The deal was instantly dubbed the ‘Father of All Deals’ after India struck what it had called the “mother of all deals” with the European Union in New Delhi. Trump insists that most US exports to India will face zero tariffs, though Indian products going to the US would continue to face 18 per cent tariffs. Similarly, India had offered zero tariffs on 90 per cent of US products including electronics and medical devices. Also Read India maintaining protection around agricultural goods in trade deal: US official Jamieson GreerIn the short term, markets are cheering. Without concrete text, the ‘Father of All Deals’ could end up more hype than substance.

Source: The Telegraph February 04, 2026 04:34 UTC