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China's ambassador to India, Xu Feihong, says China will stand firmly with India and opposes President Donald Trump's tariffs of up to 50% on Indian exports. Kate Kalutkiewicz, a former Trump trade official and Mclarty Associates lead for trade, says this is China just trying to win the rhetoric game.
When friendships go awry, there is often a rush to find new cliques. That is playing out on the international stage.
India's Epsilon Advanced Materials is moving swiftly to close deals to supply critical components to Japanese and South Korean battery makers in the U.S., a top executive said, after Washington imposed anti-dumping duties on Chinese imports.
Saurabh Mukherjea, Founder and CIO of Marcellus Investment Managers says India's biggest GST revamp in 8 years is "much needed" which will help boost the Indian economy. However, he doesn't think it will entirely neutralize Trump's tariffs if they were to stay at 50%.
Our global markets watchlist tracks nine prominent indexes from economies around the world.
Markets rallied following Indian Prime Minister Narendra Modi's announcement of tax cuts set to boost domestic consumption. India's economy is battling with the challenge of prospectively steep U.S. tariffs exacerbated by its Russian crude purchases.
Indian markets surged Monday on news of a potential goods and services tax overhaul. James Thom of Aberdeen said he remains bullish on India's structural outlook, noting the reform could revive weakening consumption and cushion the impact of high U.S. tariffs.
When companies realized they needed to diversify away from China, India was the natural choice. Now, U.S. tariffs threaten that.
Our global markets watchlist tracks nine prominent indexes from economies around the world.
From McDonald's and Coca-Cola to Amazon and Apple, U.S.-based multinationals are facing calls for a boycott in India as business executives and Prime Minister Narendra Modi's supporters stoke anti-American sentiment to protest against U.S. tariffs.