CNBC Daily Open: India forges a trade deal with the EU — as Trump doubles down on tariff playbook

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Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today

When the most populous nation on Earth forges a trade deal with a bloc that comprises nearly 15% of the world’s GDP, the ramifications will be widespread — and not just in monetary terms.

Indian Prime Minister Narendra Modi said Tuesday that the country and the European Union had closed a “landmark” free trade agreement.

The deal, which creates a market of about two billion people, comes at a time when U.S. President Donald Trump’s policies have fractured global trade ties.