India Makes Big Concession In US Trade War

Finally a breakthrough in Trump Tariff War as India proposes zero to zero tariffs for selected industries. As the 90-day deadline established by the President is approaching, countries like India and Malaysia have proposed a big tariff figure in hopes that President Trump will rescind his tough stance on trade. 

India’s Big Concession on Trump Tariff

India and the US are currently negotiating, with the Asian giant proposing a zero-for-zero tariff on essential goods. Among the listed goods are pharmaceuticals, auto parts, and steel. According to a report from Bloomberg, this zero tariff is based on whether or not the US reciprocates the gesture. Trading volume is also a major factor that the Indian delegates placed on the table.

President Donald Trump announced the 90-day pause on tariffs on April 9, putting the end date at July 8, 2025. While the time may be far, macroeconomic negotiations generally take a long time, and countries are taking the initiative beforehand. 

Beyond India, Malaysia has also pushed for a zero tariff with the United States. While it remains hopeful that a favorable deal will be reached, the nation has tempered its growth forecast, drawing on the strain the trade uncertainty now has on its economy.

Almost every country is working out a deal with the US camp to normalize the current market outlook.

US Trade War: Impact on Global Market

Barely a quarter into the trade fiasco, global stock markets have tanked considerably. Amid the broader uncertainty in the Trump tariff negotiations, which weighed down on the market again, major stock indices have plummeted considerably.

As of this writing, the S&P 500 Index is down 0.29% to 5,670.41. The Nasdaq Composite also dropped 0.42% to 17,901.96, and the Dow Jones Industrial Average shed 14.71 points to 41,302.72. 

Risk-averse investors are also not convinced of the market’s direction. The price of Bitcoin showcased this, down by 1.21% in 24 hours to $94,441.46. With Trump signaling a lower tariff on China, the broader market expectation is raised.

China is the primary yardstick determining whether or not there is progress in the trade war with the US. With both countries earlier raising tariffs in an unhealthy reciprocal manner, the impact on global inflation remained a major concern. The US Trade war is taking a new positive twist for the United States as many countries are now responding positively to President Donald Trump’s tariffs.

Notably, China has waived tariffs on Ethane products from the US, making a grand gesture that can trigger a major shift in stance by both countries. Overall, market experts are watching where the ongoing negotiations will lead to.

✓ Share:

Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

Follow him on X, Linkedin

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.