đ¨ BREAKING: PRESIDENT TRUMP CLAIMS INDIA OFFERS ZERO TARIFFS ON U.S. GOODS
BULLISH FOR CRYPTO?
In a significant development, former President Donald Trump has stated that India is offering zero tariffs on U.S. goodsâa move that could reshape global trade dynamics.
While official confirmation is pending, recent reports indicate that India has proposed reducing its average tariff gap with the U.S. from nearly 13% to under 4%, aiming to finalize a trade agreement by fall 2025.
Why this matters for crypto:
Enhanced Cross-Border Trade: Lower tariffs can facilitate smoother international transactions, potentially increasing the adoption of cryptocurrencies for cross-border payments.
Increased Institutional Confidence: A robust U.S.-India trade relationship may bolster investor confidence in emerging markets, encouraging institutional investment in crypto assets.
Supply Chain Diversification: As companies diversify supply chains away from China, Indiaâs growing manufacturing sector could benefit, possibly leading to increased use of blockchain for logistics and supply chain management.
Market Snapshot:
Bitcoin (BTC) is currently trading at $102,021, down 1.5% on the day, while Ethereum (ETH) stands at $2,542, down 3.4%.
