Homepage / Asia / India execs raise concerns about potential trade war with US
Amazon says this Prime Day was its biggest shopping event ever Kudlow says President Trump is 'so dissatisfied' with China trade talks that he is keeping the pressure on As stocks regain their footing, an ominous warning looms Goldman Sachs downgrades Clorox to sell, says valuation is 'unsustainably high' How Satya Nadella has spurred a tripling of Microsoft's stock price in just over four years Kudlow says economic growth could top 4% for 'a quarter or two,' more tax cuts could be coming The one chart that explains Netflix’s stunning comeback US housing starts plunge 12% in June to a nine-month low Aerospace titans Boeing and Airbus top $110 billion in orders at Farnborough Target uses Prime Day to its advantage, logging its 'biggest online shopping day' so far this year Billionaire Marc Lasry sees bitcoin reaching up to $40,000 as it becomes more mainstream and easier to trade These are the 10 US airports where you're most likely to be hacked Amazon shares slightly higher as investors await Prime Day results Wreck of Russian warship found, believed to hold gold worth $130 billion A bullish ‘phenomenon’ in bond market is weeks away from fading, top credit strategist says Stocks making the biggest moves premarket: MS, GOOGL, TXN, UAL, NFLX & more Twitter shares up 50% since late April means most upside priced in, analyst says in downgrade EU fines Google $5 billion over Android antitrust abuse Mortgage applications fall 2.5% as buyers struggle to find affordable homes America may not have the tools to counter the next financial crisis, warn Bernanke, Geithner and Paulson Investors are getting spooked as the risk of a no-deal Brexit rises EU expected to fine Google $5 billion over Android antitrust abuse Ex-FBI chief James Comey urges Americans to vote for Democrats in midterm elections Elon Musk apologizes to British cave diver following baseless 'pedo guy' claim Disney, Comcast and Fox: All you need to know about one of the biggest media battles ever Xiaomi shares notch new high after Hong Kong, mainland China stock exchanges reach agreement The trade war is complicating China's efforts to fix its economy European markets set for a strong open amid earnings; Google in focus Hedge fund billionaire Einhorn places sixth in major poker tournament The biggest spender of political ads on Facebook? President Trump Asian stocks poised to gain after Fed's Powell gives upbeat comments; dollar firmer Stocks are setting up to break to new highs Not all FAANG stocks are created equal EU ruling may be too little, too late to stop Google's mobile dominance Cramer explains how Netflix's stock managed to taper its drop after disappointing on earnings Airbnb condemns New York City's 'bellhop politics,' threatens legal retaliation Amazon sellers say they were unfairly suspended right before Prime Day, and now have two bad choices Investor explains why 'duller' tech stocks can have better returns than 'high-flying' tech names Elon Musk is 'thin-skinned and short-tempered,' says tech VC Texas Instruments CEO Brian Crutcher resigns for violating code of conduct Google Cloud Platform fixes issues that took down Spotify, Snapchat and other popular sites Uber exec: We want to become the 'one stop' transportation app 'What a dumb hearing,' says Democrat as Congress grills tech companies on conservative bias Amazon shares rebound, report says Prime Day sales jumped 89 percent in first 12 hours of the event How to put your medical history on your iPhone in less than 5 minutes Investment chief: Watch these two big events in 2018 Even with Netflix slowing, the market rally is likely not over Cramer: Netflix subscriber weakness debunks the 'sky's the limit' theory on the stock Netflix is looking at watch time as a new area of growth, but the competition is stiff Why Nobel laureate Richard Thaler follows Warren Buffett's advice to avoid bitcoin Rolls-Royce is developing tiny 'cockroach' robots to crawl in and fix airplane engines After Netflix plunge, Wall Street analysts forecast just tame returns ahead for the once high-flying FANG group Roku shares rise after analyst raises streaming video company's price target due to customer growth China is investing 9 times more into Europe than into North America, report reveals Amazon says US Prime Day sales 'so far bigger than ever' as glitch is resolved Netflix is on pace for its worst day in two years US lumber producers see huge opportunity, rush to expand San Francisco to consider tax on companies to help homeless Homebuilder sentiment, still high, stalls as tariffs, labor and land drive up costs Powell backs more rate hikes as economy growing 'considerably stronger' Netflix history is filled with big stock declines – like today – followed by bigger rebounds Intel shares get downgraded by Evercore ISI due to rising competition from Nvidia, AMD Petco aims to reinvent the pet store with something you can't buy online Genetic testing is coming of age, but for consumers it's buyer beware Tech 'FAANG' was the most-crowded trade in the world heading into the Netflix implosion, survey shows Netflix weak subscriber growth may indicate a 'maturity wall' that could whack the stock even more: Analyst This chart may be predicting the bull market's demise Wall Street says Netflix's stock plunge is a ‘compelling’ buying opportunity because the streaming giant ‘never misses twice’ Tesla sinks after Musk tweets, again Boeing announces new division devoted to flying taxis Stocks making the biggest move premarket: NFLX, UNH, GS, AMZN, WMT & more Deutsche Bank downgrades Netflix, but says big subscriber miss is not 'thesis changing' IBM is experimenting with a cryptocurrency that’s pegged to the US dollar North Korea and Zimbabwe: A friendship explained Virgin Galactic spinoff Orbit to launch rockets from the UK with space deal Artificial intelligence will create more jobs than it destroys? That’s what PwC says ‘Treasonous’ Trump and ‘Putin’s poodle:' Scathing headlines follow the Trump-Putin summit China’s fintech companies offer ‘enormous’ opportunity, investment manager says Trump's performance at summit with Putin was 'unprecedented,' experts say Walmart and Microsoft link up on cloud technology as they both battle Amazon European stocks seen mixed amid earnings; Fed’s Powell to address Congress How I knew I should quit my day job and run my start-up full-time: Viral website founder China's stocks have been trounced, but the trade war may ultimately be good news for those shares Billionaire tech investor Peter Thiel bets on crypto start-up Block.one Asian shares subdued open after mixed close on Wall Street; energy stocks under pressure Amazon cloud hits snags after Amazon Prime Day downtime Netflix isn't doomed by one quarter unless people start questioning the long-term investor thesis Tech stocks set to sink on Tuesday after rough evening for ‘FANG’ Netflix plummets after missing big on subscriber growth This wristband lets humans control machines with their minds The U.S. has a rocky history convincing Russia to extradite computer criminals Amazon suffers glitches at the start of Prime Day Jeff Bezos is now the richest man in modern history 'The United States has been foolish': Read Trump and Putin's full exchange Goldman Sachs recommends these 5 highly profitable companies — including Nvidia — to combat rising inflation Goldman Sachs releases 'tactical' stock picks for this earnings season Three red flags for Netflix ahead of its earnings report The bond market may be raising recession fears, but don't expect one anytime soon Cramer: Banks are 'making fortunes' but are still as hated as they were during the financial crisis Putin told Trump at summit: Russia never meddled in US election


