India is set to be the notable beneficiary of the ongoing US-China trade dispute, potentially gaining $11bn. Statistics from UN indicate the proposed US tariffs on Chinese imports will see India’s exports increase by $8.3bn. China’s tariffs on the US will result in a $2.65bn gain for the country. Communications and office equipment will be the sectors benefiting most from the former, securing India $2.44bn. Chemicals and plastics will be the industries notably profiting from the latter tariffs, gaining $1bn.
India is set to be the notable beneficiary of the ongoing US-China trade dispute, potentially gaining $11bn. Statistics from the UN Conference on Trade and Development indicate the proposed US tariffs on Chinese imports will see India’s exports increase by $8.3bn. China’s tariffs on the US will result in a $2.65bn gain for the country. Communications and office equipment will be the sectors benefiting most from the former, securing India $2.44bn. Chemicals and plastics will be the industries notably profiting from the latter tariffs, gaining $1bn.