India’s U.S. and EU trade deals: Who will gain

The trade pact between India and the U.S. — which will see tariffs on Indian exports lowered to 18% from 25% — comes less than a week after India reached a major free trade agreement with the EU. Announcing the deal in a TruthSocial post, Trump said India had agreed to cease buying Russian crude oil. He had previously imposed an additional 25% levy in retaliation to this. India will switch to U.S., and potentially Venezuelan, oil, while also pledging to buy $500 billion in agriculture, tech, energy, and other products, Trump said. While many specific details of the India-U.S….