The United States and India are still trying to finish their long-overdue trade agreement, but Donald Trump’s newly appointed ambassador, Sergio Gor, says the twoThe United States and India are still trying to finish their long-overdue trade agreement, but Donald Trump’s newly appointed ambassador, Sergio Gor, says the two

Donald Trump’s newly appointed ambassador says India deal is almost there

2026/01/12 18:53
4 min read

The United States and India are still trying to finish their long-overdue trade agreement, but Donald Trump’s newly appointed ambassador, Sergio Gor, says the two sides are getting there.

On his first day on the job, Gor told embassy staff in New Delhi that both governments are still talking. He said another call is set for Tuesday and claimed the deal is still in motion.

“Real friends can disagree but always resolve their differences in the end,” Gor said.“Both sides continue to actively engage.

In fact, the next call on trade will occur tomorrow. Remember India is the world’s largest nation so it’s not an easy task to get this across the finish line but we are determined to get there.”

Trump’s envoy blames delays on size and complexity

Gor said India was originally supposed to be one of the first to sign a deal during Trump’s second term, but it didn’t happen. The two sides never agreed on the final details.

The U.S. slapped India with import taxes as high as 50%. It’s one of the highest rates anywhere in the world, and it was Washington’s way of hitting back at India’s energy imports from Russia.

Another problem? Trump and Modi’s communication. U.S. Commerce Secretary Howard Lutnick told reporters last week that India didn’t finalize the deal because Modi never called Trump to close it.

That comment made officials in New Delhi furious. They’re also still annoyed at Trump’s claims from last year that he personally ended the India-Pakistan conflict. India denied that and didn’t like Trump taking credit for something they say he didn’t do.

Gor tried to patch things up with softer words.“I can attest that his friendship with Prime Minister Modi is real,” he said.

The speech was delivered on the embassy steps with a crowd of mission staff watching. Gor said the two countries are tied not just by interest, but by top-level cooperation.

India to join Trump’s Pax Silica trade and tech group

Gor’s appointment is a shift in personnel but not direction. He’s a longtime Trump insider who led the Presidential Personnel Office and helped place thousands of Trump allies into government jobs.

Now he’s the point man in India. Even though he doesn’t have deep background in South Asia, he’s jumping in fast. He said his main goal is to expand ties between Washington and New Delhi.

One of the tools to do that? “Pax Silica.” That’s the Trump administration’s new tech alliance focused on semiconductors and AI. It already includes Japan, South Korea, the UK, and Israel. Gor said India will be invited to become a full member next month.

“Pax Silica is a US-led strategic initiative to build a secure, prosperous and innovation driven silicon supply chain—from critical minerals, energy inputs to advanced manufacturing semiconductors, AI development and logistics,” he said.

Behind the scenes, Trump’s team is already acting. The White House has taken government stakes in chipmakers and mining companies. They’re also pushing money into rare earths projects and global data centers. Export licenses for advanced chips are being used like bargaining chips.

National security is now being traded like it’s a product, and Washington is making sure no individual U.S. state can interfere with federal control over AI rules.

Gor replaces Eric Garcetti, the former Los Angeles mayor who helped lead Joe Biden’s 2020 campaign.

With Gor now in place, the Trump team has another loyalist running a key post. Whether he can finally get the India trade deal signed is still up in the air, but the next call is already on the calendar.

Join a premium crypto trading community free for 30 days - normally $100/mo.

Market Opportunity
OFFICIAL TRUMP Logo
OFFICIAL TRUMP Price(TRUMP)
$3.29
$3.29$3.29
-3.14%
USD
OFFICIAL TRUMP (TRUMP) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Crucial Fed Rate Cut: October Probability Surges to 94%

