The ‘mother of all deals’ is as much about the tariff-heavy geopolitics of the Trump era as it is about bilateral trade

The year was 2007. Steve Jobs had announced the launch of the first iPhone, the sub-prime mortgage crisis was bubbling up in the US, the EU had enlarged to include Romania and Bulgaria, and India had for the first time become a trillion-dollar economy. This was when trade talks between Delhi and Brussels were initiated for the first time. But it wouldn’t be until this very week, almost 20 years later, that a deal was signed after a few final months of unusually accelerated negotiations.

On Tuesday, the president of the European Commission Ursula von der Leyen, president of the European Council António Costa and India’s prime minister, Narendra Modi, announced the “ mother of all deals ”, which promises to bring together about 2 billion consumers and a quarter of the world’s GDP. The agreement opens parts of India’s famously protectionist domestic market with a focus on exporting manufacturing and services; in return, middle-class Indian consumers will find it cheaper to buy European cars and wine. The overarching EU-India comprehensive strategic agenda is really much larger in scope, taking in defence and security, commitments to multilateralism, mobility and cooperation in a range of areas.

Ravinder Kaur is professor of Asian studies at the University of Copenhagen and is writing a book about the history of the global south

The ‘mother of all deals’ is as much about the tariff-heavy geopolitics of the Trump era as it is about bilateral trade

The year was 2007. Steve Jobs had announced the launch of the first iPhone, the sub-prime mortgage crisis was bubbling up in the US, the EU had enlarged to include Romania and Bulgaria, and India had for the first time become a trillion-dollar economy. This was when trade talks between Delhi and Brussels were initiated for the first time. But it wouldn’t be until this very week, almost 20 years later, that a deal was signed after a few final months of unusually accelerated negotiations.

On Tuesday, the president of the European Commission Ursula von der Leyen, president of the European Council António Costa and India’s prime minister, Narendra Modi, announced the “ mother of all deals ”, which promises to bring together about 2 billion consumers and a quarter of the world’s GDP. The agreement opens parts of India’s famously protectionist domestic market with a focus on exporting manufacturing and services; in return, middle-class Indian consumers will find it cheaper to buy European cars and wine. The overarching EU-India comprehensive strategic agenda is really much larger in scope, taking in defence and security, commitments to multilateralism, mobility and cooperation in a range of areas.

Ravinder Kaur is professor of Asian studies at the University of Copenhagen and is writing a book about the history of the global south

The ‘mother of all deals’ is as much about the tariff-heavy geopolitics of the Trump era as it is about bilateral trade

The year was 2007. Steve Jobs had announced the launch of the first iPhone, the sub-prime mortgage crisis was bubbling up in the US, the EU had enlarged to include Romania and Bulgaria, and India had for the first time become a trillion-dollar economy. This was when trade talks between Delhi and Brussels were initiated for the first time. But it wouldn’t be until this very week, almost 20 years later, that a deal was signed after a few final months of unusually accelerated negotiations.

On Tuesday, the president of the European Commission Ursula von der Leyen, president of the European Council António Costa and India’s prime minister, Narendra Modi, announced the “ mother of all deals ”, which promises to bring together about 2 billion consumers and a quarter of the world’s GDP. The agreement opens parts of India’s famously protectionist domestic market with a focus on exporting manufacturing and services; in return, middle-class Indian consumers will find it cheaper to buy European cars and wine. The overarching EU-India comprehensive strategic agenda is really much larger in scope, taking in defence and security, commitments to multilateralism, mobility and cooperation in a range of areas.

Ravinder Kaur is professor of Asian studies at the University of Copenhagen and is writing a book about the history of the global south

Authorities and firefighters say the Victorian fires of January 2026 were unlike anything seen before in speed, scale and destruction. And they came much earlier than normal

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• A new fight for Victorian farmers – saving livestock that survived devastating bushfires

Victoria has been battered by some of the most destructive bushfires in its history, with blazes tearing through 400,000 hectares across the state and claiming the life of a cattle farmer, Maxwell Hobson. Almost 900 buildings have been destroyed, including more than 250 homes, and more than 15,000 livestock have been killed, along with countless wildlife.

Both authorities and firefighters on the ground have reported the fires were unlike anything seen before in their speed, scale and destruction. They also came much earlier than the traditional bushfire season, which typically peaks in February.

Authorities and firefighters say the Victorian fires of January 2026 were unlike anything seen before in speed, scale and destruction. And they came much earlier than normal

• Get our breaking news email , free app or daily news podcast

• A new fight for Victorian farmers – saving livestock that survived devastating bushfires

Victoria has been battered by some of the most destructive bushfires in its history, with blazes tearing through 400,000 hectares across the state and claiming the life of a cattle farmer, Maxwell Hobson. Almost 900 buildings have been destroyed, including more than 250 homes, and more than 15,000 livestock have been killed, along with countless wildlife.

Both authorities and firefighters on the ground have reported the fires were unlike anything seen before in their speed, scale and destruction. They also came much earlier than the traditional bushfire season, which typically peaks in February.

Authorities and firefighters say the Victorian fires of January 2026 were unlike anything seen before in speed, scale and destruction. And they came much earlier than normal

• Get our breaking news email , free app or daily news podcast

• A new fight for Victorian farmers – saving livestock that survived devastating bushfires

Victoria has been battered by some of the most destructive bushfires in its history, with blazes tearing through 400,000 hectares across the state and claiming the life of a cattle farmer, Maxwell Hobson. Almost 900 buildings have been destroyed, including more than 250 homes, and more than 15,000 livestock have been killed, along with countless wildlife.

Both authorities and firefighters on the ground have reported the fires were unlike anything seen before in their speed, scale and destruction. They also came much earlier than the traditional bushfire season, which typically peaks in February.

The Venezuelan opposition leader did not confirm whether the US president accepted the award

The Venezuelan opposition leader María Corina Machado has said she “presented” her gold Nobel peace prize medal to Donald Trump after meeting him in the White House, nearly a fortnight after he ordered the abduction of Venezuela’s president, Nicolás Maduro.

Machado, who received the award last year for her struggle against Maduro’s “brutal, authoritarian state” , told reporters on Thursday she had done so “in recognition [of] his unique commitment [to] our freedom”.

The Venezuelan opposition leader did not confirm whether the US president accepted the award

The Venezuelan opposition leader María Corina Machado has said she “presented” her gold Nobel peace prize medal to Donald Trump after meeting him in the White House, nearly a fortnight after he ordered the abduction of Venezuela’s president, Nicolás Maduro.

Machado, who received the award last year for her struggle against Maduro’s “brutal, authoritarian state” , told reporters on Thursday she had done so “in recognition [of] his unique commitment [to] our freedom”.

The Venezuelan opposition leader did not confirm whether the US president accepted the award

The Venezuelan opposition leader María Corina Machado has said she “presented” her gold Nobel peace prize medal to Donald Trump after meeting him in the White House, nearly a fortnight after he ordered the abduction of Venezuela’s president, Nicolás Maduro.

Machado, who received the award last year for her struggle against Maduro’s “brutal, authoritarian state” , told reporters on Thursday she had done so “in recognition [of] his unique commitment [to] our freedom”.