"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 India-US trade deal reduces tariffs on Indian goods in the US to 18 per cent, while Washington has claimed the deal will help it export more agricultural products to New Delhi.
The India-US trade deal reduces tariffs on Indian goods in the US to 18 per cent, while Washington has claimed the deal will help it export more agricultural products to New Delhi.
The Director of the Centre for New American Security (CNAS), Lisa Curtis, on Tuesday (local time) described the recently announced India-US trade deal, in which Washington reduced the tariff on Indian goods to 18 per cent, as a "major step forward" for bilateral ties, while also cautionin
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
External Affairs Minister S Jaishankar and US Secretary of State Marco Rubio on Tuesday (local time) committed to expand "bilateral and multilateral cooperation" through the Quadrilateral Security Dialogue (Quad) during their meeting ahead of the Critical Minerals Ministerial and welcomed
He stated that if such commitments are made without extensive public consultation, parliamentary debate, or dialogue with farmers' representative bodies, it would constitute a direct betrayal of the interests of crores of Indian farmers, horticulturists, and agricultural labourers.
The meeting is part of the EAM's ongoing three-day visit to the United States and comes a day after the announcement of the India-US trade deal under which Washington has agreed to lower tariffs on Indian goods to 18 per cent.
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.
"For the last six months, we've been going through a lot of turmoil since the tariffs were imposed. We were struggling because we didn't want to leave the buyers, and the buyers didn't want to leave the exporters. With yesterday's news, we reached a point of saturation on whether we could ta
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.