"It is a good gesture between India and the US. The Commerce Ministry had been working to get the tariff reduced. This will ease out any apprehensions," he told ANI.
The President of the US-India Business Council (USIBC) at the US Chamber of Commerce, Atul Keshap, has welcomed the recently announced India-US trade deal, in which Washington reduced the tariff on Indian goods to 18 per cent, saying that the agreement sends a "very positive psychological
Former Indian diplomats on Tuesday welcomed the India-US trade agreement, calling it a positive and evolving step that would boost bilateral trade, business confidence and people-to-people benefits between the two countries.
White House Press Secretary Karoline Leavitt on Tuesday (local time) claimed that India has committed to ending its purchases of Russian oil and will instead source crude from the United States, potentially from Venezuela under the newly announced trade agreement between the two countries
The India-US trade agreement has triggered an intense political debate, with the Centre projecting it as a landmark, future-defining deal that will accelerate India's growth trajectory, while opposition parties have raised sharp questions about transparency, national interests, and the im
Speaking to ANI, the Rajya Sabha MP said, "I think it is a historic deal. Full credit goes to the Prime Minister, who has waited patiently to ensure the best conditions were in place to finalise the deal. It is also attributable to the strong personal chemistry he has with President Trump
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.
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.