Fact Sheet: The United States and India Announce Historic Trade Deal
Fact sheetTrade dealPublished 02/09Open the original
Summary
President Trump and Prime Minister Modi agree a framework for an interim reciprocal trade agreement: the additional 25% tariff is removed as India commits to stop buying Russian oil, the reciprocal tariff on India falls from 25% to 18%, and India cuts tariffs on U.S. goods and intends to buy over $500 billion of U.S. energy, ICT, coal and other products.
By industry
- Tariffs & Reshoring1 trading day−0.4%p15 stocks5 trading days−2.0%p15 stocks20 trading days−10.5%p15 stocks
“the United States will lower the Reciprocal Tariff on India from 25% to 18%”
- Energy & LNG1 trading day−0.8%p14 stocksSmall sample5 trading days+2.6%p14 stocksSmall sample20 trading days+9.8%p14 stocksSmall sample
“purchase over $500 billion of U.S. energy, information and communication technology, coal, and other products”
Day by day after the announcement
| Day | Tariffs & Reshoring stocks | S&P 500 |
|---|---|---|
| 26/02/06 | 0.0% | 0.0% |
| 26/02/09 | +0.2% | +0.6% |
| 26/02/10 | −0.7% | +0.5% |
| 26/02/11 | +1.2% | +0.4% |
| 26/02/12 | −2.2% | −1.1% |
| 26/02/13 | −3.3% | −1.2% |
| 26/02/17 | −4.4% | −1.1% |
| 26/02/18 | −4.2% | −0.6% |
| 26/02/19 | −5.2% | −0.8% |
| 26/02/20 | −5.6% | −0.1% |
| 26/02/23 | −6.6% | −1.1% |
| 26/02/24 | −7.7% | −0.4% |
| 26/02/25 | −6.8% | +0.7% |
| 26/02/26 | −6.9% | −0.5% |
| 26/02/27 | −8.0% | −0.8% |
| 26/03/02 | −6.1% | −0.7% |
| 26/03/03 | −8.4% | −1.6% |
| 26/03/04 | −8.1% | −0.6% |
| 26/03/05 | −10.1% | −1.4% |
| 26/03/06 | −12.9% | −2.6% |
| 26/03/09 | −12.7% | −2.1% |
Korean stocks in these industries
- Hyundai Steel 004020
- POSCO Holdings 005490
- SeAH Steel Holdings 003030
- Korea Gas Corporation 036460
- POSCO International 047050
- SK Innovation 096770
- Samsung Heavy Industries 010140
Trades in these industries around the announcement
Members' and insiders' trades in the industries' stocks, 30 days before to 30 days after.
- Mark W. Marinko
BuySunCoke Energy
BuySunCoke Energy
SXC
$56.1K
9,600 sh
$56.1K
Filed 02/26
Traded 02/25
- Richard J. Mark
BuySempra
BuySempra
SRE
$251.2K
2,692 sh
$251.2K
Filed 03/11
Traded 03/11
- Cynthia J. Warner
BuySempra
BuySempra
SRE
$232.4K
2,500 sh
$232.4K
Filed 03/11
Traded 03/11
- Mark W. Marinko
BuySunCoke Energy
BuySunCoke Energy
SXC
$2,332
400 sh
$2,332
Filed 02/26
Traded 02/25
- Phillip Michael Hardesty
BuySunCoke Energy
BuySunCoke Energy
SXC
$71.2K
12,209 sh
$71.2K
Filed 02/26
Traded 02/25
- Michael Wichterich
BuyExpand Energy
BuyExpand Energy
EXE
$108K
1,000 sh
$108K
Filed 03/09
Traded 03/06
- Michael Wichterich
BuyExpand Energy
BuyExpand Energy
EXE
$107K
1,000 sh
$107K
Filed 03/09
Traded 03/06
- Andrei Alexander Mikhalevsky
BuySunCoke Energy
BuySunCoke Energy
SXC
$27.7K
5,000 sh
$27.7K
Filed 03/02
Traded 02/26
- Glencore International
SellCentury Aluminum
SellCentury Aluminum
CENX
$326.8M
6,315,245 sh
$326.8M
Filed 03/04
Traded 03/04
- Phillip Michael Hardesty
BuySunCoke Energy
BuySunCoke Energy
SXC
$1,694
291 sh
$1,694
Filed 02/26
Traded 02/25
- Scott J. Kelly
BuyWorthington Steel
BuyWorthington Steel
WS
$273.8K
7,000 sh
$273.8K
Filed 01/29
Traded 01/27
- Jeffrey A. Jewell
BuyDT Midstream
BuyDT Midstream
DTM
$25.2K
185 sh
$25.2K
Filed 02/25
Traded 02/25
- Edilson Camara
BuyCleveland-Cliffs
BuyCleveland-Cliffs
CLF
$199.6K
19,700 sh
$199.6K
Filed 02/13
Traded 02/13
- Greg Creed
BuyWhirlpool
BuyWhirlpool
WHR
$198.8K
3,305 sh
$198.8K
Filed 03/04
Traded 03/03
- Dennis V. Arriola
BuyCommercial Metals
BuyCommercial Metals
CMC
$149.4K
2,000 sh
$149.4K
Filed 01/22
Traded 01/20
- Lourenco Goncalves
SellCleveland-Cliffs
SellCleveland-Cliffs
CLF
$37.3M
3,000,000 sh
$37.3M
Filed 02/11
Traded 02/11
- Matthew Gallagher
BuyExpand Energy
BuyExpand Energy
EXE
$100.7K
1,000 sh
$100.7K
Filed 02/19
Traded 02/19
- Jon J. Bowsher
BuyWorthington Steel
BuyWorthington Steel
WS
$100.4K
2,500 sh
$100.4K
Filed 02/03
Traded 01/30
- William A. Smith
BuyKinder Morgan
BuyKinder Morgan
KMI
$89.3K
3,000 sh
$89.3K
Filed 02/03
Traded 02/02
- Mark Scucchi
SellRange Resources
SellRange Resources
RRC
$1.2M
30,000 sh
$1.2M
Filed 03/04
Traded 03/02