India hopes to sign a free trade agreement with the UK “sooner rather than later” as the two nations intensify negotiations amid growing global economic instability sparked by Donald Trump’s imposition of near-worldwide tariffs.Nirmala Sitharaman, India’s finance minister, said on a visit to London that New Delhi was actively pursuing bilateral trade pacts in response to a shifting and fragmenting global order. Speaking ahead of talks with UK chancellor Rachel Reeves, Ms Sitharaman said the changing geopolitical environment had underscored the need for nations to prioritise direct trade relationships.While denying the US levies were the reason for the urgency in trade talks with the UK, she admitted they were part of the global economic headwinds prompting India to seek new trade ties.Mr Trump announced a new set of import duties on foreign goods on 2 April,affecting both British and Indian exports. The tariffs went into effect on Wednesday.“We hope that with the new government showing a great deal of commitment and enthusiasm to have this agreement signed, we will be in a position to sign it sooner rather than later,” Ms Sitharaman said during an event at the Indian high commission in London. “India is also looking at many bilateral arrangements. In the recent past, we’ve signed agreements with Australia, the UAE, with Oman, and we’re looking forward to concluding the bilateral trade agreement with the UK, negotiating also with the EU.”Chancellor Rachel Reeves speaks to workers during her visit to a Jaguar Land Rover car factory in Birmingham More