He expressed happiness over US President Donald Trump's decision to enforce a 90-day pause on wide-ranging tariffs and lower the reciprocal tariff on India and other countries that have initiated trade talks with the United States during this period to 10 per cent.
Senior BJP leader and Member of Parliament Zafar Islam highlighted India's robust economic growth, attributing it to the transformative policies implemented since 2014.
Noting that India has correctly assessed US President Donald Trump's objective of imposing tariffs and is attempting to address those concerns, a top geopolitics expert said on Saturday that New Delhi is willing to drastically reduce tariffs in the hope that there will be some reciprocal
Evan A Feigenbaum, Vice President for studies at the Carnegie Endowment for International Peace, believes that there is a lot of pressure from the financial markets on the US administration to change its course.
Addressing the Carnegie Global Tech Summit 2025 in the national capital Jaishankar said that the US imposed tariffs has focussed India on the need to actually correcting "a certain skewed nature of our openness to the global economy".
Siddharth Mittal, CEO and Managing Director of Biocon Limited, said on Friday asked who would pay the price to shift their shops in the US where pharma manufacturing costs are higher than in India and China.
The pause in reciprocal tariffs by the US adminstration offers Indian businesses a short-term advantage--especially in sectors like textiles, leather, engineering, and electronics, where India competes directly with China, said Global Trade Research Initiative (GTRI) Founder, Ajay Srivastava
Indian stock indices closed handsomely higher on Friday, supported by the Trump's decision to pause the reciprocal tariffs on dozens of countries, including India, for 90 days.
"Even if the US imposes even higher tariffs, it would no longer make economic sense and ultimately go down as a joke in world economic history," according to the commission as reported in the Chinese state media.
Sunil Kant Munjal, Chairman of Hero Enterprise on Friday said he views Trump's reciprocal tariffs on partner countries as an instrument to get fairer deals with them.