Stephen Schwarzman, CEO of Blackstone, observed potential benefits from Trump tariffs, projecting increased US manufacturing and global consumption. He noted India’s advantageous trade position and Blackstone’s plans to elevate its investments in the country. Schwartzman expressed optimism about India’s stable growth trajectory amidst market fluctuations.

Stephen Schwarzman, CEO of Blackstone, expressed optimism regarding the potential positive effects of the Trump tariffs on US manufacturing activity. He noted that while it remains early to assess the full impact, an expansion of the US economy could lead to increased global consumption and benefits. Schwarzman emphasized that the US intends to negotiate individual tariff agreements with key countries, focusing on product quality and costs instead of artificial trade barriers.

Regarding India’s involvement in trade negotiations, Schwarzman highlighted the country’s advantageous position, noting that few nations have received equivalent treatment. He expressed confidence in the smooth progression of negotiations, particularly since other countries exhibit larger trade imbalances. He also referenced a successful meeting between Prime Minister Narendra Modi and the US President, which resulted in an agreement toward a trade deal.

Blackstone, currently the largest foreign company and real estate owner in India, has ambitious plans to increase its exposure in the country from $50 billion to $100 billion. Schwarzman pointed out that greater infrastructure investment and improved project implementation are necessary. He acknowledged challenges stemming from coordination between central and state governments and noted the need for a more transparent tax system to facilitate investment.

After visiting India just before the pandemic, Schwarzman characterized the nation as a land of “tremendous opportunity.” He revealed plans for Blackstone to expand its focus into credit and infrastructure, which are vital sectors for global business. He stressed the strength of India’s economic trajectory, which faces manageable challenges compared to other markets, emphasizing that the country does not suffer from severe debt issues or real estate crises.

Despite recent fluctuations in the market, Schwarzman maintains a positive outlook on India’s economic growth. While some analysts believe the market may have been overvalued leading to a necessary correction, he highlighted India’s consistently high growth rates and saw no imminent threats to its economic momentum.

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In summary, Stephen Schwarzman, CEO of Blackstone, conveyed a positive perspective on the implications of Trump’s tariffs, forecasting benefits for US manufacturing and global trade agreements. He underscored India’s favorable standing in negotiations and Blackstone’s strategic expansion plans within the country. The CEO characterized India as a market ripe with opportunity, emphasizing its strong economic trajectory despite recent market corrections.

Original Source: m.economictimes.com

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