In response to tariffs imposed by the Donald Trump government, India is expressing confidence in its ability to navigate the economic challenge. Government sources indicate a strategy focused on deepening trade relationships with European nations. Negotiations for a Free Trade Agreement (FTA) with the European Union, which have been ongoing since 2022, are reported to be at an advanced stage. This is complemented by the signing of a trade pact with the European Free Trade Association (EFTA) and a separate agreement with the United Kingdom. Sources state a belief in a “track record of converting crisis into opportunity.” While there is optimism about opening new markets, concerns remain about the impact on sectors like aqua, gems and jewelry, and textiles, with fears of potential job losses. #tradewars #trumptariffs #india #itwebvideos #euindiafta #efta #uktrade #tradeagreement #indianeconomy #globaltrade #economicreforms #foreignpolicy #makeinindia #joblosses #textiles #jewelry
Subscribe to India Today for NEW VIDEOS EVERY DAY and make sure to enable Push Notifications so you’ll never miss a new video.
All you need to do is PRESS THE BELL ICON next to the Subscribe button!
India Today TV is India’s leading English News Channel. India Today YouTube channel offers latest news videos on Politics, Business, Cricket, Bollywood, Lifestyle, Auto, Technology, Travel, Entertainment and a lot more.
Stay tuned for latest updates and in-depth analysis of news from India and around the world!
WhatsApp Channel: https://whatsapp.com/channel/0029Va2AnW3JENxxg7OuJv00
Download App: https://indiatoday.link/wHaj
Follow us: Official website: https://www.indiatoday.in/
Twitter: https://twitter.com/IndiaToday
Facebook: https://www.facebook.com/IndiaToday
