US President Donald Trump has been threatening various countries around the world with tariffs.

India and Canada have also been targeted. Amidst his threats, India has struck a deal with the European Union, which is being called the Mother of All Deals.

Amidst US President Donald Trump’s tariff threats, India has further strengthened its friendship with the European Union. A Free Trade Agreement (FTA) will be signed between the two countries today, Tuesday. It is also being called the Mother of Deals. While the agreement is about to be signed in Delhi, Canada is planning to further strengthen its relationship with India. Canadian Prime Minister Mark Carney is expected to visit India in March, while his minister, Tim Hodgson, is visiting India this week.

All this is happening at a time when Donald Trump is taking a tough stance on tariffs. He has issued numerous threats to Carney and India, but both countries have stood firm against Trump. After the recent World Economic Forum in Davos, Carney even issued a strong retort to Trump. He said that Canada doesn’t win because of America. Canada progresses because we are Canadians. In fact, Trump had said that Canada is because of America. Carney, keep this in mind before you speak.

Trump kept threatening, India struck a deal

Trump continued threatening India with tariffs. He thought PM Modi would bow to him, but that didn’t happen. The world is aware of India’s growing power. Everyone knows this, but Trump, driven by his ego, refuses to listen. Amidst this US stance, India struck a deal with the European Union.

Prime Minister Modi announced on Tuesday that the deal represents 25 percent of global GDP and a third of global trade. He said that people are calling the India-EU trade agreement the “Mother of All Deals.” This agreement has created numerous opportunities for 1.4 billion Indians as well as Europeans.

PM Modi said, “This is an excellent example of coordination between the world’s two major economies. This agreement accounts for 25 percent of global GDP and one-third of global trade.” He said, “This free trade agreement will increase the confidence of every business and every investor around the world in India. India is working extensively on global partnerships in all sectors.”

Canada is also enamored

Canada is also enamored with India. Its Prime Minister is planning to visit India. Carney may visit India in the first week of March and sign deals on uranium, energy, minerals, and artificial intelligence, said Dinesh Patnaik, India’s High Commissioner to Canada, in an interview. Carney is making every effort to diversify Canada’s alliances beyond the United States, Canada’s largest trade partner.

Carney is also renewing relations with India. Last year, Prime Minister Narendra Modi attended the Group of 7 summit at Carney’s invitation, and several of Carney’s ministers have visited India. High Commissioner Patnaik, in an interview, said of Carney’s visit, “I think we’re looking at the first week of March.” Patnaik said that after two years of stalled negotiations, the two countries are moving forward rapidly, and that countries affected by US tariffs have received renewed impetus to move quickly to ensure they chart their own path.

Trump threatened Carney

US President Donald Trump threatened Canada with 100% tariffs if it entered into a deal with China. Carney responded that Canada honors its commitments under the United States-Mexico-Canada Agreement and will not enter into free trade agreements with non-market economy countries.