India signed a trade agreement with the European Union just last week. (That deal eventually provides EU companies preferential access to the Indian market.)
The Economics Show with
@soumayakeynes.ft.com has an excellent episode explaining the EU-India deal, with
@nks.bsky.social & Ajay Srivastava.

How big a deal is the EU-India trade agreement? With Nicolas Köhler-Suzuki and Ajay Srivastava
A European and an Indian perspective on nearly two decades of talks
Trump says US will reduce his tariffs on India from 50% (25% Russian oil tariff + 25% reciprocal tariff) to 18%.
(NB: 18% is in line with Trump's tariffs on other countries in South Asia)
by Gavin Bade

U.S. Will Cut Tariffs on India to 18% in Trade Deal, Trump Says
President Trump said Indian Prime Minister Narendra Modi agreed to stop buying Russian oil and boost American purchases.