Editor's PiCK
"US and India Likely to Reach Trade Agreement in 7-10 Days... Negotiating Partial Tariff Exemptions"
Minseung Kang
Summary
- It was reported that the US and India are likely to reach an initial trade agreement within 7-10 days.
- The US is discussing partially exempting the 26% reciprocal tariffs on Indian products and reducing tariffs on certain items to 0%.
- After President Trump's tariff remarks, the price of Bitcoin rebounded and recovered to $109,800.
Reports have emerged that the United States and India are likely to reach an initial trade agreement within the next 7-10 days.
On the 23rd, Walter Bloomberg, an overseas economic news channel, cited CNBC, stating, "The United States is expected to partially exempt the 26% reciprocal tariffs imposed on Indian products, and discussions are underway to reduce tariffs on certain items to 0%."
It added, "Instead, there is a possibility that a new 10% tariff may be applied to some Indian imports."
After President Trump's tariff remarks, Bitcoin, which had fallen to the $107,300 level, successfully rebounded and recovered to $109,800.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.![[Market] Bitcoin falls below $71,000…Lowest level since October 2024](https://media.bloomingbit.io/PROD/news/0e5880b9-61dd-49d4-9d2e-c47a3fb33a93.webp?w=250)
