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Blackstone backs Trump's tariff move, says it will boost US manufacturing
VCCircle
·
4m ago
Medial
Blackstone CEO Stephen Schwarzman supports U.S. President Trump's tariffs, predicting they will enhance American manufacturing and stimulate economic growth. While Trump's tariff policies worry investors globally, Schwarzman, speaking in Mumbai, expects positive outcomes from U.S.-India tariff negotiations after Trump and Modi's meeting. Blackstone aims to double its assets in India, focusing on infrastructure, as it continues significant investments in real estate, healthcare, and technology sectors within the country.
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ASM International says it started manufacturing tools in the US
Economic Times
·
3m ago
Medial
ASM International, a Dutch chip-making equipment provider, has begun manufacturing tools in the US to address tariff concerns, according to CEO Hichem M'Saad. This move follows their recent quarterly earnings report. The company has a significant US presence, with 21% of its revenue coming from the region last year. M'Saad highlighted their global infrastructure, enabling manufacturing in key locations like Phoenix, Arizona, to support American chipmakers effectively.
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What Trump's Apple threat means for India's tariff negotiations
Economic Times
·
2m ago
Medial
President Trump's tariff changes have impacted India's trade negotiations with the U.S. Despite facing a 26% tariff, India initially saw an opportunity due to higher tariffs on China and other Asian countries. However, Trump's evolving tactics, especially regarding Apple's manufacturing shift to India, have complicated matters. Trump's suggestion for Apple to produce in the U.S. adds uncertainty, yet Indian officials believe this may be a bargaining tactic rather than a definitive threat to their growing manufacturing edge.
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US tariff to hit iPhone production expansion, electronics exports
Economic Times
·
9d ago
Medial
US President Donald Trump's 25% tariff on Indian imports may hinder Apple's iPhone production expansion and electronics exports. The tariff, alongside Chinese restrictions on critical components, poses a challenge for India's electronics manufacturing sector, potentially impacting exports and increasing production costs. While Apple plans to grow its iPhone production in India, meeting US demand requires significant expansion. Experts emphasize the need for India to reduce dependencies and diversify its electronics export markets.
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Trump threatens 25% tariffs on iPhones made outside the US | TechCrunch
TechCrunch
·
2m ago
Medial
President Trump threatened Apple with a 25% tariff on iPhones unless it moves production to the U.S. He expressed this demand on Truth Social, highlighting Apple's efforts to shift manufacturing to India amidst the U.S.-China trade war. Trump's remarks follow Foxconn's $1.5 billion investment in India. Tim Cook indicated many iPhones sold in the U.S. will originate from India. Trump has also pressured Walmart regarding tariff costs.
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Apple plans to invest another $100 billion in US manufacturing amid tariff pressure - The Economic Times
Economic Times
·
2d ago
Medial
Apple plans to invest $100 billion in US manufacturing amid tariff pressure from the Trump administration. President Trump, advocating for US production, is expected to announce this initiative with Apple CEO Tim Cook. This move follows Apple's $500 billion investment plan to bolster its AI infrastructure and mitigate tariff impacts. A new factory in Texas and a manufacturing academy in Detroit are part of the strategy to foster AI-driven production techniques within the US.
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Feels like we're subjects of US empire: Kamath on Trump's tariffs
Inshorts
·
6m ago
Medial
Nithin Kamath said US President Donald Trump's tariff policies and statements about other countries make it feel like all are "subjects of the 'US empire'". "Will the stance of 'America first' backfire?" asked Kamath. "In such a globalised and interconnected world, how can you increase tariffs, which will inflict collateral damage, and still hold on to power?" he further questioned.
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High US tariff comes 'shocking'; to hit India's shrimp exports: Agri-economist Ashok Gulati
Economic Times
·
9d ago
Medial
India's shrimp exports are expected to be significantly affected by a new US tariff of 25%, which includes penalties starting August 1, according to agri-economist Ashok Gulati. Trump's unexpected decision is seen as punitive and will likely benefit Equador, which faces lower tariffs. India's shrimp exports, a vital component of its seafood sector, have a significant market in the US, making this tariff particularly impactful. The tariff also influences Indian textile exports to the US.
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Trump win may deliver better prospects for Indian manufacturers, exporters, say analysts
Money Control
·
9m ago
Medial
Experts believe that the re-election of Donald Trump as President of the United States could present several opportunities for Indian companies in manufacturing and exports. Trump's historically protectionist policies, focused on "America First," have the potential to benefit Indian businesses indirectly due to enhanced tariff restrictions on China and disruptions in global supply chains. This could lead multinational companies to shift their manufacturing base from China to India, boosting demand for Indian goods and creating specific export opportunities. Trump's tax reforms and pro-business policies may also encourage US companies to invest in Indian manufacturing sectors.
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Taiwan's Foxconn says global manufacturing footprint to shield it from Trump's tariffs
Economic Times
·
8m ago
Medial
Taiwan's Foxconn, the world's largest contract electronics maker and a key supplier to Apple, believes it will be less impacted by new tariffs imposed by US President-elect Donald Trump compared to its competitors. Foxconn's global manufacturing footprint allows it to shift production locations, minimizing the impact of tariffs. While its facilities in China may face challenges, the company has been investing in other countries such as the United States, Mexico, and Vietnam to diversify its supply chain. Foxconn plans to reveal more details about its US expansion plans once Trump's policies become clearer.
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Congress Passes GENIUS Act in Major Win for US Crypto Industry
Wired
·
22d ago
Medial
The US House of Representatives has approved the GENIUS Act, marking a significant move towards cryptocurrency regulation in the US. The act, which awaits President Trump's approval, establishes rules for stablecoin issuers, mandating collateralization with low-risk assets and anti-money laundering controls. While advocates hail it as protective for consumers, critics argue it insufficiently addresses potential fraud and Trump’s own crypto interests. The act is expected to boost the stablecoin market significantly.
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