Parliamentary Affairs Minister Kiren Rijiju, through a post on X, on Saturday, hailed the India-US trade agreement, saying that it will primarily benefit the farmers, fishermen, MSMEs, and 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.
The Commerce Ministry on Thursday said the recent imposition of 50 per cent tariffs by the United States will have a short-term impact on India's exports, particularly in sectors such as textiles, chemicals, and machinery. However, it asserted that the long-term effect on overall trade an