Bloomberg Daybreak: Asia Edition Trump: India Trade Deal Close, Asia Stocks Advance on US Government Shutdown Hopes
Nov 11, 2025
Kurt Campbell, co-founder of The Asia Group and former U.S. deputy assistant secretary of state, discusses the potential thaw in U.S.-India trade relations, revealing that negotiators are close to a substantial deal. Chuck Cumello, President of Essex Financial, provides insights into the recent stock rally driven by optimism surrounding the U.S. government shutdown and the resurgence of tech stocks. They explore macroeconomic implications, the balancing act of U.S. diplomacy in South Asia, and investment strategies in a changing financial landscape.
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US-India Trade Deal Nearing Completion
- Kurt Campbell says negotiators have largely hammered out a substantial US-India trade deal reducing tariffs significantly.
- The pact would open Indian markets to US tech and manufacturing, improving strategic ties.
India Remains Central To US Strategy
- Campbell stresses that almost all US strategic interests lie with India despite engagements with Pakistan.
- He warns that nurturing Pakistan risks alienating India and complicates regional strategy.
China's Swift, Strategic Countermoves
- Campbell says China now responds immediately and strategically to US moves across tariffs and sanctions.
- He notes China is on a charm offensive, rebuilding ties with regional partners after earlier alienation.