Exclusive-After Trump, EU seeks zero tariff from India on car imports, sources say

The European Union is urging India to eliminate tariffs on car imports to finalize a long-pending trade deal, with India open to reducing tariffs to 10% from over 100%, despite industry pushback. This move follows similar demands from the U.S., putting pressure on domestic carmakers, while benefiting European manufacturers like Volkswagen and Tesla, and prompting flexibility in negotiations due to the threat of a global trade war and recessionary impact. The EU and India aim to conclude the deal by the end of the year, with both sides looking to soften the impact of tariffs amidst ongoing trade talks.

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