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Trump may be taking the lead in the ongoing trade war - India wants a 0% tariff on pharmaceuticals if the US also makes similar concession - The broader market has reacted to the uncertainty with S&P 500 leading losses

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India and the US are currently negotiating, with the Asian giant proposing a zero -for-zero tariff on essential goods.

India wants a 0% tariff on pharmaceuticals if the US also makes similar concession.

Malaysia has also pushed for a zero tariff with the United States .

The broader market has reacted to the uncertainty with S&P 500 leading losses.