Is Trump Warming Up to India? A Look at the Impact of Trade War
2025-04-30
As global markets search for stability, recent comments from the U.S. President Donald Trump suggests a potential turning point in the ongoing trade war saga — this time, with India in focus.
While Trump has historically embraced a tough stance on international trade, his latest remarks and cabinet updates hint at a new direction, possibly signaling a warming relationship with India.
This development comes as Bitcoin and other cryptocurrencies quietly react to shifting political winds.
Trade War Talks and the Indian Angle
Trump, scheduled to speak at a rally in Macomb County, Michigan, reignited speculation around new trade developments by suggesting progress with India. In a brief exchange with reporters, he hinted that a deal with the South Asian nation is “going well.”
Although no formal agreement has been announced, U.S. Commerce Secretary Howard Lutnick confirmed that negotiations were in motion and that one country had already reached a trade deal pending approval by its prime minister and parliament.
While Lutnick did not explicitly name India, the context of ongoing discussions and Trump’s direct mention of the country leave little doubt that India may be central to the evolving trade narrative.
Bitcoin and the Political Temperature
Interestingly, this softening tone on trade appears to be making waves beyond traditional markets. Bitcoin, the original cryptocurrency, edged up by 0.5% to around $95,400, according to CoinGecko data. Ethereum and Solana also gained ground, rising by 3% and 2%, respectively.
Market analysts suggest that Trump’s remarks could indirectly benefit Bitcoin by injecting optimism into the broader economic outlook.
Bitfinex analysts told Decrypt that even without concrete policy action, Trump’s public tone could “embed Bitcoin into the macro-political narrative.”
This could include language that frames Bitcoin as a potential element of America’s future financial infrastructure, or at the very least, as a hedge in uncertain economic times.
Political Messaging and Economic Impact
Trump’s social media activity on Truth Social has also added fuel to the fire. He posted multiple messages celebrating his administration’s achievements and endorsements, including praise from the Department of Education and House Speaker Mike Johnson.
However, his main focus in recent weeks has been foreign policy — particularly trade — indicating a strategic shift from domestic bragging rights to international economic positioning.
Economists remain cautious. Some argue that the former president’s tariff-heavy approach may further inflate prices and dampen growth.
David Lawant, head of research at crypto brokerage FalconX, warned that while political headlines may push asset prices in the short term, the long-term effects of trade restrictions could pressure the U.S. economy.
He added that “as the new environment takes shape,” inflation and reduced economic activity may be the more significant outcomes.
The Federal Reserve’s preferred inflation metric is set for release soon, and many experts are watching closely to see if Trump’s rhetoric will translate into measurable economic shifts.
Read more about Bitcoin (BTC):
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Disclaimer: The content of this article does not constitute financial or investment advice.
