For a larger apple pie: Tariff shift gives India a fleeting opening

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For a larger apple pie: Tariff shift gives India a fleeting opening - Business Standard

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The surprise step back by the Donald Trump administration late Friday evening could provide an edge to India vis-a-vis China, analysts believe.

Addressing American consumers’ fears of price rise and also supporting tech giants, the US Customs and Border Protection exempted smartphones, laptops and other electronic items from reciprocal tariffs—a move that is being seen especially beneficial for the Cupertino-headquartered company which contract manufactures iPhones in China, India and a bit in Brazil.