India, UK agree ‘historic’ trade deal including tariff cuts | International Trade News

Both sides celebrate the landmark agreement, which was several years in the making.

India and the United Kingdom have agreed to a trade deal that comes after three years of negotiations and that they say will boost their economies amid the fallout from US President Donald Trump’s tariffs.

The British government said on Tuesday that the deal “is expected to increase bilateral trade by 25.5 billion pounds [$34bn], UK GDP by 4.8 billion pounds [$6.4bn] and wages by 2.2 billion pounds…