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Indian Govt: Indian, US officials meet in Washington, trade talks make positive progress

  • Indian, US officials meet in Washington, bilateral trade agreement talks make positive progress.
  • Discussed a pathway for concluding the first tranche of the mutually beneficial trade pact.
  • To hold in-person talks over various sectors from end-May.

US Treasury Secretary Bessent said that India might be the first trade deal that they will announce. These are some positive comments and the market will likely continue to have positive expectations until we get the details.

Bessent will join the White House Press Briefing today at 12:30 GMT/08:30 ET and the Secretary of Commerce Lutnick will speak at 18:00 GMT/14:00 ET on CNBC.

This article was written by Giuseppe Dellamotta at www.forexlive.com.

Indian Govt: Indian, US officials meet in Washington, trade talks make positive progress Read More »

Indian Govt: Indian, US officials meet in Washington, trade talks make positive progress

  • Indian, US officials meet in Washington, bilateral trade agreement talks make positive progress.
  • Discussed a pathway for concluding the first tranche of the mutually beneficial trade pact.
  • To hold in-person talks over various sectors from end-May.

US Treasury Secretary Bessent said that India might be the first trade deal that they will announce. These are some positive comments and the market will likely continue to have positive expectations until we get the details.

Bessent will join the White House Press Briefing today at 12:30 GMT/08:30 ET and the Secretary of Commerce Lutnick will speak at 18:00 GMT/14:00 ET on CNBC.

This article was written by Giuseppe Dellamotta at www.forexlive.com.

Indian Govt: Indian, US officials meet in Washington, trade talks make positive progress Read More »

More on China for min urging defiance of Trump tariff bullying

I posted comments earlier from Chinese Foreign Minister Wang Yi:

More now on Yi urging BRICS nations to resist U.S. tariff pressure, warns against appeasement. Speaking at a BRICS meeting, Chinese Foreign Minister Wang Yi urged emerging-market countries to stand firm against U.S. tariff threats, warning that giving in would only embolden Washington. His comments underscored China’s firm stance against entering trade negotiations under pressure, even as U.S. Treasury Secretary Scott Bessent floated the possibility of banning certain exports to China to gain leverage.

Wang sharply criticized U.S. trade tactics, stating, “The U.S., which has long benefited enormously from free trade, is now going so far as to use tariffs as a bargaining chip to demand exorbitant prices from all countries.” He warned that appeasement would backfire, adding, “If one chooses to remain silent, compromise and cower, it will only make the bully want to push his luck more.”

This article was written by Eamonn Sheridan at www.forexlive.com.

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