Good Morning,
BRICS: INDIA SEEKS TO BE A MAJOR REPLACEMENT SUPPLIER TO THE US IN TRADE
India hopes to establish a new deal with the US on trade quickly, as the country seeks to become a major replacement supplier in areas vacated by China in trade.
New Delhi says its prepared to include a sweetener in trade talks with the US that would “future-proof” a deal by ensuring no other trade partners could have superior terms. “This clause, in a sense, future-proofs the U.S. deal and is the only way to do so,” one of the officials said.
Indian government officials are pushing for the deal to be accepted by the Trump Administration as soon as possible. Despite the tensions between the nation and the BRICS alliance, the US and India have been in revised trade talks for months.
The potential US-India trade deal represents a significant step forward in bilateral economic relations between the two nations. Secretary Bessent’s statements this week and India’s latest proposal suggest that negotiators have already made substantial progress in these ongoing discussions.
Right now, the US actively pursues trade agreements with several Asian nations as well. The Treasury Secretary provided some additional insight into these diplomatic efforts during his recent CNBC interview on Monday. Bessent stated: “The U.S. had also held very substantial negotiations with Japan, and discussions with other Asian trading partners were going well.”
India has already made several offers and pre-emptive concessions to the U.S. on trade, showing itself more eager than several other big U.S. trading partners. Unlike China, Canada, and the European Union, India has been very supportive of the Trump administration and has established a solid partnership. Furthermore, the country also wants to avoid the proposed 26% tariff on itself from the US.
@ Newshounds News™
Source: Watcher Guru
~~~~~~~~~
EU SECURITIES WATCHDOG ESMA ISSUES GUIDELINES TO COMBAT MARKET ABUSE IN CRYPTO ASSETS UNDER MICA
On April 29, 2025, the European Securities and Markets Authority (ESMA) published guidelines to enhance supervisory practices for preventing and detecting market abuse in crypto assets under the Markets in Crypto Assets Regulation (MiCA).
Tailored for National Competent Authorities (NCAs), the guidelines draw on ESMA’s experience with the Market Abuse Regulation (MAR) and address the unique aspects of crypto trading, such as its cross-border nature and heavy reliance on social media.
They emphasize risk-based, proportionate supervision and aim to foster a unified supervisory culture through industry dialogue and NCA collaboration.
The guidelines will be translated into all EU languages, take effect three months after publication, and require NCAs to confirm compliance within two months, though ESMA encourages immediate adoption of the principles.
@ Newshounds News™
Source: Bitcoin News
~~~~~~~~~
🇪🇺 LATEST: Europe’s second largest neobank, Bunq partners with Kraken to offer crypto trading services for its banking app users in six European countries starting April 29.
@ Newshounds News™
Source: @Cointelegraph on Telegram
~~~~~~~~~
Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
Newshound’s News Telegram Room Link
Q & A Classroom Link
Follow the Roadmap
Follow the Timeline
Seeds of Wisdom Team™ Website
