A.M. Edition for April 22. The U.S. and India agree to broad terms to negotiate a potential trade deal. WSJ’s South Asia bureau chief Tripti Lahiri says India, a country that has long frustrated foreign companies with red tape, now sees an opening to capture American investment from China. Meanwhile, Washington targets Chinese solar-product manufacturers in Southeast Asia with steep tariffs. And Harvard sues the Trump administration in an escalating battle over its funding. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
What opportunity does India see in the U.S.-China trade war?
And here, if you have these double-digit tariffs on a whole range of Chinese goods, that India kind of feels like it's going to be much cheaper to buy from us. It isn't just that U.S.
tariffs are giving India an opportunity with China, but they're giving India an opportunity with those economies that had taken some of the China manufacturing in recent years, basically since Trump 1.0, when there was the first set of the tariffs.
OK, so maybe an opportunity here for India to siphon away business from China, but maybe also from other regional economies, many of which are targeted with much higher reciprocal tariff rates than India.
Yeah, that's definitely true. What we've seen in the last few years is that a lot of manufacturing went to Southeast Asian countries like Vietnam. And it seemed like maybe India didn't take as much of that manufacturing from China as it could have.
And here's kind of a chance for like a reset, a second opportunity to get some of that manufacturing, if it can really signal that we're really ready to make things really very attractive for businesses to be here now. And certainly Trump is helping with that as well.
Tripti Lahiri is The Wall Street Journal's South Asia Bureau Chief. Tripti, thank you so much for the update.
Thank you so much for having me.
And that's it for What's News for this Tuesday morning. Today's show was produced by Daniel Bach and Kate Bullivant. Our supervising producer was Christina Rocca. And I'm Luke Vargas for The Wall Street Journal. We will be back tonight with a new show. Until then, thanks for listening.
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