Trump Signals Tit-For-Tat Duties To Punish PM Modi's Move

Trump Signals Tit-For-Tat Duties To Punish PM Modi's Move


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Trump Signals Tit-For-Tat Duties To Punish PM Modi's Move

All India  © 2018 Bloomberg L.P

As he prepares to seek re-election next year, PM Modi has been ensnared by a global wave of protectionism that could threaten the foreign direct investments India needs to achieve double-digit growth. He has made it more expensive to import parts for automobiles, cameras, televisions, electricity meters and smartphones, risking trade disputes from allies like the U.S. and Germany to rivals like China.

Trump Signals Tit-For-Tat Duties To Punish PM Modi's Move

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