Goodbye USA. The EU and India have signed a trade and security agreement in New Delhi. According to Ursula von der Leyen, the new agreement creates a free trade zone for around two billion people. It provides for a gradual reduction of Indian tariffs on cars from the EU from 110% to 10%. Most other tariffs will also be eliminated: 44% for machinery, 22% for chemicals, and 11% for pharmaceutical products. European farmers will gain access to the Indian agricultural market – most restrictions will be lifted or significantly reduced. EU companies will receive privileged access to the Indian services market, including financial services and maritime transport. The security agreement provides for enhanced cooperation in maritime and cybersecurity, counter-terrorism, and the potential joint development of military technology in the future.