💸 Details of the historic trade deal between #India and the #EU have emerged:

1. Eliminates tariffs on ~90% of goods trade between EU and India

2. Set to double EU goods exports to India by 2032

3. Tariffs on cars from EU to India cut from 110% to 10%

4. Tariffs on wines from EU to India cut from 150% to 20%-30%

5. Tariffs on jewelry and textiles from India to EU cut to 0%

6. Tariffs on furniture, chemicals, leather, and metals from India to EU cut to 0%

This deal took nearly 20 years to reach and is being called the "mother of all deals."

India and the EU are looking to diversify away from the US.