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FT News Briefing

Biden courts India at G20

Sep 8, 2023
09:40
Snipd AI
India hosts G20 summit, Biden strengthens ties with India, UK pushes to postpone tariffs on EV sales, Huawei's resurgence despite US sanctions, US interest in Chinese companies, impact on Apple
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Podcast summary created with Snipd AI

Quick takeaways

  • US President Joe Biden aims to strengthen ties with India and offer a Western economic model as an alternative to China's influence in lending programs to low- and middle-income countries.
  • Germany's support for a three-year delay in implementing tariffs on electric vehicle sales between the UK and EU is in favor of the UK and could help European carmakers compete with Chinese electric vehicle manufacturers.

Deep dives

Opportunity for US President Joe Biden in the G20 Summit

US President Joe Biden sees an opportunity in the absence of Chinese President Xi Jinping and Russian President Vladimir Putin at the G20 Summit in India. Biden aims to improve relationships with low- and middle-income countries and strengthen ties with India. His goal is to offer a new economic vision for the world and present a Western economic model as an alternative to China's influence in lending programs to low- and middle-income countries.

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