Crucial Fed Rate Cut: October Probability Surges to 94%

BitcoinWorld Crucial Fed Rate Cut: October Probability Surges to 94% The financial world is buzzing with a significant development: the probability of a Fed rate cut in October has just seen a dramatic increase. This isn’t just a minor shift; it’s a monumental change that could ripple through global markets, including the dynamic cryptocurrency space. For anyone tracking economic indicators and their impact on investments, this update from the U.S. interest rate futures market is absolutely crucial. What Just Happened? Unpacking the FOMC Statement’s Impact Following the latest Federal Open Market Committee (FOMC) statement, market sentiment has decisively shifted. Before the announcement, the U.S. interest rate futures market had priced in a 71.6% chance of an October rate cut. However, after the statement, this figure surged to an astounding 94%. This jump indicates that traders and analysts are now overwhelmingly confident that the Federal Reserve will lower interest rates next month. Such a high probability suggests a strong consensus emerging from the Fed’s latest communications and economic outlook. A Fed rate cut typically means cheaper borrowing costs for businesses and consumers, which can stimulate economic activity. But what does this really signify for investors, especially those in the digital asset realm? Why is a Fed Rate Cut So Significant for Markets? When the Federal Reserve adjusts interest rates, it sends powerful signals across the entire financial ecosystem. A rate cut generally implies a more accommodative monetary policy, often enacted to boost economic growth or combat deflationary pressures. Impact on Traditional Markets: Stocks: Lower interest rates can make borrowing cheaper for companies, potentially boosting earnings and making stocks more attractive compared to bonds. Bonds: Existing bonds with higher yields might become more valuable, but new bonds will likely offer lower returns. Dollar Strength: A rate cut can weaken the U.S. dollar, making exports cheaper and potentially benefiting multinational corporations. Potential for Cryptocurrency Markets: The cryptocurrency market, while often seen as uncorrelated, can still react significantly to macro-economic shifts. A Fed rate cut could be interpreted as: Increased Risk Appetite: With traditional investments offering lower returns, investors might seek higher-yielding or more volatile assets like cryptocurrencies. Inflation Hedge Narrative: If rate cuts are perceived as a precursor to inflation, assets like Bitcoin, often dubbed “digital gold,” could gain traction as an inflation hedge. Liquidity Influx: A more accommodative monetary environment generally means more liquidity in the financial system, some of which could flow into digital assets. Looking Ahead: What Could This Mean for Your Portfolio? While the 94% probability for a Fed rate cut in October is compelling, it’s essential to consider the nuances. Market probabilities can shift, and the Fed’s ultimate decision will depend on incoming economic data. Actionable Insights: Stay Informed: Continue to monitor economic reports, inflation data, and future Fed statements. Diversify: A diversified portfolio can help mitigate risks associated with sudden market shifts. Assess Risk Tolerance: Understand how a potential rate cut might affect your specific investments and adjust your strategy accordingly. This increased likelihood of a Fed rate cut presents both opportunities and challenges. It underscores the interconnectedness of traditional finance and the emerging digital asset space. Investors should remain vigilant and prepared for potential volatility. The financial landscape is always evolving, and the significant surge in the probability of an October Fed rate cut is a clear signal of impending change. From stimulating economic growth to potentially fueling interest in digital assets, the implications are vast. Staying informed and strategically positioned will be key as we approach this crucial decision point. The market is now almost certain of a rate cut, and understanding its potential ripple effects is paramount for every investor. Frequently Asked Questions (FAQs) Q1: What is the Federal Open Market Committee (FOMC)? A1: The FOMC is the monetary policymaking body of the Federal Reserve System. It sets the federal funds rate, which influences other interest rates and economic conditions. Q2: How does a Fed rate cut impact the U.S. dollar? A2: A rate cut typically makes the U.S. dollar less attractive to foreign investors seeking higher returns, potentially leading to a weakening of the dollar against other currencies. Q3: Why might a Fed rate cut be good for cryptocurrency? A3: Lower interest rates can reduce the appeal of traditional investments, encouraging investors to seek higher returns in alternative assets like cryptocurrencies. It can also be seen as a sign of increased liquidity or potential inflation, benefiting assets like Bitcoin. Q4: Is a 94% probability a guarantee of a rate cut? A4: While a 94% probability is very high, it is not a guarantee. Market probabilities reflect current sentiment and data, but the Federal Reserve’s final decision will depend on all available economic information leading up to their meeting. Q5: What should investors do in response to this news? A5: Investors should stay informed about economic developments, review their portfolio diversification, and assess their risk tolerance. Consider how potential changes in interest rates might affect different asset classes and adjust strategies as needed. Did you find this analysis helpful? Share this article with your network to keep others informed about the potential impact of the upcoming Fed rate cut and its implications for the financial markets! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action. This post Crucial Fed Rate Cut: October Probability Surges to 94% first appeared on BitcoinWorld.
Share
Coinstats2025/09/18 02:25
Vitalik Buterin Selling Ethereum 'Faster,' Says On-Chain Tracking Firm As Second-Largest Crypto Plunges Over 5%

Vitalik Buterin Selling Ethereum 'Faster,' Says On-Chain Tracking Firm As Second-Largest Crypto Plunges Over 5%

Vitalik Buterin offloaded millions worth of Ethereum (CRYPTO: ETH) over the past couple of days, coinciding with a significant drop in the cryptocurrency’s priceread
Share
Coinstats2026/02/23 12:46
VeChain (VET) Daily Market Analysis 23 February 2026

VeChain (VET) Daily Market Analysis 23 February 2026

VeChain faces price pressure despite major ecosystem upgrades – here's the latest: • VET price down 10.80% over 7 days, underperforming global crypto market (16
Share
Coinstats2026/02/23 12:47