The USA has removed tariffs on the import of smartphones and computers, which has led to a good rally in the Indian market. However, at the same time, the USA also mentioned yesterday that they will soon implement tariffs on pharmaceuticals as well,
The more trade tension there is between the USA and China, the more it is benefiting Indian exporters. The USA has imposed tariffs of over 200% on China. Apple and some other American companies are now sourcing a lot of goods from India for their own