According to Mobius, a completely free trade environment would be best, but most countries, particularly China, are not willing to follow World Trade Organisation rules and adhere to reciprocity

As the July 9 deadline for the US tariff pause approaches, investors are anxious. A favourable trade deal could boost the Indian stock market and foreign investment, but unresolved tariff issues may lead to volatility.

US President Donald Trump is taking a big step in his trade strategy by sending out letters about new tariffs (taxes on imported goods) to 12 different countries on July 7. He signed these letters on Friday,