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The Times of India

Business / The Times of India

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Trade deal with EU may have spurred US announcement

There are strong reasons why India and the US should have strong trade ties. Each has comparative advantages and they have complementarities that explained the hope that the first trade deal under Trump 2.0 will be with India. But, things went haywire for reasons not related to trade: Indias refusal to engage Trumps claims on Operation Sindoor and the pressure on him domestically to appear tough on Moscow resulting a 25% secondary tariff for Indias purchase of Russian crude.

4 Feb 2026 1:53 am