President Donald Trump stated on Thursday that India has indicated a willingness to eliminate tariffs on U.S. goods as part of potential trade discussions. Speaking at a business forum in Qatar, Trump claimed India is “willing to literally charge us no tariff” in a future agreement.
He also shared that he had advised Apple CEO Tim Cook to prioritize domestic production over overseas expansion, adding that Apple had committed to increasing its manufacturing presence within the United States.
Retail giant Walmart issued a cautionary statement on Thursday regarding potential price increases for consumers, citing the rising costs associated with the current tariff environment. CEO Doug McMillon noted that while the company will strive to maintain affordability, the impact of tariffs—despite recent adjustments—has created significant pressure on already narrow retail margins. Walmart has also opted not to provide second-quarter profit guidance, citing continued trade-related uncertainty.
While recent developments in U.S.-China trade relations have led to a temporary 90-day pause on most tariffs, analysts and investors are closely watching the evolving policy landscape. U.S. Treasury Secretary Scott Bessent noted earlier this week that both countries signaled they are not aiming for economic decoupling.
Elsewhere, Trump’s visit to the Middle East has attracted attention from regional technology sectors. Countries such as Saudi Arabia and the UAE are pushing forward with artificial intelligence initiatives, potentially benefiting companies like Nvidia and AMD, which supply high-performance chips.
In addition, recent progress was seen with a trade agreement between the U.S. and the United Kingdom, while discussions with the European Union continue. The EU has published a list of U.S. products that may face retaliatory tariffs if ongoing negotiations do not reach a resolution.
These developments reflect continued shifts in global trade strategy and corporate responses to an evolving tariff environment.
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