India execs raise concerns about potential trade war with US

Add India to the list of countries that are growing frustrated with the U.S. administration’s trade policy.

On Thursday, a group of top executives and government officials from India met in Washington with U.S. trade representatives and others at the Annual Leadership Summit of the U.S.-India Strategic and Partnership Forum (USISPF).

Many expressed their concern about an ongoing trade dispute between the two countries.

India did not receive an exemption from U.S. tariffs on aluminum and steel imports, prompting Prime Minister Narendra Modi’s government to respond with its own set of tariffs on roughly $240 million of U.S. goods, set to go into effect in August.

Ajay Singh, the chairman and managing director of India’s discount airline SpiceJet, spoke about trade at the summit during a session moderated by CNBC, questioning the direction of the relationship between the two countries.

“We need to talk about this a lot more,” he said. “Where do we see ourselves several years from now? Is this really a strategic relationship? Is it that we will trust each other enough? Will India trust the U.S. to be there when India needs them? And will the U.S. trust India with technology that’s obviously been developed with a great deal of effort?”

Senator Mark Warner, a Virginia Democrat and co-chair of the Senate India Caucus, highlighted the importance of the U.S.-India relationship but admitted there is room for progress.

“I think there may be a good rapport between Modi and Trump but that hasn’t translated into enough solid action,” he said at the event.

Not only is India an important growth market for U.S. corporations, but it serves as a strategic political ally for Washington in the region, often seen as an effective way to counterbalance China. Indian executives including Singh said they worry that if the trade dispute escalates, India will have to seek support from other nations.

“On the defense side, a lot of Indian equipment is from Russia…and that country has had a history of standing by India in its times of need,” Singh said. “We need a similar assurance from the United States. We also need to find a way in which we marry President Trump’s ‘America First’ with Prime Minister Modi’s ‘Make in India.'”

“Make in India” is a reference to Modi’s campaign to encourage companies to make products and invest in India.

Meantime, Indian officials said they remain hopeful that the world’s two largest democracies will be able to come to an agreement on trade, though New Delhi is ready to retaliate if needed.

“I hope that this is a resolution that can happen through negotiation rather than retaliation,” former Indian government official Dr. Arvind Panagariya said. “But at the end of the day, if one country retaliates, as a defensive measure, if India has to retaliate, unfortunate as it may be, I think it will have to do it. Because else, your markets become closed to me, my market remains open to you.”

Despite fresh concerns around trade, corporate leaders from several U.S. firms at the summit, including Philip Morris, Caterpillar, Twenty-First Century Fox and General Electric, said they were optimistic about the growing number of economic opportunities between the two nations. A number of speakers cited Walmart’s decision to buy a 77 percent stake in Indian e-commerce company Flipkart for roughly $16 billion. The mega-deal, some executives said, has already inspired more American firms to take a serious look at India for opportunities.

Mukesh Aghi, the president and chief executive of the USISPF, said more opportunities will emerge as foreign investors like Japan’s SoftBank continue to invest in India’s thriving start-up landscape.

“The business opportunities for both Indian companies, American companies, large companies and small companies is dramatic,” said John Chambers, the chairman emeritus of Cisco Systems and chairman of the USISPF, to CNBC. “India will be the fastest growing economy for the next decade. When I said that three years ago people said I’m not so sure. You can see that’s going to happen in the world. I think from a business perspective, the opportunity is very good.”

Source: cnbc china
India execs raise concerns about potential trade war with US

Comments are closed.