Equities

Reuters reveals India to woo foreign firms like Apple to capitalize on U.S.-China trade war

Reuters reveals India to woo foreign firms like Apple to capitalize on U.S.-China trade war

Reuters reported exclusively that India will try to persuade several global companies to shift operations out of trade war-hit China, including Apple, Foxconn and Wistron Corp. The dispute between the United States and China, the world’s two largest economies, has led to higher tariffs on goods worth billions of dollars and disrupted global supply chains, prompting companies to look at other investment avenues to escape higher tariffs.