A sharp reduction in US import tariffs has sparked relief and renewed optimism among handicraft traders in Sambhal, Uttar Pradesh, reviving hopes of stalled exports and global demand for the town's distinctive artisanal products.
Defence Minister Rajnath Singh on Saturday hailed the interim framework for the US-India trade agreement, underscoring the benefits of the agreement, including expanded exports, strengthened labour-intensive sectors, and job creation.
The US-India Business Council (USIBC) has congratulated the US and Indian governments on establishing a framework for an Interim Agreement on reciprocal, mutually beneficial trade.
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.
In a statement issued after the announcement, Greer said the agreement would significantly benefit US workers, farmers and producers by lowering tariffs across all US industrial goods and a broad range of agricultural products.
Announcing the elimination of the additional tariffs imposed on India for purchase of Russian Oil the White House confirmed that India had agreed to stop importing Russian Oil
In an executive order issued by President Donald J. Trump, the United States announced the termination of the additional tariff imposed in August 2025 on Indian imports, citing concerns about Russia's actions against Ukraine and India's then-imports of Russian oil.