Asia-Pacific markets looked set to rise Tuesday after U.S. President Donald Trump said Washington and India had struck a trade deal and would immediately begin cutting tariffs on each other’s goods.
Trump added that Indian Prime Minister Narendra Modi had agreed to step up purchases of U.S. products, according to a Truth Social post on Monday following a call between the two leaders.
Under the deal, India will also stop its purchases of Russian crude oil and instead buy more from the U.S., and potentially, Venezuela, Trump added.
Japan’s Nikkei 225
futures pointed to a stronger open, with the contract in Chicago at 54,085 and its counterpart in Osaka at 54,000 compared to the previous close of 52,655.18.
