File image: Exterior Affairs Minister S. Jaishankar
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ANI
Exterior Affairs Minister S Jaishankar on Tuesday welcomed the India-US commerce settlement, saying it should spur progress in each economies and strengthen the nation’s ‘Make in India’ endeavours.
Jaishankar, who’s on a three-day go to to the US to attend a Washington-led ministerial assembly on essential minerals provide chain, mentioned he “welcomed the bulletins on bilateral commerce”.
India and the US agreed to a commerce deal below which Washington will carry down reciprocal tariff on Indian items to 18 per cent from the present 25 per cent, US President Donald Trump mentioned on Monday after a telephone dialog with Prime Minister Narendra Modi.
In a put up on ‘X’, Jaishankar mentioned, “It will create extra jobs, spur progress and promote innovation in each economies. It’ll strengthen ‘Make in India’ endeavours and encourage trusted know-how ties.”
“The alternatives in our financial engagement are really huge and we’re assured of realising them. A sturdy financial relationship is the strongest basis for our strategic partnership,” the Exterior Affairs Minister added.
Following the commerce settlement announcement, PM Modi mentioned he was delighted that “Made in India merchandise will now have a lowered tariff of 18 per cent”.
“Fantastic to talk with my expensive buddy President Trump immediately. Delighted that Made in India merchandise will now have a lowered tariff of 18 per cent. Huge because of President Trump on behalf of the 1.4 billion individuals of India for this glorious announcement,” Modi mentioned.
He mentioned when two massive economies and the world’s largest democracies work collectively, it advantages the individuals and “unlocks immense alternatives for mutually helpful cooperation”.
“President Trump’s management is significant for international peace, stability, and prosperity. India absolutely helps his efforts for peace,” Modi mentioned on ‘X’.
President Trump mentioned India will transfer ahead to cut back “tariffs and non-tariff obstacles” in opposition to the US to zero, including New Delhi would purchase American items, together with power, price greater than $500 billion.
“Out of friendship and respect for Prime Minister Modi and, as per his request, efficient instantly, we agreed to a commerce deal between the US and India, whereby the US will cost a lowered reciprocal tariff, reducing it from 25 per cent to 18 per cent,” the US President mentioned on social media.
India will “likewise transfer ahead to cut back their tariffs and non-tariff obstacles in opposition to the US, to zero”, he mentioned.
Trump mentioned Modi additionally dedicated to purchase American items at a a lot greater degree, along with over $500 billion {dollars} of US power, know-how, agricultural, coal, and plenty of different merchandise.
“Our superb relationship with India shall be even stronger going ahead. Prime Minister Modi and I are two those that get issues performed, one thing that can’t be mentioned for many,” he mentioned.
Trump mentioned Modi and he additionally mentioned ending the conflict between Russia and Ukraine.
“He agreed to cease shopping for Russian Oil, and to purchase rather more from the US and, doubtlessly, Venezuela,” the US President mentioned.
“It will assist finish the conflict in Ukraine, which is going down proper now, with hundreds of individuals dying each week,” Trump mentioned.
The Modi-Trump telephone talks got here on a day EAM Jaishankar travelled to Washington DC.
India has a decrease tariff now in comparison with competing export economies, officers mentioned.
They cited 19 per cent American tariffs on Indonesia, 20 per cent on Vietnam, 20 per cent on Bangladesh and 34 per cent on China.
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Printed on February 3, 2026
