Page 3 - Trade Deal

India likely to buy petroleum, defence goods, aircraft from US under deal

Trump announced a trade deal with India that slashes US tariffs on Indian goods to 18% from 50% in exchange for India halting Russian oil purchases and lowering trade ​barriers

US tariff cut to 18% to boost Indian rice exports, says exporters' body

The Indian Rice Exporters Federation (IREF) on Tuesday expressed optimism over a proposed reduction in United States import tariffs on Indian goods to 18 per cent, down from the earlier 25 per cent. The federation expects this move to restore price parity with competing nations and significantly boost shipment volumes. According to IREF National President Prem Garg, the revised tariff structure would place India on a par with competitors like Thailand and Pakistan, which currently face duties of approximately 19 per cent. "The move to lower tariffs from the earlier 25 per cent to 18 per cent is a significant victory for price parity. This effectively neutralised the duty disadvantage we faced against competitors like Thailand and Pakistan. " Indian rice can now compete on a level playing field in one of our most high-value markets," exporter RiceVilla Group's CEO Suraj Agarwal said. The industry is also hopeful that a potential penalty related to India's purchase of Russian oil be

India-US deal major catalyst for semiconductor ecosystem: President IESA

The India-US trade deal can be a major catalyst for India's electronics, semiconductor, and technology ecosystem, Ashok Chandak, President of SEMI India and IESA said on Tuesday, adding it will accelerate semiconductor design and manufacturing, bolster value addition, and expand cooperation across AI and data centres space. The comment from the industry assumes significance as the US and India have reached a trade deal following months of negotiations. Washington will bring down the reciprocal tariff on Indian goods to 18 per cent from the current 25 per cent, President Trump said in a social media post on Monday after a phone conversation with Prime Minister Narendra Modi. The prime minister said he was delighted that "Made in India products will now have a reduced tariff of 18 per cent". IESA's (India Electronics and Semiconductor Association) Chandak said, the India-US trade deal can be a major catalyst for India's electronics, semiconductor, and technology ecosystem. By improvi

India-US trade deal major boost for 'Made in India' initiative: FM

Finance Minister Nirmala Sitharaman on Tuesday welcomed the reduction in United States' tariffs on Indian goods, describing the development as a major boost for the 'Made in India' initiative. Taking to social media platform X, the finance minister said that Indian products would now face a reduced reciprocal tariff of 18 per cent. "Good news for #MadeInIndia products. They will now face reduced tariff of 18%. Thanking the leadership of PM @narendramodi and @POTUS for this development. People of our two large democracies stand to benefit," she said in a post on X. The breakthrough follows a high-level telephonic conversation between Prime Minister Narendra Modi and US President Donald Trump. In a reciprocal move, India has committed to reducing trade barriers for American goods and significantly increasing imports across sectors, including energy, technology, and agriculture. Following the trade agreement announcement, Prime Minister Narendra Modi said he was delighted that "Made

India gains export edge as US tariffs fall to 18%, beats China, Bangladesh

Compared to China, India now enjoys significantly lower tariffs, with tariffs levied on Beijing at 34 per cent

India-US deal boosts Make in India, unlocks growth for farmers: Goyal

Commerce and Industry Minister Piyush Goyal on Tuesday said the India-US trade agreement will open up huge opportunities for domestic farmers, MSMEs, entrepreneurs, and skilled workers and promote Make in India initiative. India and the US have agreed to a trade deal under which Washington will bring down reciprocal tariff on Indian goods to 18 per cent from current 25 per cent, US President Donald Trump said on Monday after a phone conversation with Prime Minister Narendra Modi. Goyal said it will help India get technology from the US. "This agreement unlocks unprecedented opportunities for farmers, MSMEs, entrepreneurs, and skilled workers to Make in India for the world, Design in India for the world, and Innovate in India for the world," Goyal said in a post on social media. He added that the development reflects the power of two like-minded, fair-trading democracies working together for shared prosperity. "Both India and US are natural allies and our partnership will co-create

India-US deal may spark market rally; FIIs seen returning, rupee rising

The India-US trade deal slashing tariffs to 18 per cent is seen triggering a risk-on rally, attracting FII inflows, stabilising the rupee, and boosting export-led sectors, say analysts.

US-India trade deal finalised, PM Modi thanks Trump; tariff reduced to 18%

Trump said India stopped purchasing Russian crude, a move he linked directly to the agreement between the two countries.

India-US trade talks: Most sticky issues resolved, says Commerce Secretary

However, the secretary did not put a timeline on the finalisation of the deal, nor did he put a number on the level of convergence achieved by both sides

'Highway of immense opportunities': PM Modi lauds 'futuristic' Budget

PM Modi said the Union Budget, aligned with recent trade deals, provides unprecedented support to MSMEs, sunrise sectors, infrastructure, laying the foundation for jobs, growth, Viksit Bharat by 2047

India-EU free trade deal explained: What it means for farmers and IT jobs

The India-EU trade deal boosts exports, jobs and farmers' income, and allows Indian professionals to work in the EU. Here are key FAQs on farming, services and mobility

India-EU trade deal: Auto firms eye India to take on Chinese rivals

Look to use India's manufacturing cost advantage as carmakers from China have gained market share in EU in recent years

Now, for an investment protection guarantee to signal India is serious

It will signal to the world that India is serious about being open for business

India-EU FTA weaves new hope into $100 billion textile export dream

To double apparel exports to Europe from $5.5 billion to over $11 billion in five years

India-EU FTA: Mercedes to Lamborghini, luxury cars likely to get cheaper

Indian auto component makers cheer the India-EU trade deal, while luxury car brands see long-term demand boost as import duties ease, even as local automakers' stocks slip

India-EU FTA announced: Watch joint press meet of PM Modi & European Council

India and the European Union (EU) on Tuesday (January 27, 2026) announced the conclusion and finalisation of negotiations for a free trade agreement.

PM Modi announces signing of India-EU trade deal, hails landmark agreement

Modi said people are discussing it as a "mother of all deals", and this agreement has brought a lot of opportunities for 140 crore Indians and crores of Europeans

India, Russia likely to achieve $100 billion trade target by 2030: Envoy

India and Russia are moving confidently to achieve a target of USD 100 billion in bilateral trade by 2030 and steps are being taken to expand the trade basket, Ambassador Vinay Kumar said on Monday. "The past year has been particularly active. We had a very successful visit of President (Vladimir) Putin. Achieving the bilateral trade target of USD 100 billion by 2030 is eminently possible," Ambassador Kumar said while talking to PTI on India's 77th Republic Day. "Steps are being taken, including identification of new items, and a free trade agreement will facilitate the achievement of this target," he added, noting that trade has increased with new opportunities in fertilisers, agriculture and engineering. According to reports, in FY 202425, India-Russia bilateral trade reached a record high of approximately USD 68.7 billion due to massive import of Russian crude. "More of the trade is being conducted already in the national currencies and this trend will continue as we further dee

Rupee likely to trade around 92.50 per dollar by March-end: BS Poll

Trade deal with US could reverse the fortune of the Indian currency

With EU FTA, textile firms hope to surpass Bangladesh in European exports

India's textile and apparel industry expects the India-EU trade deal to boost exports, help Tiruppur overtake Bangladesh in Europe and revive growth after tariff-led losses