The US says India and Washington are making progress toward a finalized trade deal as both sides meet in Washington, DC. A senior US official told ANI that new negotiations are underway, with Indian delegates present to resolve remaining gaps in the agreement. The comments suggest momentum after ongoing discussions, even as key issues still require agreement.
South Korea told US lawmakers it will not impose discriminatory measures on American tech companies, including Coupang. The government said the ongoing investigation into Coupang’s data breach is handled under domestic law, regardless of where the company is from. The assurances were included in a US-South Korea trade deal fact sheet after lawmakers raised concerns.
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The India US trade deal is set to lower tariffs to 18%, reducing uncertainty and boosting exports, the rupee, and overall sentiment—at a scale that could rival the EU pact. But the tariff level is still far above pre Trump rates, and key hurdles remain, including FDI, capital flow pressure, and higher energy costs.
The rupee’s six-month slide, fueled by U.S. tariffs and policy uncertainty, reversed sharply on signals of a friendlier trade deal. Improved sentiment, sectoral gains and possible foreign inflows are supportive, but missing agreement specifics, oil and gold moves, and RBI positioning keep USD INR volatile, with downside risks still outweighing upside into 2026.
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