President Trump indicated that tariff discussions with India are progressing positively, raising hopes for a potential agreement. Both nations are actively pursuing “early mutual wins” to finalize key aspects of the bilateral trade agreement by the Fall of 2025. Discussions have already commenced, with further in-person sectoral engagements planned for late May to achieve tangible outcomes before the deadline.

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Foreign ministers from the BRICS group of developing nations failed to reach a joint communique on Tuesday after meeting in Rio de Janeiro, but chair Brazil issued a statement speaking out against trade protectionism.