New Delhi, May 12 -- As the US and China agreed to reduce tariffs on each other's goods, India can use this as leverage to strengthen exports in sectors that remain relatively insulated from US-China trade, SC Ralhan, President of the Federation of Indian Export Organisations (FIEO), said.

According to Ralhan, India could focus on Active Pharmaceutical Ingredients (APIs), gems and jewellery, engineering goods, organic chemicals, and IT-enabled services.

The Federation of Indian Export Organisations (FIEO) said it closely monitors global trade developments that affect Indian trade interests.

The US and China have arrived at an agreement that they will withdraw their previously announced reciprocal tariffs and counter tariffs for an init...