President Donald Trump said the trade agreement with the UK would eliminate many tariffs that "unfairly discriminated against American products."

Trade experts said the overall deal — which will increase long-run UK GDP by 0.1 per cent a year, according to the government — was focused more heavily on goods than services, reflecting New Delhi’s longtime reluctance to open its markets in those areas.

That alone makes the trade deal agreed between India and Britain on May 6th significant—perhaps even a “landmark”, as Britain’s prime minister and his opposite number, Narendra Modi, claimed. The deal will add a useful boost to trade between the world’s fifth- and sixth-largest economies.