New Delhi, Feb 3 (IANS) Former Ambassador of India to Poland, Dr Deepak Vohra on Tuesday described the India-US trade deal as a significant diplomatic achievement, highlighting India’s patience, strategic restraint and firm protection of key domestic sectors during negotiations and termed it the “father of all deals”. Speaking exclusively to IANS, about the agreement, Dr Vohra said there were a few key takeaways from the development. He claimed that the American establishment had been strongly…
Latest Trade Deal News & Updates
New Delhi, Feb 3 (IANS) The India-US trade deal will further expand and deepen trade between two of the largest economies of the world, Union Revenue Secretary Arvind Shrivastava said on Tuesday.In a statement, Shrivastava said the deal will create more opportunities for our labour-intensive and manufacturing sectors in the US market and give impetus to mutually-beneficial collaboration in high and advanced technology sectors.In a historic move, the US has announced a reduction in tariffs on Ind…
New Delhi, Feb 3 (IANS) Senior government officials on Tuesday welcomed the India-US trade deal, saying it has reduced uncertainty in the global economic environment and brought relief to Indian industry.Speaking at FICCI’s conference on Union Budget 2026–27, Secretary of the Department of Economic Affairs Anuradha Thakur said a ‘great deal of uncertainty’ was removed after the trade agreement was announced between India and the United States.“Despite growing geopolitical challenges ac…
Mumbai, Feb 3 (IANS) Market expert Sunil Shah on Tuesday termed the India–US trade deal a major sentiment booster for the Indian economy and capital markets, saying it has laid a strong foundation for long-term growth and strengthened India’s position in global trade. Reacting to the development, Shah said the agreement has had an immediate positive impact on market sentiment, which was clearly reflected in Tuesday’s sharp rally.“After the Budget, the market was slightly weak, but today …
New Delhi, Feb 3 (IANS) Opposition leaders on Tuesday mounted a sharp attack on the India-US trade agreement, raising concerns over the country’s ‘sovereignty’, transparency in decision-making, and the possible long-term impact on farmers, energy security and foreign policy. Leaders from the Congress party and Samajwadi Party questioned why key announcements were being made by US President Donald Trump instead of the Indian government and warned that the deal may disproportionately benefit the U…
Mumbai, Feb 3 (IANS) India’s agreement with the United States to cut reciprocal tariffs is set to make a range of products — from tech hardware to select agricultural imports — cheaper in the country.Tech hardware and components, including laptops, gadgets and consumer electronics, may become more competitively priced, while processed foods, packaged goods and household appliances could also benefit from lower import expenses, according to reports.Agricultural products such as pulses, dairy …
New Delhi, Feb 3 (IANS) The Rajya Sabha witnessed high drama on Tuesday as opposition parties, led by Congress, staged a walkout over the government’s handling of discussions on the recently announced India-US trade deal. The move came amid sharp exchanges, with Leader of the House J.P. Nadda launching a blistering attack on the opposition, accusing them of “anti-national behaviour” and politicising national interests.The controversy erupted when opposition members demanded an immediate and …
New Delhi, Feb 3 (IANS) The India-US trade agreement is the most important deal for the country and will generate more jobs and also add to foreign exchange, said Ashishkumar Chauhan, NSE MD and CEO, on Tuesday.Speaking to IANS, Chauhan stated that the trade deal between the US and India was expected for a long time, and now will be implemented immediately, unlike the European deal, which is expected to roll out after six months.“India is the only country that has manpower, high-tech appreciat…
Washington, Feb 3 (IANS) US Agriculture Secretary Brooke Rollins and Energy Secretary Doug Burgum welcomed the US–India trade deal, citing benefits for farmers, energy producers and the broader US economy.Rollins said the agreement would expand US farm exports to India’s large and growing market. “New US-India deal will export more American farm products to India’s massive market, lifting prices, and pumping cash into rural America,” she said.She noted that in 2024 the US agricultural …
Washington, Feb 2, (IANS) President Donald Trump on Monday said that India and the United States had reached a trade deal, outlining key elements after a phone conversation with Prime Minister Narendra Modi, whom he described as “one of my greatest friends.”In a detailed post on Truth Social, Trump said the agreement would immediately reduce the US reciprocal tariff on Indian goods from 25 per cent to 18 per cent, calling it a major shift in bilateral trade ties linked to energy cooperation …