US tariffs on Chinese goods could create new opportunities for Indian exporters, particularly in electronics, textiles, and engineering goods, where Indian businesses may remain competitive even after reciprocal tariffs, according to a PwC report. In the booming smartphone export sector, even if Indian smartphone imports into the US attract a 15% duty, they would still remain competitive against Chinese smartphones, which face a blanket 20% tariff under the International Emergency Economic Powers Act (IEEPA), the report stated.