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India is to reduce tariffs on cars to 40% in a trade deal with EU, according to sources cited by Reuters

India's reduction of tariffs on cars to 40% in a trade deal with the EU signals a warming of trade relations, which could boost economic ties and improve market access for EU automakers.

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India is to reduce tariffs on cars to 40% in a trade deal with EU, according to sources cited by Reuters

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This move may also influence currency dynamics, particularly the EUR and JPY against the USD, as it underlines a shift in trade policy that might impact broader market sentiments and risk appetite. Investors should watch for potential ripple effects on global supply chains and competition in the automotive sector.

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