Swaminathan Aiyar observes that unlike Vietnam, India has blocked direct Chinese investment, reducing vulnerability to Trump’s tariff claims. However, Aiyar cautions that India’s low value addition in electronics—especially in Apple’s supply chain—may attract scrutiny. Still, Aiyar believes India holds a crucial advantage: its growing U.S. oil and gas imports can help reduce the trade deficit. This, he says, gives India unique leverage that few other countries can match in negotiations.