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
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.
US Redbook YoY (Jan/31) Y/Y 6.7% (Prev. 7.1%)
Capri (CPRI) exec. says we anticipate sequential improvement in retail trends in Q4 and a return to growth in FY27
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
China urges breakthrough in 6G and quantum technology; China supports the expansion of key technology firms
Daily US Equity Opening News - House to vote on spending package; PLTR surges after Q4 beat; NXPI lower on slower auto growth
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- Have been monitoring India's winding down the purchase of Russian oil.
- Sees signs of a manufacturing boom.
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.
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