The "mother of all trade deals" promises cheaper imports. Prices are another story
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Show Notes
This week, India and the European Union signed a sweeping trade deal that cuts or removes tariffs on over 90% of goods traded between them. The headlines quickly focused on what might get cheaper, from wine and cheese to cars and chocolates.
But trade deals do not change prices overnight. Tariff cuts roll out over time and work their way through importers, distributors, taxes, and markets before they ever reach consumers.
In this episode, host Snigdha Sharma looks at what past trade deals show about everything between a trade deal being signed and actual prices changing for a consumer.
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