New Delhi, April 7 -- India's ongoing free trade negotiations with the European Union and the United Kingdom have got a boost because of the April 2 tariff action by the US, with the EU indicating a softer stance on non-trade issues and the UK sounding keen to fast-track the talks, officials said.
The US decision to impose reciprocal tariffs ranging between 10% (base tariff across the board) and up to 50% on individual countries has disrupted global trade dynamics. Derisking and diversification of trade and supply chains have become imperative, a top official, who did not wish to be named, said.
"Major economies are eager to quickly conclude FTA negotiations, and are now flexible to discuss labour and environment issues outside the ongoin...