India’s UK trade deal skips carbon tax exemption, hits steel and aluminium exports: GTRI
Friday, 25 July 2025 () India's new trade deal with the UK lacks carbon tax exemptions. This could hurt Indian exports like steel and aluminium starting 2027. The UK will impose carbon taxes following the EU's lead. Ajay Srivastava of GTRI highlights the trade imbalance. Indian exports worth $775 million may face tariffs. India views carbon taxes as discriminatory.
Business Secretary Jonathan Reynolds refuted claims that new UK-India trade will lead to British workers being undercut by Indian migrants. Speaking at Chequers, Mr Reynolds said: ''There's nothing in this deal that has an impact on immigration long-term.''
The UK-India trade deal is understood to...
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Credit: euronews (in English) Duration: 01:10Published
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Friday, 25 July 2025 ()
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