by Martin Armstrong
Armstrong Economics
ASIA:
The Trump administration is looking to make progress in phase two trade talks with China, according to a statement made today by White House trade adviser Peter Navarro. The US wants to work on preventing China from subsidizing its state-owned enterprises. “It’s just insane that Chinese government officials continue to hack into American businesses and steal trade secrets,” he stated. “It’s very destructive to our businesses.”
Amazon’s founder Jeff Bezos has pledged to invest $1 billion in small businesses in India, despite a backlash against the online retailer by the country’s local traders. During a three-day visit to India, where Amazon has its sights set on dominating the burgeoning e-commerce market, Bezos laid out his ambitious plans for Amazon’s investment in India over the next five years, including helping to digitize millions of small businesses.