India's AYUSH and nutraceutical sectors are expected to see a significant boost following the reduction in US tariffs under the India-US Interim Trade Deal, Founder & Director of Pharmanza Herbal Pvt Ltd, Lal Hingorani, said in an exclusive conversation with ANI.
US President Donald Trump on Sunday (local time) claimed credit for the record stock market performance and gains in American national security--calling it driven by tariffs. He also predicted Dow to touch a record 100,000 by the end of his term.
Speaking to ANI on Sunday, he noted that the sector had been facing significant challenges over the past six months due to 25% US tariffs, which had caused considerable turmoil among exporters.
"The buying of crude oil, LNG, or LPG from the US is in India's strategic interest as we diversify sources. But the decisions are taken by the buyers themselves. The trade deal does not decide who will buy what and from where," Goyal told ANI.
In an interview with ANI, Goyal dispelled concerns in the export community after the landmark India-US interim trade deal was announced, which would reduce tariffs on many Indian exports. He noted that the US imposes 50% tariffs on steel, aluminium, and copper globally on national securit
Speaking with ANI, he framed the development not just as a policy shift, but as a testament to India's "strong stance" on the global stage. According to Mohanty, the U.S. "had to back down" after realising that India's massive economy is too vital to ignore or isolate. A mutual agreement
The framework for the trade agreement with the United States 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.
BJP National Spokesperson CR Kesavan on Sunday hailed the India-US Interim Trade Framework Agreement, which significantly reduces tariffs on Indian exported goods from 50 per cent to 18 per cent.
Union Agriculture Minister Shivraj Singh Chouhan on Sunday said that the trade agreement with the United States will not harm Indian farmers, while the US has reduced tariffs on several Indian farm exports to zero.
President and MD of Airbus India and South Asia, Jurgen Westermeier, on Sunday, hailed the framework for the interim Bilateral Trade Agreement (BTA) between India and the United States, calling it a "runway for Indian suppliers to scale globally".
Speaking to ANI, Sachdev said that India intended to increase imports, which could impact local pricing and production, and that tariff reductions on American produce would mean more competition for domestic growers but more variety for Indian consumers.
In a telephonic interview with ANI, Chidambaram responded to questions on the government's claims regarding the deal, and said, "what has been announced is neither a bilateral trade agreement nor an interim agreement, but merely a framework for a possible interim agreement in the future."