Amazon.com (AMZN) and Walmart (WMT) could benefit from full access to India's e-commerce market if the Trump administration is able to reach a trade agreement with Prime Minister Narendra Modi, the Financial Times reported Tuesday, citing industry executives, lobbyists, and US officials.
The report said that the US plans to push for a level playing field on e-commerce as part of wider talks with India. The Asian country currently allows US e-commerce companies to operate in India solely as online marketplaces for third-party sellers, according to the report.
India faces a 26% tariff on exports to the US if an agreement is not reached within a 90-day pause that President Trump has enacted.
Amazon and Walmart did not immediately reply to MT Newswires' request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.