Partial Relief for Indian Goods Amid Trump Tariffs

India and the US are reportedly nearing an initial trade agreement that may lower tariffs within the next ten days.

The US and India are nearing an initial trade agreement that may lower tariffs within the next ten days, multiple sources said, offering a sliver of relief from the 26% Trump Tariffs on some Indian exports.

The two countries are aiming to finalize the deal, which could also see the US imposing a 10% tariff on other imports while excluding specific product categories.

The two nations have been engaging in trade talks more intensely after President Trump's tariffs, announced earlier this month, disrupted existing trade flows and sparked diplomatic engagement.

Both nations have continued to discuss ways to stabilize bilateral trade and maintain essential supply chains, especially in technology and manufacturing sectors. Officials from both countries highlighted the urgency to finalize the agreement within the current 90-day window.

The US is offering to provide tariff exemptions for select Indian products, applying to a limited range of goods covered by the Trump Tariff framework. However, both countries still need to resolve differences over agricultural exports and technology transfer, which have been sticking points in recent trade discussions.

Despite these hurdles, progress has been described as steady, with negotiators aiming to avoid further escalation that could disrupt broader economic relations and market stability.

Global crypto market saw a strong reaction to the possibility of reduced trade tensions linked to the Trump Tariffs. Earlier this month, Bitcoin price saw a rally after the US and China reached an agreement to pause tariffs.

Similar optimism sparked around the potential US-India trade deal, which could help stabilize sentiment in digital assets market.

After President Trump's tariff comments targeting the EU, the crypto market saw saw sharp intraday losses. Bitcoin price dropped from $111,900 to $108,000, showcasing the sensitivity to trade news.

While EU relations remain strained, the US-India discussions have brought a more positive market narrative.

Treasury Secretary Scott Bessent confirmed progress in trade talks with India and other Asian economies. He mentioned that multiple agreements could be completed during the 90-day pause in Trump Tariffs.

The market continues to reflect the impact of these geopolitical developments on digital and traditional assets.

President Trump proposed a 50% tariff on EU goods, escalating trade pressure on the European Union. He cited difficulty in negotiations, leading to frustration over the EU’s trade stance.

US officials indicated that talks with the EU have reached an impasse, contrasting with the structured negotiations unfolding with India to finalize tariff adjustments.

The White House is aiming to secure fairer trade terms without further inflaming tensions in Asian markets.

Apple also entered the spotlight after Trump warned the company about a potential 25% import tax on Apple products assembled in China.

However, according to CNBC, Apple's U.S.-based manufacturing would remain largely unaffected by the Trump Tariffs. Despite this, the move highlighted the administration's commitment to pressuring firms to shift production domestically.