Congress MP Manish Tewari on Saturday said that if India has decided to reduce tariff under the pressure of US then it is "unfortunate" and "does not make for good trade policy."
Speaking from the White House, Trump stated, "India charges us massive tariffs. Massive. You can't even sell anything in India...They have agreed, by the way; they want to cut their tariffs way down now because somebody is finally exposing them for what they have done."
In a weekly briefing, MEA spokesperson Randhir Jaiswal said that the agreement aims to strengthen and deepen India-US two-way trade in goods and services, increase market access, and reduce tariff and non-tariff barriers.
US Commerce Secretary Howard Lutnick on Friday expressed optimism about India-US trade ties, emphasizing the need for India's agricultural trade to open up amid US President Donald Trump's plans to impose reciprocal tariffs on US trading partners, including India.
The sailing vessel of the officers, INSV Tarini, is currently on a sailing expedition to circumnavigate the globe. The ship is currently in the South Atlantic Ocean at a distance of 450 nautical miles from the previous port of call Port Stanley in the Falkland Islands, is heading to Cape Tow
Union Defence Minister Rajnath Singh on Friday interacted with the crew of Navika Sagar Parikrama II on the eve of International Women's Day and said that their courageous journey aboard INSV Tarini, tackling the immense challenge of circumnavigating the globe, "stands as a beacon of Nari Sh
India's export growth has been hampered over the past decade due to a combination of high import tariffs and low foreign direct investment (FDI) in mid-tech manufacturing sectors, according to a report by HSBC.
The Indian chemical industry is set to gain from the United States recent decision to impose strict tariffs on China, Canada, and Mexico, according to a report by Prabhudas Lilladher.
Explaining the modifications, Trump said, "During this interim period, between now and April 2nd, this makes it much more favourable for our American car manufacturers."