India and the US advance trade talks

The report came after four days of talks but it's not at the finish line yet and "negotiations will continue". The countries are aiming for a pact by autumn and to double trade by 2030.

"India also asked the US to revoke its 10% baseline tariff. However, the US side opposed this," the report says.

I'm not sure this report tells us much, though it certainly looks like the US side is in deal-making mode.

This article was written by Adam Button at www.forexlive.com.

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