For what it is worth (more of some of the rehash from yesterday). FoxBusiness Gasparino it X’ing
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Trump White House is informing senior Wall Street executives of a near-term trade agreement in principle with India.
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Sources are senior Wall Street execs with connections to the White House.
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No specific timing details yet; past efforts with Japan were delayed due to renegotiations.
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The envisioned India deal would include:
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Agreed-upon goals
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Resolved issues
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A set deadline for a finalized trade pact
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Deal could serve as a template for similar agreements with Japan, South Korea, and Australia.
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Press officials for Scott Bessent declined to comment but did not deny the report.
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Story is still developing.
Here is the SCOOP
Love how the WH tells Wall Street execs
Let me guess, it will be a “Memorandum of understanding” and the thorny issues will be figured out later.
This article was written by Greg Michalowski at www.forexlive.com.