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Asia manufacturing shows resilience amid trade turmoil—India surges, China slows

Livemint

Livemint · 24d ago

Asia manufacturing shows resilience amid trade turmoil—India surges, China slows

In July, Asia's manufacturing sector showed mixed results amid global trade tensions. India and Vietnam reported gains in manufacturing activity, while China's factory momentum weakened. Southeast Asia, however, faced challenges due to weak external demand and uncertainties in global supply chains. The S&P Global ASEAN Manufacturing Purchasing Managers’ Index climbed to 50.1, slightly indicating growth. Despite these challenges, some markets demonstrated resilience in a turbulent trade environment.

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Asia hedge funds add Japan, India after tariff shock, says Morgan Stanley

VCCircle

VCCircle · 4m ago

Asia hedge funds add Japan, India after tariff shock, says Morgan Stanley

Following the U.S. tariff imposition by President Trump, Asian hedge funds increased investments in Japan and India due to their resilience during market turmoil, reports Morgan Stanley. Japan's Nikkei 225 recovered from initial losses, and Indian stocks rose over 3% in April. Investors are hopeful for favorable U.S. trade negotiations. Funds also bought shares in Taiwan for short cover, while selling off in Australia, China, and Chinese consumer discretionary stocks amid ongoing trade tensions.

EU eyes deeper trade ties with India, Asia-Pacific amid looming US tariffs

Economic Times

Economic Times · 1m ago

EU eyes deeper trade ties with India, Asia-Pacific amid looming US tariffs

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'If the chart still looks this...': Sanjeev Sanyal shares 'simple measure of President Trump's success'

Business Today

Business Today · 4m ago

'If the chart still looks this...': Sanjeev Sanyal shares 'simple measure of President Trump's success'

Economist Sanjeev Sanyal highlights China's dominance on Amazon, with 71% of suppliers sourcing from there, compared to 30% from the US and 14% from India. Amid rising tariffs and disrupted supply chains under Trump's administration, China's vast export engine is showing signs of strain. Although China is the leading global exporter, experts predict US-China trade could plummet by 75%, forcing China to shift its trade focus to Southeast Asia, Africa, and India.

Trump slams the door–Don’t give in, chart a new trade path, say experts

Livemint

Livemint · 27d ago

Trump slams the door–Don’t give in, chart a new trade path, say experts

India should focus on expanding manufacturing capabilities with a “US-plus” export strategy, targeting Europe and Asia amid US tariffs and penalties affecting trade with Russia. Experts suggest India needs to elevate industrial security to match its priorities in food and energy security. The 'Make in India' initiative remains vital, but should pivot towards innovation-led industrial development to adapt to the current trade climate.

China to Hold South Asia Expo from June 19 in Kunming

OutlookIndia

OutlookIndia · 2m ago

China to Hold South Asia Expo from June 19 in Kunming

Kunming, China will host the 9th China-South Asia Expo from June 19 to 24, featuring 11 themed halls across sectors like advanced manufacturing and clean energy. With India and Pakistan having significant participation, the expo will host 1,400 enterprises from 54 countries and expects nearly 1,000 buyers. The event provides a platform for South Asian products, with special country themes and significant emphasis on India-China trade connections.

MeitY wants tariff shield for electronics exports - The Economic Times

Economic Times

Economic Times · 1m ago

MeitY wants tariff shield for electronics exports - The Economic Times

India is seeking a tariff shield for its electronics exports, primarily reliant on the US market, to avoid being grouped with major exporters like China. The Ministry of Electronics and Information Technology (MeitY) has urged the Commerce Department to advocate for more favorable tariffs amid ongoing US-India trade discussions. India aims to enhance its burgeoning electronics sector under government support, overcoming potential tariff barriers that may arise from US trade policies targeting exports from Asia.

Amid US tariff heat, China opens door to more premium Indian exports, says Chinese envoy

Business Today

Business Today · 4m ago

Amid US tariff heat, China opens door to more premium Indian exports, says Chinese envoy

Amid rising US-China trade tensions, China expressed interest in stronger economic ties with India. Chinese ambassador Xu Feihong emphasized China's openness to premium Indian exports and commitment to aiding Indian businesses in accessing its large consumer market. He highlighted mutual benefit and win-win cooperation as core principles of China-India trade relations, stating that China's trade surpluses are market-driven and adapt to evolving economic conditions.

India to come out stronger rather than weaker in current trade challenges, says Arvind Panagariya

Business Today

Business Today · 3m ago

India to come out stronger rather than weaker in current trade challenges, says Arvind Panagariya

Arvind Panagariya, Chairman of the 16th Finance Commission, is optimistic about India's future amid trade challenges. He believes trade agreements with the US and EU will position India advantageously in a 'China Plus One' scenario. With US-China tensions likely to continue, Panagariya foresees India benefiting from successful free trade negotiations with the US, EU, and UK by the year's end, enhancing India's global trade influence and economic prospects.

New Tata plant starts iPhone production, Foxconn close behind as Apple looks to India, sources say

Economic Times

Economic Times · 4m ago

New Tata plant starts iPhone production, Foxconn close behind as Apple looks to India, sources say

A new Tata Electronics plant in southern India has begun producing older iPhone models, while a Foxconn facility in Bengaluru is set to start operations soon. Apple is shifting production to India amid trade tensions with China. The move aims to diversify manufacturing and counter potential U.S. tariffs. India's iPhone production is projected to increase, with the new plants expected to create significant employment and contribute to Apple's supply chain stability.

ETtech Explainer: Inside India's iPhone dreams — The story so far

Economic Times

Economic Times · 3m ago

ETtech Explainer: Inside India's iPhone dreams — The story so far

Apple is pivoting iPhone production towards India amidst U.S.-China trade tensions and tariffs, which complicate plans to move manufacturing from China. Although Foxconn and Tata Electronics are expanding in India under the PLI scheme, China still dominates Apple's production. The U.S. push for domestic production faces cost issues, with American-assembled iPhones being significantly more expensive. Apple's shift to India is contingent on evolving trade agreements and navigating delays from China regarding production equipment.

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