Donald Trump

India Edges Towards US Trade Deal Amidst Tariff Pressures, GTRI Urges Caution

India nears a limited trade deal with the US, aiming to avert August 1 reciprocal tariffs. While Trump is optimistic, GTRI urges caution, calling it a "Yielding to American Tariff Retaliation Agreement." India prioritizes safeguarding its farmers and insists on a balanced pact, especially regarding GM agricultural products.

Two significant threats, Trump and China's Xi, are now jeopardizing Apple's plans in India.

Apple's ambitious India manufacturing expansion faces unexpected obstacles. A potential Trump presidency threatens tariffs on Indian-made iPhones, while China's Xi Jinping is reportedly hindering the transfer of key engineers and equipment to India. These dual pressures complicate Apple's strategy to diversify its supply chain away from China.