Hassett "drops tariff bombshell", analysts expect deal with India

The director of the US National Economic Council, Hassett, stated that it is expected that tariff-related news will be announced before the end of today. Analysts from the financial website Forexlive said: "Will they announce the first trade agreement, or at least the details? If so, be sure to pay attention to the news until the US market closes, as this will have a huge impact on the market. I expect this to be a statement reaching an agreement with India, as there are increasing signs that India may reach an agreement, which will be crucial, especially if the US is willing to lower its minimum tariff to below 10%."