President Donald Trump introduced a brand new commerce take care of India on Monday, reducing the US reciprocal tariff on Indian items from 25% to 18%, efficient instantly. Prime Minister Narendra Modi confirmed the settlement and pledged to extend US imports, together with power, agriculture, and know-how merchandise.
The deal features a dedication from Modi to halt purchases of Russian oil and shift towards US and probably Venezuelan power sources. Trump mentioned the settlement unlocks over $500 billion in future US exports.
Investor sentiment rebounded on the information, lifting US equities as markets welcomed easing commerce tensions and contemporary readability on world alignment. The S&P 500 rose 0.7% and approached document highs, whereas the Nasdaq climbed almost 0.8%, reversing earlier losses.
In the meantime, conventional safe-haven belongings got here underneath stress as danger urge for food returned. Gold fell 4% to $4,660 and silver dropped over 7% to $79, marking a pointy pullback from current highs as demand for defensive hedges unwound.
