Prime Minister Narendra Modi and Chinese President Xi Jinping have decided to issue “strategic guidance” to their militaries to strengthen communications and to build trust and understanding.
The PLA would be smarting at how they were forced to backtrack from their strident public posture during Doklam and may now step up their provocative actions along the LAC.
Past FTAs failed to yield much benefit because they exposed domestic industries to global competition without strengthening the manufacturing ecosystem.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
PTC Industries is investing Rs 1,000 cr in 4 manufacturing plants in UP, has already started supplying titanium parts to BAE Systems for its M-777 howitzers that India also uses.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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