Wall Street eyed signs of progress on key trade fronts Tuesday, as Treasury Secretary Scott Bessent hinted at deescalation with China and the US and India hailed headway on talks. Bessent called the tit-for-tat tariffs with China unsustainable,

Indian tariffs on US products are far higher than what the US imposes on Indian goods. Changing that won’t be easy.

India and the US hope to seal a bilateral trade agreement this year and have set an ambitious target of more than doubling their bilateral trade to $500 billion by 2030.