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India-US Trade Deal LIVE Updates: Piyush Goyal Lauds Trade Deal, Trump's Reciprocal Tariff Cut Move

Congress seeks transparency on tariff cuts to 18% and market access provisions amid concerns about impacts on Indian farmers and trade, following US-India trade deal announcement.

  • On Tuesday, Congress MP Shashi Tharoor called for clarity on the India-US trade deal, urging the Government of India to explain what the pact contains and questioning its announcement on X.
  • The US announced the deal, claiming it will reduce tariffs to 18% and that India agreed to cut barriers to `zero`.
  • Citing trade figures, Tharoor asked what protections exist for Indian farmers and whether imports would change, noting Mr Trump’s USD 500 billion and India’s USD 700 billion import bill.
  • Amid the announcement, Congress demanded full details and questioned if Trump’s and Modi’s tweets suffice as transparency in a parliamentary democracy.
  • Framing the pact as `on Modi's request`, Congress said reducing tariff and non-tariff barriers to `zero` will `impact` India, highlighting wider political and economic stakes.
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Supriya Shrinate attacked the BJP on the India-US trade deal, saying that India will now be subject to an 18 percent tariff, down from the previous 2.9 percent. This raises questions about the impact of this increase. On the US side, Donald Trump has also talked about imposing a zero percent tariff on many American goods.

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Times of India broke the news in India on Monday, February 2, 2026.
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