When Donald Trump took goal at Apple for increasing manufacturing in India, calling as a substitute for manufacturing at dwelling, Deepak Shenoy, CEO of Capitalmind AMC, discovered widespread trigger. However his settlement got here with a twist — a name for India to undertake the identical playbook.
In a put up on X (formally Twitter), Shenoy questioned the backlash to Trump’s feedback, asking, “Why are all of us antsy about Trump telling Tim Cook dinner to not construct in India however to construct within the US?” He then pointed inward, urging Indian policymakers to push home corporations towards native manufacturing as nicely.
“That is precisely what India must be telling its personal producers too — construct right here, not in China,” Shenoy wrote. “Each nation’s chief desires jobs for their very own folks.”
The remarks adopted a pointed assertion from former US President Donald Trump at a enterprise occasion in Doha, the place he criticised Apple CEO Tim Cook dinner for increasing operations in India. “I mentioned to him, my pal, I’m treating you superb. You might be arising with $500 billion, however now I hear you might be constructing throughout India. I do not need you constructing in India,” Trump mentioned. “You may construct in India, if you wish to deal with India as a result of India is among the highest tariff nations on this planet.”
Regardless of the criticism, Trump hinted at a shift in commerce dynamics, claiming India had supplied a deal that may carry “principally zero tariffs” on a variety of American items. “India supplied US a deal, principally zero tariffs,” he mentioned, suggesting progress in commerce talks throughout his West Asia tour.
Nonetheless, Indian officers struck a extra cautious tone. Talking on Could 15, Exterior Affairs Minister S Jaishankar clarified that negotiations have been ongoing and no settlement had been finalized. “Between India and the US, commerce talks have been happening. These are difficult negotiations. Nothing is determined until every part is,” Jaishankar mentioned. “Any commerce deal needs to be mutually helpful; it has to work for each nations.”
