On Wednesday, July 15th, 2026, a landmark free trade agreement between India and the United Kingdom took effect, allowing zero-duty market access for nearly 99% of India's exports to the UK. This deal marks a significant step in trade relations between the two countries.

Simultaneously, US senators have introduced a bill proposing a 100% tariff on Indian goods in response to India's continued purchases of Russian oil. The proposed tariffs reflect ongoing tensions between the US and India regarding energy trade policies.

This development highlights contrasting international trade dynamics involving India, the UK, and the US.

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