CNBC Daily Open: India and U.S. strike a trade deal, and markets shrug off precious metals rout

In this article

Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today

The world’s largest economy has struck a deal with the most populous nation.

U.S. President Donald Trump announced Monday that America will lower so-called reciprocal tariffs on India to 18% from 25%. As part of the deal, New Delhi will “BUY AMERICAN” at “a much higher level,” and stop buying oil from Russia. Instead, India will import it from the U.S. and possibly Venezuela, according to Trump.

Despite various nations’ commitments to engage in more trade and investment with Washington, it seems travelers are still staying away from the U.S. — at least according to Disney