India Swings the BRICS Axe—Chops US Tariffs in Bold Trade Move

New Delhi just rewrote the trade rulebook—dropping tariffs on US goods like a hot mic at a G7 meeting. Is this strategic pragmatism or economic Stockholm syndrome?

Behind closed doors: BRICS members scramble to recalibrate as India plays both sides. The dollar’s grip tightens while goldbugs weep into their reserves.

Wall Street’s reaction? A collective shrug—they’ll just repo the savings into another leveraged crypto ETF.

Speaking at the Oval Office today, Trump credited himself as the reason behind India agreeing to eliminate tariffs on US goods. “They’ve already agreed. They would have never done that for anybody else but me,” Trump said in a media scrum. The two countries are engaged in ongoing talks of a new trade deal following the United States’ imposition of 10% sweeping trade tariffs on all countries. US President Donald Trump introduced the plan in an effort to balance trade, with the focus being on new agreements that would fulfill this charge.

Representation from India has not confirmed Trump’s claim that they’ve agreed to slash all tariffs on US goods. The two countries remain in talks, according to Trump. Also on Tuesday,came to terms on a new free trade agreement. Indeed, the deal had been reached after three years of negotiations. The deal will reportedly make it much easier for the UK-based company to export various goods, including automobiles. Moreover, it will cut taxes placed on India’s clothing exports, the BBC reported.

Furthermore, Trump says that the US is “open for business” for deals with several countries on tariff talks. However, one country not included is India’s BRICS partner, China. China and the US remain in heated discussion over tariffs between both countries, including an over 140% tariff on the Asian country. Trump said today that his administration “could sign 25 deals right now” on trade, although none have been finalized by both sides yet, including India.