Moneycontrol Pro Panorama | A Pause in Tariff Wars, Not the End

 The Panorama newsletter, sent exclusively to Moneycontrol Pro subscribers on market days, curates key stories from Moneycontrol Pro and adds valuable insights by highlighting important contexts, events, or trends that investors should watch closely.

It’s been nearly six weeks since April 2, when US President Donald Trump first announced stringent tariffs targeting America’s trading partners. Yet, despite the fanfare, no definitive trade agreements have been finalized by the US with any country so far.

Take the US-UK trade discussions, for instance—while there are indications of a 10% tariff on goods imported into the US from the UK, full details remain under wraps. The much-anticipated US-China negotiations concluded with both nations agreeing to a temporary 90-day reduction on steep reciprocal tariffs. Currently, US tariffs on Chinese imports stand at 30%, while China’s tariffs on US goods are at 10%, but these rates may change in the near future. Meanwhile, the European Union reportedly awaits its chance to engage in trade talks with the US.

Looking ahead to 2025 and beyond, further negotiations are likely to unfold. Whether these talks will result in definitive agreements that could bring lasting peace to the tariff battles remains uncertain. Economists warn that the process could be complex and drawn out over several months or more. However, the ongoing bilateral discussions, especially with countries linked to the US’s growing trade deficit, signal a willingness from world leaders—including Trump—to return to the negotiating table and seek a truce, easing some market tensions in the meantime