India has agreed to eliminate tariffs on industrial goods under the trade agreement with the United States, cutting average duties to zero from the current 13.5%, US Trade Representative Jamieson Greer has said, according to CNBC.
"India's agricultural sensitivities have been fully protected" in the India-US trade deal, which will reduce American tariffs on Indian goods to 18%, a senior government official told ANI on Tuesday.
Speaking to the media here on Tuesday, Pilot said, "Why does the US make announcements regarding trade deals between India and the US? What is the need to celebrate if the tariffs have been reduced to 18 per cent? It seems that the agreement was made under pressure from the US."
Arvind Virmani, Member, NITI Aayog, on Tuesday highlighted that the India-US trade deal is essential for "competitive integration," fostering exports and investment, rather than isolationism.
Union Commerce Minister Piyush Goyal on Tuesday said the India-US trade deal is an agreement that every Indian can be proud of and it is under the final stages of detailing between the negotiating teams of the two countries.
The deal involves reducing reciprocal tariffs from 25% to 18% and eliminating the additional 25% duty on Russian oil imports into India. India has also agreed to increase imports from the US by $500 billion, covering sectors like energy, technology, agriculture, and defence.
Commerce and Industry Minister Piyush Goyal on Tuesday said that the sensitive sectors of India's economy, particularly agriculture and dairy, have been protected in the India-US trade deal.
Speaking to ANI outside Parliament, Hibi Eden said eight Congress MPs have been suspended, but the party will continue its protest both inside and outside Parliament.
Commerce and Industry Minister Piyush Goyal on Tuesday said that the India-US Trade Agreement brings tremendous opportunity to people of the country and that is the best deal India has received compared to all its neighbours.
The reduction in the US import duties, along with forthcoming duty-free trade agreements with the United Kingdom and European countries, will drive remarkable growth in the Indian textile industry. As a result, employment opportunities in the textile sector will multiply significantly.
New Delhi [India], February 3: Marking a dominant start to its grand 30th anniversary year celebrations in 2026, India's No.1 tractor export brand Sonalika Tractors has clocked its fastest ever YTD overall sales of 1,51,604 tractors during Apr'25-Jan'26. Driven by heavy-duty tractors equippe
Devi was encouraged by the Agriculture Department to start the Millet Restaurant under the Holistic Agriculture Development Program (HADP) with a 50 per cent subsidy. With the support of her family, she has been receiving a positive response to the Millet restaurant, which opened a year a