We talked about it as a seven year hiatus since we've seen trade talks of this level. Can you tell us more how significant this trip is really, and what are some of the plausible outcomes. I think it's very significant.It's pretty extraordinary that the country has not been engaged in trade and commerce discussions with China for that period of time, frankly. And it's the second largest economy. It's a very major trading partner for the United Kingdom.And so it's highly significant that this should happen. ...

US officials are expected to visit India to negotiate the sale of about $4 billion of surveillance aircraft, as the two countries seek to revive trade talks https://t.co/Aher8nzkDw ...

We had heard from President Trump over the long weekend when it came to the negotiations with India, saying that they had suggested that they could reduce their tariffs down to zero. But he didn't fully open the door that these discussions with India are going to reopen. And keep in mind, we have seen the Trump administration double tariffs to 50% the other week, 25%.Is that so-called reciprocal tariff rate stacked on top of that was that additional 25% over India's imports of Russian energy supplies. Now, ...

Market Trends - Corn prices are near a one-month high [1] - A top Chinese government negotiator is heading to the US, potentially increasing demand for American crops if trade talks are successful [1] Trade & Demand - Successful trade talks could lead to increased demand for American crops, specifically corn [1]

Dominic LeBlanc, the Canadian cabinet minister leading US trade talks, will meet with Commerce Secretary Howard Lutnick just days after Canada pledged to remove most of its retaliatory tariffs on US goods https://t.co/KUZapFRJbE ...

China’s 30-year bond yield rose to its highest level this year as expectations of a favorable outcome from trade talks with the US and Beijing’s efforts to bolster the economy dampen demand for haven assets https://t.co/MZozPBfHbS ...

South Korea’s economy rebounded in the second quarter but still faces high levels of uncertainty from US trade talks with major economies, Bank of Korea Governor Rhee Chang Yong said ahead of next week’s policy decision. https://t.co/fvGSOK9fhq ...

Core Viewpoint - The U.S. has imposed a 50% tariff on Indian goods and threatened secondary sanctions over India's oil trade with Russia, leading to a mixed response in India's stock market and political landscape [1][2][3]. Economic Impact - The potential impact on India's GDP from the U.S. tariffs is estimated at 60 basis points, approximately $23 billion [5]. - Allowing U.S. dairy exports into India could cost the country ₹1.8 lakh crore ($20 billion), with over half of this burden affecting farmers directly [6]. - The gem and jewelry sector may face catastrophic consequences, while seafood exporters could lose nearly $3 billion annually due to the tariffs [8]. - India's textile industry anticipates a loss of $5 billion in business due to the tariffs [8]. - High U.S. duties may hinder India's ability to attract foreign direct investment (FDI), although domestic consumption accounts for over 60% of India's GDP [9]. Trade Data - In 2024, India's exports to the U.S. included electronics ($11.1 billion), gems and jewelry ($9.9 billion), pharmaceuticals ($8.1 billion), nuclear reactors and machinery ($6.2 billion), and refined petroleum products ($5.8 billion) [7]. - Total bilateral trade with the U.S. in 2024 was $212.3 billion, with goods trade at $129 billion and services trade at $83.4 billion [11]. Political Response - Indian Prime Minister Modi has gained support from the opposition to resist U.S. demands, emphasizing that India will not compromise on the interests of farmers [2][4]. - Modi's government has already taken steps to reduce duties on various U.S. imports and has increased oil purchases from the U.S. by 120% in the last six months [16][17]. Diplomatic Efforts - Modi is planning a visit to China and has sent India's National Security Advisor to Russia to pursue diplomatic solutions [13]. - India's foreign ministry has criticized U.S. hypocrisy regarding its own trade with Russia, while also highlighting that most of India's oil trade with Russia is settled in dirhams [14][15]. Future Considerations - The Indian government is exploring legal options and strategies in response to U.S. actions, emphasizing the importance of collaboration with other affected trading partners [20]. - A potential breakthrough in talks between the U.S., Russia, and Ukraine could alleviate India's concerns regarding oil purchases from Russia [21].

Trade Relations & Tariffs - The US President's social media posts are creating uncertainty in trade talks with India [1] - The US President accuses India of buying Russian oil and reselling it, threatening to raise tariffs substantially, potentially to 25% [2] - The US President is escalating rhetoric against India regarding trade negotiations and Russia's actions in Ukraine [3] - It is uncertain whether the US President's actions are to gain leverage in trade negotiations or address Russia's compliance [4] - The US has imposed 39% tariffs on Switzerland due to a trade deficit [10] Geopolitical & Economic Implications - India seems to be finding alternative sources for oil purchases, mitigating the economic impact of potential US actions [4] - The US President is facing challenges with BRIC nations, including India, Brazil, and China [5] - Brazil is open to trade talks if treated as an equal [5] - The US relationship with China is in its own category, while negotiations with India have a long history [7] - US negotiators are not expected to meet with Indian counterparts until late August [10] Swiss Trade Situation - Switzerland is trying to find a way to satisfy the US President's demands to avoid tariffs [11] - Switzerland may offer large weapons purchases, particularly aircraft, or LNG and other energy deals [14]

Trade Relations - The European Union will delay planned U.S tariffs for 6 months [1] Policy Impact - The delay is to allow for trade talks with President Trump [1]