"Britain and India signed a trade agreement to lower tariffs to cope with the impact of American trade protectionism."

In the UK Prime Minister Keir Starmer's first major trade initiative after taking office, the UK and India reached a landmark bilateral trade agreement on Tuesday. The agreement will significantly reduce tariffs on key goods including whisky and automobiles, opening up a new path amidst rising global trade protectionism. According to the UK government, the agreement will result in India gradually lowering tariffs on imports from the UK, with the majority of traded goods becoming "duty-free within ten years." The Starmer government views this agreement as a significant milestone in its "Global Britain" strategy, and a key part of its response to the impact of US trade protectionism. Analysts note that in the context of major economies erecting trade barriers, the UK-India agreement provides new possibilities for the multilateral trade system.