FTA: India and EU set for 'mother of all deals' as Trump's tariffs bite

India and the European Union are set to announce a significant free trade agreement (FTA) as early as January 27, marking a major step in their nearly two-decade-long negotiations. This deal, called the 'mother of all deals', aims to offset economic vulnerabilities arising from geopolitical tensions, particularly from the US. The agreement is expected to restore lost market access for India, lower tariffs on key exports, and provide a reliable trade partner for the EU. However, unresolved issues like intellectual property protection and the EU's Carbon Border Adjustment Mechanism pose challenges. The deal could expedite trade decoupling from the US and other unreliable partners, reducing vulnerabilities to tariffs and supply chain weaponization.