*Walter Bloomberg|May 23, 2025 13:56
🚨 INDIA & U.S. NEAR TRADE DEAL BREAKTHROUGH
Sources tell CNBC-TV18 that India and the U.S. may reach an initial trade agreement within 7–10 days. Key highlights:
🔸 The U.S. is expected to partially exempt Indian goods from the 26% reciprocal tariffs.
🔸 A 10% tariff may be imposed on Indian imports, with zero duties on select product lines.
🔸 Trump's proposed 25% tariff on Apple phones is unlikely to affect Apple’s manufacturing operations in India.
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