Trump says a US-India trade deal is “very close” and could follow his Indonesia template, which includes full US access and significant Indian purchases. Meanwhile, Apple’s iPhone exports from India surged 53% in H1 2025 as it ramps up production to avoid US tariffs on China—all of this in today’s Two Sharp with ET with Nisha Poddar.

European trade ministers were hopeful for a negotiated trade deal after Trump announced 30% tariffs on the European Union.

Without a means of enforcing bilateral trade agreements, Trump could simply change the terms of any deal down the road. The answer is to kick the U.S. out of the World Trade Organization, argues professor Kristen Hopewell.

Ursula von der Leyen and Prabowo Subianto announced a "political agreement" to finalize a free trade deal amidst global trade disruptions. The agreement, under negotiation since 2016, aims to boost trade and investment between the EU and Indonesia.