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In latest Bitcoin news and risk-on markets are in the spotlight as the United States and India are reportedly set to sign a trade agreement within the next 7 to 10 days. If this deal goes through, it will benefit the Indian economy, as companies will likely shift production from China to the country. The potential trade deal between the US and India comes amid expectations of a sustained Bitcoin (BTC USD) rally. The US-India Trade Concessions CNBC-TV18 brought the market’s attention to the possible trade deal between the US and India. Per the deal, the US could partially exempt Indian goods from the 26% reciprocal tariffs. Also, Indian imports may see a 10% tariff, with zero duties on select product lines. Image Source: Walter Bloomberg on X The undisclosed sources further noted that Apple’s manufacturing operations in India may be exempted from Donald Trump’s proposed 25% tariff on Apple phones. Although the deal is not yet confirmed, it could ease tensions, boost India-US ties soon, and strengthen Apple’s Indian presence. The reports have sparked mixed reactions within the online community. Some have welcomed the deal and even hailed India for making the first move to take business from China. Others, however, argued that India may not agree to the deal as it leaves significant tariffs on their exports. For a little backstory, the trade war escalated when President Donald Trump raised US tariffs on Chinese imports from 54% to 145% in April. In retaliation, tariffs on US goods increased from 84% to 125%. The high tariffs disrupted global supply chains. After negotiations in Geneva on May 14, the US and China agreed to a 90-day pause. Bitcoin News: Market shift and Current Accumulation Cluster Indications Shortly after, there were rumors that Trump was negotiating lower tariffs with China. However,…

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Filed under: News - @ May 24, 2025 7:11 pm