India-EU trade deal to favour some shipping sectors more than others
- Container and bulk carriers to see most benefits with tariffs impacting goods typically shipped on these vessels
- Car carriers could see gains in this trade lane due to steep tariff cuts on European cars. But this could take time
- Indian clean petroleum product exports could also rise, subject to new sanctions compliance
The trade deal between the EU and India will not only foster stronger trade flows but also build resilience, as they two economic giants look to diversify away from the US
