Indian fashion to meet Trump, Musk as trade tension
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Indian Prime Minister Narendra Modi speaks before the meeting with Brunej Sultan Hassanal Bolkiah in the Idana Nurul Iman in Bandar Seri Begawan 4. September 2024.
Dean Kassim | AFP | Getty Images
Indian Prime Minister Narendra Modi moves to Washington, DC, to meetings with President Donald Trump and members of his administration, including Elon muskIn order to discuss topics such as efforts to avoid trade war policies and artificial intelligence, CNBC confirmed.
In his meetings with President Trump on Thursday, fashion will turn to growing trade deficit and present a selection of trade concessions, including some related to agriculture and medical devices, according to sources to the upcoming conversations that they asked not to be appointed because weren weren ‘t is authorized to talk about the matter.
Modi and his team will also signal the intent of India to buy more liquidated natural gas from the USA, which is likely to include Cheniere energy. India is already buying one fifth of his LNG from the US and is one of the world’s largest imports.
High Modi government official told CNBC that India is ready to get more US defense equipment than StrykerAnd find other ways to partnership with Washington on military exercises in the Indian Ocean, where China remains a long threat.
While in Washington, fashion will spend time with the Minister of Treasury Scott Besent and State Secretary Marc Rubio, as well as the Howard portion, Trump’s candidate for the trade department.
Modi will also have one -on -one meeting with a man who oversees the “Government Efficiency Department”, with an emphasis on reducing federal programs and regulations. Modi’s discussion with the richest person in the world is expected to focus on AI politics, Starlink’s expansion in India and Teslin The ability to open the plant in the country, the government official said.
The White House spokesman did not respond to the request of the CNBC for comment.
On technology, fashion and his team will also enhance his interest in buying graphic units to process high performance (GPU) from the US and to avoid any upcoming export control from Trump administration. In a recent trip to Mumbai, Nvidia Executive director Jensen Huang expressed interest in partnership with Indian Reliance industries In order to add efforts to AI in the country.
It will not be the first meeting between the Indian leader and the musk.
Just before Modi’s state visit to Washington 2023, Musk met with a fashion in New York to Discuss a decrease in the duty of imports of electric vehicles In India and other ways, Tesla’s spread to India could become reality.
Tesla did not publicly share a plan to build a factory in India, and instead focused on China. But India has become a major growth market for US technology.
Apple,, Target,, Microsoft,, Google and Amazon They pledged billions of dollars of investments in India growth and exploited the middle class in the country.
According to analysts estimates, Apple now produces 10% to 15% of its iPhones in India, and executive director and executive director Tim Cook He suggested that the company wants to move more potentially there. Apple also opened several retail stores in India in 2023.
For fashion, the journey represents an opportunity for an urgent incentive for the private sector of his company. AND MSCI India Fund that is traded on the stock market This year it fell 5% and more than 15% from the end of September. Meanwhile, Chinese shares gather that investors on the market are betting on the progress in AI in the country, especially after the recent reports on the power and efficiency of the Deepseek model. Ishares MSCI China Etf is on an increase in 11% in 2025.