Apple's reported decision to increase production of iPhones in India to export to the US is an example of how the country is well placed to benefit from the escalating trade war. But at the same time, the unpredictability of US trade policy is expediting a push to reduce dependence on US demand. Finance Minister Nirmala Sitharaman stressed the importance of strengthening bilateral trade ties with other countries in a talk that we attended this week during her visit to the UK.
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