🚨 $TRUMP Tariffs Update: US and India Near Trade Agreement 🚨
The US and India are close to finalizing a trade agreement within the next 7-10 days, potentially reducing the 26% tax imposed by Trump tariffs. This development could boost the market, similar to the positive reaction seen when the US and China reached an agreement earlier this month ¹.
Key Points:
Tariff Reduction:* The US may partially exempt Indian goods from the 26% reciprocal tariffs.
New Tariff Structure: A 10% tariff on Indian imports, with zero duties on select product lines.
Trade Talks: US Treasury Secretary Scott Bessent confirms progress in trade talks with India and other Asian countries.
90-Day Pause: More deals are expected to be announced within the 90-day pause period for reciprocal tariffs.
Market Impact:
The potential agreement could positively impact the market, particularly crypto assets, as seen in the US-China trade agreement. However, the impact on specific industries and companies, like Apple, remains to be seen ¹.
