Transfin.

US President Donald Trump Says He Could Seal A Trade Deal with India on His Next Visit

US President Donald Trump on Tuesday said that he would sign a trade agreement with India during his visit only if it was the “right deal”. 

 

GLOBAL

Donald Trump’s trip to India could help seal a trade deal.

 A Suitable Deal

US President Donald Trump on Tuesday said that he would sign a trade agreement with India during his visit only if it was the “right deal”

 

Previously

Despite multiple attempts, the two countries’ trade teams have struggled to see eye to eye with countless meetings in Washington, Delhi and New York held over the last 18 months yielding no results.

 

Defense, energy, medical devices and agriculture are among the items said to be on the table, according to Eurasia analyst Akhil Bery. [CNBC]

 

Meanwhile

India has been classified as a developed economy, the United States Trade Representative has said. This is expected to stop all chances of India reclaiming its benefits under the Generalised System of Preferences (GSP) scheme, the privileges under which were revoked in June. 

 

Extra Crunch

As per a WSJ report, Amazon CEO Jeff Bezos has purchased the Warner Estate from media mogul David Geffen for $165m - the largest amount paid for a single-family Los Angeles-area home. 

 

FYI

$165m is an eighth of a percent of Bezos’ $131.9bn net worth. [The Guardian]

FIN.

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