Yellen: U.S.-India Tariff Deal Reaches Final Agreement Stage

On April 23, U.S. Treasury Secretary Janet Yellen announced that U.S. and India are close to finalizing a tariff agreement.

This agreement is fueling optimism in financial markets, leading to notable gains in both equity and crypto sectors.

U.S.-India Tariff Deal: Market Implications

Janet Yellen, the U.S. Treasury Secretary, stated that the U.S. and India are close to finalizing a tariff agreement. This announcement aligns with her consistent efforts to streamline international trade policy and reduce global economic friction.

The progressing negotiations hint at a decrease in trade tension, positively influencing market sentiment. The potential agreement is expected to strengthen economic ties between the two nations, facilitating smoother trade transactions.

Bitcoin Hits $92,625 as Trade Talks Progress

Did you know? In previous U.S.-India trade discussions, positive outcomes typically spurred financial markets, reinforcing investor confidence and generally promoting risk-on trading behavior across sectors.

As of April 23, Bitcoin's price is $92,625.23, per CoinMarketCap data. The cryptocurrency's current market cap is $1.84 trillion, commanding a 63.34% dominance. BTC has gained 2.15% over the last 24 hours, with a seven-day increase of 9.1%.

Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 15:49 UTC on April 23, 2025.

Source: CoinMarketCap

Experts from the Coincu research team highlight the potential regulatory easing as U.S.-India trade discussions progress. Heightened international cooperation could provide insights into more adaptive policies, possibly benefiting regulatory clarity in cryptocurrency markets. As Janet Yellen put it, "tariff negotiations could never be a lengthy process" and emphasized that the U.S. and India are very close to reaching an agreement on a tariff deal.

Source: CryptoSlate