USTR Greer says India's industrial goods tariffs will go to zero from 13.5%; India is maintaining some protection around agricultural goods; have understanding on reducing India's technical non-tariff barriers to trade, recognising US standards

• Have been monitoring India's winding down the purchase of Russian oil.
• Sees signs of a manufacturing boom.

The USTR's announcement about India's plans to reduce industrial goods tariffs to zero is a significant step toward improved US-India trade relations and could enhance export opportunities for US manufacturers. However, India's ongoing protection of agricultural goods and technical non-tariff barriers may limit the full potential of this deal. Additionally, monitoring India's oil purchases and signs of a manufacturing boom indicate shifting dynamics in both the energy and industrial sectors, which may affect broader market sentiment.