Apr 29 Trade deal with India done says Commerce secretary

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Market

“Commerce secretary Lutnick said today trade deal with one country is “done”, which CNBC reports is India.” 😊 😋

Markets moved higher on expectations that multiple trade deals will be negotiated

On the back of some good earnings from $SOFI ( ▼ 5.44% ) but poor earnings from $UPS ( ▼ 0.91% ) the market liked the news that trade deals are getting done and tariffs are likely to head lower soon. At the same time auto makers won’t face “stacked” tariffs - meaning on steel and inputs outside of their overall costs.

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