The US and India have on Saturday issued a joint statement that they have reached a framework for an Interim Agreement regarding reciprocal and mutually beneficial trade (interim agreement) and have agreed to a framework.
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".
Addressing a public rally in Karimnagar, Owaisi claimed that US President Donald Trump has warned that the US could impose an additional 25 per cent tariff on India if it imports oil from Russia, directly or indirectly.
Speaking to reporters in Kochi, Venugopal said, "We are all in the dark. The Parliament was also taken into confidence. Even now, we don't know the details of the agreement. How many agricultural projects are going to suffer? How many farmers are going to suffer?"
Sitharaman said, "So every trade deal is important, and it certainly lifts the spirit of the exporters and people who are looking for newer markets and so on. And if the chief economic advisor has given you a number, go by that. I normally don't."
The United States and India announced a framework for an Interim Agreement on reciprocal, mutually beneficial trade, reaffirming their commitment to a broader Bilateral Trade Agreement (BTA) launched by President Donald Trump and Prime Minister Narendra Modi on February 13, 2025.
Congress leader Supriya Shrinate on Saturday launched an attack on Prime Minister Narendra Modi over the interim India-US trade agreement, claiming that the latter has "played to the tunes of President Trump", which resulted in a "detrimental" deal for India's interest.
Speaking to ANI, Sachdev said the US decision to reduce duties from a peak of 50% to 18% has removed a major irritant in bilateral ties, which had strained relations since April's Liberation Day announcement by US President Donald Trump. India had initially faced a 25% reciprocal tariff, fol
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."
Highlighting India's rising global economic stature, citing the country's trade deals with major partners, Prime Minister Narendra Modi on Saturday said that trust has become India's "strongest currency" in the global landscape.
"Under the leadership of PM Narendra Modi, this is a landmark deal between India and the US. This is a historic deal. The 50 per cent tariff has been cut down to 18 per cent. Trade will thrive, industries of people will thrive, and employment opportunities will increase," he said.