India and the United States have strengthened their economic partnership through a wide-ranging trade deal aimed at easing market access, reducing trade frictions, and expanding cooperation in advanced technologies.
Congress leader Manish Tewari has raised concerns about the wording of the February 6, 2026, Indo-US Joint Statement, saying it implies significant concessions by India on industrial and agricultural tariffs to the United States. Manish Tewari said that a specific sentence regarding the e
Union Minister of Skill Development and Entrepreneurship Jayant Singh on Saturday stressed that the farmers of the nation know that the economic progress, growth, and development in the sector is possible only through law, order, and science, after the India-US trade agreement.
External Affairs Minister S Jaishankar on Saturday lauded the India-United States interim trade agreement, stating that the deal will ensure greater market access for Indian exporters.
India will get tariff-free access to certain aircraft and aircraft parts from the US under the just-agreed-upon interim trade deal, said the US-India joint statement released on Saturday.
In a statement issued after the announcement, Greer said the agreement would significantly benefit US workers, farmers and producers by lowering tariffs across all US industrial goods and a broad range of agricultural products.
Under the order, beginning on its effective date, the United States may impose an additional ad valorem duty-for example, up to 25 per cent- on goods imported into the US from any country that directly or indirectly purchases, imports, or otherwise acquires goods or services from Iran.
Announcing the elimination of the additional tariffs imposed on India for purchase of Russian Oil the White House confirmed that India had agreed to stop importing Russian Oil
In an executive order issued by President Donald J. Trump, the United States announced the termination of the additional tariff imposed in August 2025 on Indian imports, citing concerns about Russia's actions against Ukraine and India's then-imports of Russian oil.
According to the joint statement, the Interim Agreement framework reaffirms both countries' commitment to deepen economic engagement, expand market access, and support more resilient supply chains.