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India’s Modi meets Trump, Musk as trade tensions | Real Time Headlines

Indian Prime Minister Narendra Modi and Brunei Sultan Hassan Al Brunei on September 4, 2024 Sultan Hassanal Bolkiah) made a speech before the meeting.

Dean Kassim | AFP | Getty Images

Prime Minister of India Narendra Modi Go to Washington, DC with President Donald Trump and his government members, including Elon MuskCNBC confirmed that to discuss topics such as efforts to avoid trade wars and artificial intelligence policies.

According to sources familiar with the upcoming talks, Modi will discuss the country’s growing trade deficit at a meeting with President Trump on Thursday and provide a menu of trade offers, including some related to agriculture and medical equipment, according to sources familiar with the upcoming talks. Trade offers. Authorized to speak on this matter.

Modi and his team will also say India’s intention is to buy more liquefied natural gas from the United States, a deal that could involve Cheniere Energy. India has purchased one-fifth of LNG from the United States and is one of the largest importers in the world.

A senior official from Modi’s government told CNBC that India is ready to go from StrykerAnd find other ways to cooperate with Washington in military exercises in the Indian Ocean, China remains a threat.

While in Washington, Modi will spend time with Treasury Secretary Scott Bessent and Secretary of State Marco Rubio and Trump’s nominee Howard Lutnick, To operate the Ministry of Commerce.

Modi will also have a one-on-one meeting with Musk, who oversees the “Ministry of Government Efficiency” with a focus on cutting federal plans and regulations. Modi’s discussion with the rich in the world is expected to focus on AI policy, Starlink expands to India and Tesla’s Government officials said it was possible to open factories in the country.

A White House spokesman did not respond to CNBC’s request for comment.

Regarding technology, Modi and his team will also strengthen their interest in purchasing high-performance graphics processing units (GPUs) from the United States and avoid any upcoming export controls the Trump administration has taken. On a recent trip to Mumbai Nvidia CEO Jensen Huang versus cooperate With India Faith industry Further promote the country’s AI efforts.

This will not be the first meeting between Indian leaders and Musk.

Musk meets Modi in New York just ahead of Modi’s state visit to Washington in 2023 Discussing cutting tariffs on electric vehicles In India and other ways, Tesla’s expansion into India may become a reality.

Tesla has not publicly shared plans to build a factory in India, but continues to focus on China. But India has become a major growth market for American technology.

apple,,,,, Yuan,,,,, Microsoft,,,,, Google and Amazon Has promised to invest billions of dollars in India’s growth and capitalize on the country’s emerging middle class.

According to analyst estimates, Apple now produces 10 to 15% of iPhones in India, CEO Tim Cook The company is looking to potentially move more production there. Apple also opened several retail stores in India in 2023.

For Modi, the trip represents an opportunity for much-needed student aid institutions. this MSCI India Exchange Trading Fund Since late September, it has fallen 5% this year, more than 15%. Meanwhile, Chinese stocks have been rallying as emerging market investors bet on advances in AI in the country, especially after recent reports on the functionality and efficiency of the DeepSeek model. iShares MSCI China ETF Increased 11% in 2025.

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