US PRESIDENT TRUMP: INDIA TRADE DEAL IS ‘PRETTY CLOSE’

US President Donald Trump said a trade deal with India is "pretty close," signaling that bilateral trade negotiations between Washington and New Delhi are nearing a conclusion. The transmission channel runs primarily through trade-policy expectations, where a credible deal would reduce tariff uncertainty for exporters and importers and could ease pressure on supply chains that have been rerouted in response to earlier duties. Indian equities, the rupee, and export-oriented sectors such as textiles, pharmaceuticals, and electronics would be most sensitive to any change in US tariff treatment, while US importers reliant on Indian goods would also face cost implications. Traders will be watching for official text or joint statements from both governments, as well as any scheduled negotiating rounds, since headline optimism from the US president has historically not always translated into signed agreements.

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