India-US Trade Deal: Leaders Welcome Reduced Tariffs, Boost for 'Made in India'

India
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CNBC TV18•03-02-2026, 16:48
India-US Trade Deal: Leaders Welcome Reduced Tariffs, Boost for 'Made in India'
- •US President Donald Trump announced a trade deal reducing reciprocal tariffs on Indian goods from 50% to 18%.
- •Prime Minister Narendra Modi expressed delight, stating the deal benefits 'Made in India' products and thanked President Trump.
- •Union Ministers Amit Shah, Nirmala Sitharaman, S Jaishankar, Piyush Goyal, and Ashwani Vaishnav lauded the deal for strengthening trade ties, creating jobs, and promoting mutual growth.
- •The US-India Strategic Partnership Forum (USISPF) welcomed the agreement, emphasizing deepened economic partnership.
- •Opposition leaders Shashi Tharoor, KC Venugopal, and Sanjay Raut raised concerns about the deal's specifics, lack of parliamentary clarity, and potential impact on Indian farmers and national interests.
Why It Matters: India and the US finalized a trade deal, reducing tariffs to 18%, welcomed by leaders for economic growth.
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