Group 1 - The U.S. and China have officially implemented mutual tariff adjustments, with a 24% tariff on certain Chinese goods suspended for the first 90 days, while a 10% tariff remains in place [1] - Trump's claims regarding India's proposal to eliminate tariffs on U.S. imports were denied by Indian officials, emphasizing ongoing negotiations and the need for mutual benefits in trade agreements [3] - The U.S. stock market experienced a significant drop and U.S. Treasury yields rose following Trump's trade war actions, leading to a need for negotiations with China that resulted in a reduction of tariffs [3] Group 2 - The U.S. is India's largest trading partner, with a projected bilateral trade volume of approximately $129 billion in 2024, and India maintains a trade surplus of $45.7 billion with the U.S. [7] - Trump's long-standing complaints about India's high tariffs have prompted active trade discussions between the two nations, with India being one of the first countries to engage in negotiations after Trump's announcement of "reciprocal tariffs" [7] - Indian officials have indicated that trade negotiations with the U.S. are far from finalization, insisting on mutually beneficial tariff treatments and refusing to negotiate on certain agricultural products [7]