06-02-2026

India Strikes Trade Deals with US and EU

Date: 06-02-2026
Sources: cnbc.com: 1 | economist.com: 1 | scmp.com: 2
Image for cluster 11
Image Source:

Source: scmp.com

Image content: The image depicts a group of men standing on a stage, with large white letters spelling "BRICS" behind them. 1. The main subject or scene shown is a group of men holding hands on a stage. 2. The visible people are ten men dressed in formal attire, including suits and traditional clothing; the objects include a large white "BRICS" sign, a blue banner with "BRICS Brasil 2025" text, and a graphic design featuring multicolored shapes; the location appears to be a waterfront area with a mountain in the background. 3. The news-worthy elements visible include the presence of multiple world leaders and the "BRICS Brasil 2025" text, indicating an international event or conference. The image shows ten men in formal clothing standing on a stage with their hands clasped together, in front of a large "BRICS" sign and a "BRICS Brasil 2025" banner, with a scenic waterfront and mountainous backdrop. The stage is

Summary

India is set to expand its trade relations with the US and EU through significant agreements, potentially worth billions of dollars. The deals may impact India's relations with China and mark a shift in its global trade dynamics.

Key Points

  • India to buy up to $80 billion in Boeing aircraft as part of US trade deal
  • US and India reach trade agreement, reducing tariffs on Indian goods
  • India's trade agreements with US and EU may affect its improving ties with China

Articles in this Cluster

India to buy up to $80 billion in Boeing aircraft as part of U.S. trade deal

India is set to place orders worth up to $80 billion for Boeing aircraft as part of a trade deal with the US. India's Commerce and Industry Minister Piyush Goyal announced that the country is ready to expand trade with the US, with potential imports worth $500 billion over the next five years. However, experts have questioned the feasibility of this target, and the Indian government has not confirmed some of the claims made by US President Donald Trump about the trade deal. The deal is expected to be finalized in the coming weeks, with a joint statement to be signed in the next 3-4 days.
Entities: India, US, Boeing, Piyush Goyal, Donald TrumpTone: neutralSentiment: neutralIntent: inform

America and India strike a long-awaited trade truce

The United States and India have reached a trade agreement, with the US agreeing to reduce tariffs on Indian goods and India agreeing to stop purchasing Russian oil. The US 'reciprocal' tariff on Indian goods will be reduced from 25% to 18%, and an additional 25% levy imposed in August will be lifted. The deal was announced by President Donald Trump on February 2nd, 2026.
Entities: United States, India, Donald Trump, Russia, AmericaTone: neutralSentiment: positiveIntent: inform

Could India’s twin trade agreements set back its improving ties with China? | South China Morning Post

India's recent trade agreements with the US and EU may impact its improving relations with China. Analysts believe the deals will give India leverage with Beijing and potentially slow the thaw in their relationship. India is also set to expand its influence among Brics countries during its chairmanship this year.
Entities: India, China, US, EU, BricsTone: analyticalSentiment: neutralIntent: inform

US Economy, Trade & Business: Latest News and Updates | South China Morning Post

The article discusses various news updates related to the US economy, trade, and business, with a focus on the US-China trade war. The US Treasury Secretary warns of China's push for digital asset dominance, while the US pitches a critical minerals plan to allies to counter Beijing's control. The article also covers other topics such as the US-China trade war, US trade policies, and China's economic moves.
Entities: US, China, US Treasury, Scott Bessent, Hong KongTone: neutralSentiment: negativeIntent: inform