Bharat got deal liao. Epal moving over. Most likely orange man will announce in the next few days.

foxcon factory is already in india lah lol

I think it’s either:
1) the importers got some assurance from Trump that their tariff will go down upon goods arrival; or
2) the importers are playing chicken game with Trump. If by the time shelves empty and goods stuck at port due to exorbitant tariff, massive protest or even riot may happen, Trump may be toppled.

Expect India to strike first trade pact: US Treasury Secy Scott Bessent
https://www.rediff.com/money/report/expect-...nt/20250425.htm

Once reach this stage, it is basically settled liao, waiting for orange man to announce only. Most likely within the next few days because his 100 days celebration is on Wednesday and he needs a win somewhere.

“India also has fewer non-tariff trade barriers, obviously, no currency manipulation, very, very little government subsidies, so that reaching a deal with the Indians is much easier,” Bessent said at the Washington DC event on the sidelines of the annual World Bank and International Monetary Fund meetings.



India to scrap US$23b manufacturing scheme as red tape, missed targets stall progress
https://www.malaymail.com/news/money/2025/0...google_vignette

Instead, many firms that participated in the programme failed to kickstart production, while others that met manufacturing targets found India slow to pay out subsidies, according to government documents and correspondence seen by Reuters. As of October 2024, participating firms had produced US$151.93 billion worth of goods under the programme, or 37 per cent of the target that Delhi had set, according to an undated analysis of the programme compiled by the commerce ministry. India had issued just US$1.73 billion in incentives — or under 8 per cent of the allocated funds, the document said.

This post has been edited by desmond2020: Apr 28 2025, 08:48 AM

I have said this before, this is a very good move by India. Even before the deal is announced, the fact that Vance visited India should net Modi some serious political points.

There are still risks, the biggest being orange man himself. But no risk, no gain, I guess. If no risk, everyone else would have rushed in by now.

On India's side, there are still many problems, many already mentioned by LKY and still existing today. Whether they make it or not, remains to be seen. But for now, props to India, they saw an opportunity and they struck while the iron is hot.

only walmart and other big co. can lobby trump for exemptions to tarriffs. meanwhile tariff is still going on, smalltime business owner and SME will still kena kaw kaw

china sudah menang

buy from other country please, not enough goods