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India's Modi Hosts Germany's Merz as Trump Threatens Iran | The Pulse 1/12/2026

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January 12, 2026

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German Chancellor Friedrich Merz said the world should brace for more uncertainty with the return of global power politics, urging closer economic and security ties with countries like India to counter the instability.

Merz met with Prime Minister Narendra Modi on Monday in his first trip to Asia since taking office in May, calling on New Delhi to “urgently conclude” trade talks with the European Union and strengthen supply chains that have been disrupted over the past year. The two sides signed about 10 agreements spanning areas from critical minerals to traditional medicines.

The meeting between the two leaders was an opportunity to showcase stronger economic and security ties amid strained relations with the US under Donald Trump. The US President’s repeated threats to annex Greenland have shocked European allies, while India remains saddled with one of the highest US tariff rates of 50%.

Today's guests: Bhanu Baweja, UBS Investment Bank Chief Strategist; Rachel Ellehuus, RUSI Director-General; Nadia Martin Wiggen, Svelland Capital Director.

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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.

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German Chancellor Friedrich MerzPrime Minister Narendra ModiNew DelhiEuropean UnionThe PulseFrancine LacquaUK GermanySell America

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