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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, we look at what past trade deals show about everything between a trade deal being signed and actual prices changing for a consumer. Tune in. Daybreak is produced from the newsroom of The Ken, India’s first subscriber-only business news platform. Subscribe ( https://the-ken.com/pricing/ ) for more exclusive, deeply-reported, and analytical business stories. Daybreak Episode 674 January 28, 2026 ★ Episode details: https://share.transistor.fm/s/455d5914 ★ Additional episodes: https://the-ken.com/podcasts/daybreak/