India's Trade Minister says they expect the US to issue a notice on lowering the import tariff to 18% during February

India's Trade Minister says they expect the US to issue a notice on lowering the import tariff to 18% during February.

India's Trade Minister indicating a potential reduction in U.S. import tariffs to 18% could signify a thawing in trade relations that markets will watch closely. This development may affect not only the U.S. dollar's strength but also impact commodity prices and equities, particularly if it fosters improved sentiment in global trade. Keep an eye on sensitivity across various asset classes as the announcement draws near, especially in commodities like metals and energy which react strongly to tariff shifts.