade agreement undermines US economic coercion

AI Summary
The India-EU trade agreement, hailed as the "mother of all deals," links a rapidly growing major economy with the world's largest single market. This comprehensive agreement, encompassing goods, services, investment, digital trade, and more, aims to reduce or eliminate tariffs on over 95% of exports between the two regions. The deal provides India with expanded market access for key sectors and Europe with supply chain resilience and a manufacturing partner outside of China. The US Treasury Secretary criticized the agreement, reflecting Washington's concerns about the declining effectiveness of sanctions and the increasing autonomy of Global South economies. The India-EU trade deal is significant due to its size and scope, covering nearly two billion people and a substantial portion of global GDP and trade.
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This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).
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