FM Sitharaman on India-US trade deal
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The India–US trade deal focuses on easing trade frictions by cutting reciprocal tariffs on Indian exports to 18% from an earlier 50% and outlining a framework to gradually reduce tariff and non-tariff barriers. Industry bodies see the agreement as a structural positive supporting India’s manufacturing-led growth and global competitiveness goals.
The Indian automobile industry reacted positively to the India-US trade deal, viewing it as an opportunity to boost exports and as a stability-inducing factor.
Lutfey Siddiqi, Special Envoy on International Affairs to the Chief Adviser, has said that ongoing high-level economic discussions with
Trump said India to “move forward to reduce their Tariffs and Non Tariff Barriers against the United States, to ZERO”. This, and other points led to questions.