The US is reportedly close to finalizing trade deals with key partners, particularly India, according to Treasury Secretary Scott Bessent. These potential agreements could boost the markets and are seen as a positive development. Here's what's unfolding¹:

- *India-US Trade Deal*: Bessent stated that a deal with India is "very close," citing the country's high tariffs and transparent trade practices make negotiations easier. A potential agreement could help India avoid 26% reciprocal tariffs.

- *Other Trade Partners*: Besides India, the US is also making progress with Japan and South Korea. Bessent noted that these countries are keen to finalize deals before their upcoming elections, showcasing successful negotiations with the US.

- *Market Impact*: If these trade deals materialize, they could be bullish for the markets, potentially leading to increased economic activity and investor confidence.

- *Tariff Negotiations*: The US had announced a 90-day pause on harsher "Liberation Day" tariffs, with many countries facing a 10% baseline tariff. The goal is to protect American workers and strengthen national security.

These developments could signal a significant breakthrough in international trade negotiations, potentially benefiting the global economy.