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In a surprising turn of events, President Trump on Thursday said India has offered to drop tariffs on US goods as part of a potential trade deal.

Speaking at a business event in Qatar, he claimed India is "willing to literally charge us no tariff." Trump also said he urged Apple CEO Tim Cook not to expand production in India and that Apple ( AAPL ) will instead increase manufacturing in the US.

On Monday, a White House executive order slashed the "de minimis" tariff on China shipments to 54% from 120%, with a $100 flat fee.

It served as the latest in a broad thawing of trade-war tensions between the US and China, after the two powers paused most tariffs for 90 days and sent markets into euphoria.

"The consensus from both delegations this weekend is neither side wants a decoupling," US Treasury Secretary Scott Bessent said on Monday . "And what had occurred with these very high tariffs ... was the equivalent of an embargo, and neither side wants that. We do want trade."

Also on Tuesday, it was reported that China has lifted its ban on Boeing ( BA ) plane deliveries.

Meanwhile, President Trump's Middle East visit has opened the door for Saudi Arabia and the UAE to push ahead with their AI ambitions, with Big Tech firms like Nvidia ( NVDA ) and Advanced Micro Devices ( AMD ) set to supply advanced chips.

Despite these deals, the world's largest contract electronics maker, Foxconn ( HNHAF , 2317.TW ) downgraded its full year outlook on Wednesday due to tariff uncertainty.

Broader optimism for a comprehensive shift in US policy grew last week as Trump announced a trade deal with the UK, the first for his administration since imposing — then pausing — sweeping "reciprocal" tariffs against all trading partners in early April.

Meanwhile, US negotiations with the UK's neighbors in the EU have taken a different tone, with the EU on Thursday unveiling a list of US products it will target with tariffs in the event trade negotiations fail.

Here are the latest updates as the policy reverberates around the world.