""We have suffered massive losses since the tariffs, people in the US were our major clients," he told DW. "And we hope that a deal with the Europeans will help us, and everybody.""
""Despite longstanding arguments in favor of a closer partnership, including shared competition with China and trade incentives for both parties, it was Russia's invasion of Ukraine and Trump's punitive tariffs that have brought momentum to the relationship," said Praveen Donthi, a senior analyst at the International Crisis Group based in Delhi."
"Before the summit, European Commission President Ursula von der Leyen and European Council President Antonio Costa will be the chief guests at India's Republic Day celebrations on Monday, when diverse floats from all over country will be on display alongside parading tanks and soldiers."
Indian small business owners report significant losses after US-imposed 50% tariffs reduced sales to American clients, and they expect a EU–India trade deal to revive trade. A garment seller anticipates new markets across India and expansion through closer EU ties. The EU is pursuing trade incentives and stronger defense cooperation to draw India away from Russia, contrasting with US efforts to deter Russian oil purchases via punitive tariffs. A high-stakes summit in New Delhi is set to finalize a free trade agreement and a security and defense partnership, with top EU officials attending Republic Day events.
Read at www.dw.com
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