India-UK FTA live July 15: whisky tariffs crash 150%→40%, autos 100%→10%, cosmetics duties phased out

The India-UK Free Trade Agreement takes effect July 15, unlocking £25.5B in annual trade. British whisky tariffs collapse from 150% to 40%, autos from 100% to 10%, and cosmetics duties (up to 22%) phase out. Indian apparel, footwear and food exporters gain reciprocal UK duty relief, resetting retail import economics on both sides.

— Filed Wed, 17 Jun, 2026, 20:52 IST · Source Times of India · Business · Updated

India-UK FTA takes effect July 15, slashing tariffs on British whisky (150% to 40%), autos (100% to 10%) and cosmetics (up to 22% phased out), while lowering UK duties on Indian apparel, footwear and food exports, reshaping retail import economics.

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